1. “Permanent Credit” (revolving overdraft):-
Any employee is eligible to obtain a “permanent credit” account if he/she meets the following conditions:
- The employee must have a salary transferred to a Quds bank account.
- Public Sector employees must have a permanent status, and private sector employees must have a minimum of one year of employment (if the private sector firm is approved by Quds Bank).
- The maximum amount of the loan is 200% of the employee’s salary (double the salary).
- Public sector employees must provide an up to date salary slip (not exceeding 3 months), Private sector employees must provide a letter signed duly by their employer that commits to transfer their salary and dues to Quds Bank.
- The revolving overdraft account limit is granted for one year and will be renewed upon customer’s request and bank’s approval.
- The employee’s obligations as a debtor and a guarantor must not exceed 100 times his monthly salary.
2. “Rapid Loan”:-
This loan program offers up to 6 times the employee’s monthly salary with an upper limit of 20,000 NIS or its equivalent in other currencies and that’s under the following conditions:
- Public Sector employees must have a permanent status, and private sector employees must have a minimum of one year of employment (if the private sector firm is approved by Quds Bank).
- The employee must have a salary transferred duly to a Quds bank account.
- No need for guarantors.
- The settlement period should not exceed 24 monthly installments.
- The employee’s obligations as a debtor and a guarantor must not exceed 100 times his monthly salary.
3. ”Rayeh Balak” Loan:-
This loan was designed specifically to meet all major life requirements such as marriage, education, travel and any other personal needs; this loan is granted under the following conditions:
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Description
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Notes
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Value
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Settlement Period
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Guarantees
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An employee with transferred salary
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Permanent Employee with minimum one year of employment
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16 times the salary or $20,000
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48 monthly installments
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A guarantor whose salary is transferred to Quds Bank.
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An employee with transferred salary
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Permanent Employee with minimum one year of employment
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30 times the salary or $30,000
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72 monthly installments
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Two guarantors whose salaries are transferred to Quds Bank.
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The employee’s obligations as a debtor and a guarantor must not exceed 100 times his monthly salary.
4. “Unconditional Loan” (without salary transfer):-
This loan program is granted to individuals who meet the following criteria:
- If the applicant has two guarantors, the loan value will be equal to 12 times the average of the two guarantors salaries, salaries of the two guarantors must be transferred to Quds Bank, both guarantors have to be permanent employees with a minimum of one year of employment with their current employer, and the loan settlement period is up to 36 monthly installments.
- If the applicant has one guarantor, the loan value will be equal to 6 times the guarantor’s monthly salary, the salary of the guarantor must be transferred to Quds Bank, the guarantor has to be a permanent employee with a minimum of one year of employment with his/her current employer, and the loan settlement period is up to 18 monthly installments.
- The employee’s obligations as a debtor and a guarantor must not exceed 100 times his monthly salary.
- The guarantors overall direct obligations must not exceed 50% his monthly salary or income.
- The monthly installment must not exceed 40% of the employee’s salary or 50% of the family compound income.
- The program offers very competitive interest rates.
5. Personal Computer (PC) loan:-
- The PC value is maximum $2000.
- The applicant for this loan must be a permanent employee at a private sector firm with a minimum of one year of employment, the employee monthly salary must be transferred to Quds Bank.
- The applicant’s monthly installment amount shall be in line with the family income.
6. “Educate your Children” Loan:-
In an effort to enhance and raise the cultural and educational level of our sons, we designed a program offering you the opportunity to learn through “Educate your Children” loan.
- The loan value is equal to the university installment
- The applicant for this loan must be a permanent employee at a private sector firm with a minimum of one year of employment, the employee monthly salary must be transferred to Quds Bank.
- The period of monthly installments is not to exceed 6 months.
- The student must prove that he/she is enrolled in the university for the school semester that the loan will cover.
- Easy procedures and simple guarantees.
7. “Purchases Loan”:-
This loan serves all sections of society through agreements with a wide number of retailers, with easy conditions and procedures and preferential rates.
- The payment period is up to 36 monthly installments.
- Easy procedures and conditions.
8. Professional’s Loan:-
To meet the needs of professionals such as doctors, engineers, pharmacists, dentists, radiographers, orthodontists, laboratories, and auditors and to help them achieve their ambitions either by establishing private ventures or expanding their current projects we offer this program with easy conditions and procedures:
- Loan amount is maximum $15000.
- Payment period is up to 60 monthly installments.
- Competitive interest rate with easy procedures and conditions.
- The borrower must bring one guarantor who is also a professional.
- The borrower must have his monthly salary transferred to Quds Bank.
- The monthly installment must not exceed 30% of the borrower’s income and 40% of the family income.
9. “Your Preferred Car” Loan
Now with the car financing offers from Quds Bank, you will own the car of your dreams very easily:
- Quds Bank financing covers 100% of the car value.
- The payment period is up to 72 monthly installments.
- The possibility of financing more than one car.
- The Possibility of buying the liabilities of the customer and re-financing previous loans.
- Competitive interest rate.
CONDITIONS:
- Mortgage the car to the bank and endorse its comprehensive insurance.
- A guarantor whose salary is transferred to the bank at minimum.
- Submitting a proof of income acceptable to the bank in case the customer was not an employee.
- In case of a used car (car age is not to exceed 5 years).
The required documents:
- The price proposal by the seller in due forms.
- Copy of the car license and insurance.
10- Dream house loan:-
It is easy to own the dream house, this means that the dream became true thanks to our competitive program (dream house)
- The rate of our financing reaches 170 thousand dollars (85% of the apartment price).
- The payment period is up to 25 years (300 monthly installments).
- Possibility of buying the liabilities of the customer and re-financing.
- Financing the purchase of a ready-to-use housing unit.
- Financing the deletion of a housing real estate.
- Financing the addition of new housing parts to existing units whether vertically or horizontally.
- Financing available in all regions.
- Competitive interest rates.
CONDITIONS:
- The area on which the real estate is built shall be registered or registrable at the department of lands registration
- The loan value be in line to the family income fixed in official papers
The requested documents:
- A copy of the titled deed of the real estate, subject of the loan
- A document proving the existence/non-existence of financial liabilities of the borrower and his partner to the company
- A coupon of the salary and a commitment letter of the salary transfer and dues to the bank
- A copy of the building license granted by official parties
- A bank account statement for the last 10 months for the borrower and his partners
- A copy of the ID of the borrower and his partners
- The annual income statement submitted to the tax for the last two years (free-lancers)
- Initial purchase/sale agreement or an engineer report in case of building and deletion loans
- A copy of the trade license (in case of free-lancers)
11- Loans for SME’s:-
Due to the importance of this vital sector, Quds Bank designed a special lending program offering financing to existing and new projects with clear economic worthiness, as the bank offers the loan within the scope of easy guarantees and conditions upon which it is agreed with owners of industrial, productive and agricultural projects
- Financing ranges between 10,000 and 500,000 dollars.
- Competitive interest rates with easy conditions and procedures.