MOURABAHA VEHICLES
What is it ?
Murabaha vehicle consists of the purchase of new vehicles by the Bank and reselling them at a cost price increased by a profit margin known and agreed in advance with the customer.
Category concerned :
Mourabaha vehicle financing amount:
Related products :
Funded projects:
Profit margin:
Duration of payment by instalmnets:
FAQ
Mourabaha vehicle is an operation that consists of buying a new passenger vehicle, cycle or three-cycle motor vehicle from the bank and reselling it to the customer at a cost price with a known profit margin agreed in advance.
The Mourabaha Vehicle formula of the BDL is intended for the acquisition of a passenger vehicle, cycle or motor tricycle.
The customer Mourabaha vehicle (purchasing principal) must meet the eligibility conditions below:
1. Be of Algerian nationality;
2. Have a fixed residence in Algeria;
3. Have reached the age limit of 65 on the date of the request for financing;
4. Be of legal majority and have legal capacity on the date of the funding request;
5. Justify a regular income, greater than or equal to one and a half times (1.5) the SNMG, and domiciled at the counters of the Local Development Bank for non-civil servants.
1. Be of Algerian nationality;
2. Have a fixed residence in Algeria;
3. Have reached the age limit of 65 on the date of the request for financing;
4. Be of legal majority and have legal capacity on the date of the funding request;
5. Justify a regular income, greater than or equal to one and a half times (1.5) the SNMG, and domiciled at the counters of the Local Development Bank for non-civil servants.
The amount of Mourabaha vehicle cannot be greater than 3,000,000DA taking into account the nature of the vehicle to be acquired.
No, the vehicle Murabaha management fees are free.
No, the Mourabaha vehicle notification fee is free
Taking into account the current level of the SNMG, the monthly Murabaha Vehicle payment is limited to:
1. 15% of the net monthly income regularly received by the purchaser of the property, when his income is greater than or equal to one and a half times the SNMG and less than or equal to three (03) times the SNMG;
2. 25% of the net monthly income regularly received by the purchaser of the property; when his income is greater than three (03) times the SNMG and less than or equal to six (06) times the SNMG;
3. 30% of the net monthly income regularly received by the purchaser, when his income is greater than six (06) times the SNMG.
1. 15% of the net monthly income regularly received by the purchaser of the property, when his income is greater than or equal to one and a half times the SNMG and less than or equal to three (03) times the SNMG;
2. 25% of the net monthly income regularly received by the purchaser of the property; when his income is greater than three (03) times the SNMG and less than or equal to six (06) times the SNMG;
3. 30% of the net monthly income regularly received by the purchaser, when his income is greater than six (06) times the SNMG.
1. Profit rate: 8.5%
2. File management fees: 0.00 DZD
3. Notification fees: 0.00 DA
4. Penalty on advance payment: 0.00 DZD
2. File management fees: 0.00 DZD
3. Notification fees: 0.00 DA
4. Penalty on advance payment: 0.00 DZD
The duration of the Murabaha Vehicle cannot be less than three (03) months without exceeding sixty (60) months.
A deferred payment may be granted for a period of one (01) month.
A deferred payment may be granted for a period of one (01) month.