Complete Re-Roofing Scheme

The purpose of the loan is for complete re-roofing ONLY and not for other renovation

SKU: 123456 Category:
  1. The purpose of the loan is for complete re-roofing ONLY and not for other renovation.
  2. Only one re-roofing loan per household is allowed.
  3. The maximum loan amount is SR100, 000.00 at an interest rate of 10% (variable) and a maximum loan term of 5 years.
  4. Applicants must be over 18 years of age.
  5. Applicant should be gainfully employed and earning less than SR15,000.00 net per month (proof is required).
  6. Applicant should provide a guarantor who is gainfully employed. If applicant cannot provide sufficient proof of income, they will also need to provide a co-applicant.
  7. The loan is disbursed by installments against pro-forma invoice/ quotation and upon building inspectors certification.
  8. Applicant should provide latest pay slip, bank statement with at least 6 months’ transaction, ID card as well as proof of income if self-employed.