• Low deposit requirement
• No monthly admin fees
• Fixed monthly instalments with an annual review
• Option to pay in a lumpsum annually 
• Access to equity on freehold property
• Flexible term up to 30 years

Initial once off administration fee

Instalments and terms are customised and reviewed annually, according to your income and equity, as well as Al Baraka’s current finance requirements.

You will require the following documentation to apply:

• Proof of address, not older than 3 months, for the verification of your residential address
• Bar-coded Identity Document or Smart ID
• Proof of income
• Last 3 months’ salary confirmation (salaried individuals)
• Latest annual Financial Statements / Income Tax Return (non-salaried individuals)
• Last 3 months Bank Statements
• Signed statement of personal Income and Expenditure
• Signed statement of personal Assets and Liabilities (in joint name if married in community of property)

Click here to view all acceptable forms of proof of address required to open an account

Click here to apply now

Click here to track my online application

Up to 30 years repayment term with no monthly admin fees. Fixed rate for 12 months with annual review and an option of lump sum repayments at that time. No penalties for early settlements and discounted attorneys bond registration fees