Companies

(NFC) has developed Tamweeli program specifically for the sector of corporations and establishments to enable them to grow their business activities and expand their activities and geographical coverage.. Through it, customers can obtain car, truck and equipment financing under rent to own or murabaha system   

Advantages of Tamweeli program to finance companies and establishments

  • Approved by Islamic Sharia Committee

  • Competitive profit margin rates.

  • Ability to obtain finance for new or used vehicles.

  • The repayment period is up to 60 months.

  • Speed and simplicity in completing financial procedures in duration not exceeding 48 hours

  • Fill in the application form and sign it from the authorized person (available at the site and at the branch)

  • A copy of the Commercial Registration and a copy of the work permit.

  • The Company's Memorandum of Association and any decisions of the partners.

  • Copy of the identity card of the owner of the institution and the partners (if any).

  • A copy of the lease contract of the Headquarters or a copy of the title deed of the Headquarters.

  • A bank statement for the last 6 months.

  • The financial statements of the entity audited by approved offices for the last three financial years.

  • A stamped letter addressed to the National  Finance Company indicating the amount of funding and the purpose of the financing.

  • A price offer for the required vehicles / trucks / equipment addressed to National  Finance Company.

  • Signing the approval of inquiring about him/her with SIMAH, the Saudi Credit Bureau, in his/her personal name (attached).

  • Commercial Registration and Chamber of Commerce subscription (and licenses, if any).

  • The activity of the establishment or company in the market shall not be less than one year.

  • The Company's Memorandum of Association and any subsequent amendment.

  • A copy of the lease contract of the Headquarters or a copy of the title deed of the Headquarters.

  • A bank statement for the last 6 months.

  • Audited financial statements for the last three years (if any).

  • A stamped letter addressed to National Finance Company clarifies the required.

  • A price offer for vehicles / trucks / equipment required addressed to National  Finance Company.

  • Signing the approval of inquiring about him/her with SIMAH, the Saudi Credit Bureau, in his/her personal name (attached).

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