Salaf سلف: A Shariah-compliant loan app for Android
Salaf سلف is a new loan app for Android that offers a fully Shariah-compliant loan experience. It is developed by Alsulaimgate and is available for free. The app is designed to comply with the regulations of the central bank and offers loans of up to 25K SAR.
One of the main features of Salaf سلف is the flexibility it offers in repayment periods. The minimum repayment period is 3 months, and the maximum is 18 months. The maximum Annual Percentage Rate (APR) for a loan is 87.99%, which is applicable for a 12-month loan.
Salaf سلف also has a comprehensive privacy policy that discloses the access, collection, use, and sharing of personal and sensitive user data. The app provides a representative example of the total cost of the loan, including all applicable fees, such as processing fees and VAT.
If you are looking for a Shariah-compliant loan app for Android, Salaf سلف may be worth considering. It offers flexible repayment periods and a comprehensive privacy policy, and is developed by Alsulaimgate, a trusted name in the industry.
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