Construction Materials Financing

Murabaha is a sale where seller (Bank) expressly mentions the cost incurred on the commodities and sells it to another person (Customer) by adding some profit or mark-up thereon which is known to the Buyer. Murabaha (cost plus profit) Construction Materials Financing product is designed to enable those applicants who intend to buy any kind of construction materials for construction of home for their personal or commercial use.

For further details, please visit our nearest office or contact BMA’s Customers Services by dialing 1312

For further details, please visit our nearest office or contact BMA’s Customers Services by dialing 1312

Features

☑ Installments: Easy and reliable monthly repayment plan.
☑ Easy processing: The facility is easily processed with all documentation in only two working days.

Criteria

☑ Age criteria: Customers must be between 18 and 60 years of age.
☑ Work experience: Applicants must have at least two years of work experience, including a minimum of 12 months in their current job or business.
☑ Minimum salary of customer: The minimum salary required is AFN 15,000 or 300 USD.
☑ Salaried persons having an employment history of at least two year or more in a permanent cadre.
☑ Self-employed and business person engaged in a profession or business for at least two years.
☑ Financing period: The maximum financing period is five years, subject to committee approval.
☑ Profit rate: The annual profit flat rate is 6%.
☑ Maximum financing amount: The maximum amount of financing available up to USD 50,000, or its equivalent in AFN.

Required Documents

☑ Customers must provide all necessary documents, including an official referral letter, ID card, NID (Tazkira), a recent photo, and any requested inquiry letters.
☑ No Objection Certificate (NOC): Customers are required to provide an NOC confirming that they have no outstanding debts with other banks or financial institutions.
☑ Collateral / Guarantee: Customers must provide either employer guarantee or gold as security or a registered title deed as collateral for the requested financing.