AlBaraka Green is a financing product that enables the client to buy green energy products and solar energy heating systems.
Characteristics
  • Financing Amount: 22,500,000 LL (or its equivalent in USD)
  • Repayment Period: up to 4 years
  • Down Payment: 0%
  • Profit Rate: Competitive Rate
     
Financing Requirements
  • Life insurance covering the financing amount
  • Personal guarantee
  • Salary domiciliation
Required Documents
  • Copy of ID
  • Proof of residence (recent electricity or landline bill)
  • If employed: recent authenticated employment certificate confirming date of employment, position held, salary & NSSF number if available (NSSF with current employer)
  • If self-employed, a copy of your company’s Commercial Circular and a Declaration of Income. Additional documents might be requested for better assessment
  • With salary domiciliation: irrevocable salary domiciliation approved by the employer
  • Additional documents might be requested on a case by case basis

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