ONE App launches an exclusive offer on digital car financing with competitive profit rates

The ONE application, Al Salam Bank’s comprehensive financial application, announced the launch of a special offer on the occasion of the holy month of Ramadan on the “Digital Car Finance” service, which allows customers to apply for financing to purchase new and used cars in a completely digital manner, without the need to transfer a salary or visit any branch, and with competitive and exclusive profit rates during the offer period.

This offer confirms the application’s keenness to provide flexible and easy financing solutions that meet customers’ needs during the holy month of Ramadan. According to the terms and conditions, new car financing provides an annual profit rate (APR) starting from 5.1%, while the annual profit rate for used car financing starts from 6.99%. The offer also provides a grace period of up to 6 months, with the possibility of financing up to 100% of the car’s value for new cars and 75% for used cars, with a repayment period of up to 7 years.

The Holy Month of Ramadan offer on digital car financing through the ONE application is one of the most prominent offers available in the market during this period, as it combines competitive rates with an integrated digital experience, from submitting the application to obtaining rapid approval, without paper transactions or salary transfer requirements.

On this occasion, Mr. Haitham Al-Haddad, General Manager of the ONE application, said: “In the ONE application, we are keen to provide digital financial solutions that are in line with customers’ aspirations and renewed needs, and the Ramadan offer on digital financing for cars comes as an affirmation of our commitment to providing exclusive benefits and competitive profit rates that give customers the opportunity to benefit from flexible and fast financing solutions during this blessed period. We invite customers to use the ONE application before making a commitment decision, as it provides ease, speed, and an integrated digital experience without the need to To transfer salary or visit the branch.

It is worth noting that the Holy Month of Ramadan offer is available to Bahraini and resident employees, and can be used via the ONE application in simple and quick steps. The application invites those wishing to obtain car financing at competitive rates to apply now and benefit from the special offer before the end of the campaign period.