Bank Sinai’s “sun” shines hotter
According to the financial news, the banking system is based on “attracting customers’ resources” in the form of deposits and “allocating resources to applicants” in the form of facilities, but are banks able to provide all the facilities needs of the applicants?
According to this report, the facility needs of banking system applicants can be divided into “urgent” and “temporary” categories. In the first case, the bank can pay facilities in the form of Murabaha, debt purchase, Mudaraba, Jaala, etc. in the form of approved plans of the Central Bank and in the form of specific contracts and figures with known interest rates and fees.
However, many customers of the banking system cannot meet their needs within the specified frameworks and need flexible conditions in this field. They want to determine the amount of the facility themselves, have the right to choose the repayment period and even interfere in choosing the amount of installments.
It is in such a situation that banks provide special facilities to customers by designing unique products, according to the needs and financial ability of the customers. Sina Bank has also introduced the “Aftab” facility plan, recognizing the needs of the middle and special sections of the society who are looking for “interest-free” facilities.
The facility of this plan, which is paid without interest and with zero fees, is special for Qarzul Hosna savings loan deposits and is intended for use by members of the engineering system organization, mosques group, Sunni group, workers with social security insurance, professionals group, helpers group, livestock breeders group, Clergymen, group of truck drivers, taxi drivers, ride drivers and nomadic group are designed.
It is mandatory to open a Qarzul Hosna Savings loan deposit with a minimum balance of 500 thousand Rials to benefit from this facility, but the amount of the payment facility will be appropriate to the average balance and can be paid up to 147.2% of the average balance.
The flexibility of the “facility amount” up to 3 billion Rials, the variability of the “deposit period” from one to 12 months, and the ability to choose the “repayment period” from 6 to 48 months, makes the recipient facility adjust these parameters based on their needs and abilities. to choose
One of the most common events that occur during deposits in order to receive facilities for customers of the banking system is to eliminate the need to receive facilities over time. In such a situation, the customer is faced with the question of what will be the point of receiving the loan.
Bank Sina has also provided the conditions for assigning the points of the scheme to others in the Aftab facility scheme, and therefore, it can assign its facilities to a person who introduces himself. Also, Aftab account holders can use a bank card and control the average balance by depositing and withdrawing their funds to this card.