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Is Gulf Bank’s draw system (which is used to choose the winners) manual or automated? Also, is it governed by a set of criteria and conditions?
The AlDanah draw system is fully automated, and yes, it is governed by a set of criteria and conditions.
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Secured Loans
Cash collateral or third party guarantor required. Maximum loan amount up to 90% of the collateral amount at an annual interest rate of 6.5%. Choice of repayment period up to 5 years. Short term loan. No minimum salary requirement. Customers who seek for alternative cash other tha...
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How much can I borrow?
The loan amount that can be borrowed depends on the collateral available linked to your monthly income. Please speak to a representative of Gulf Bank to help you determine the amount you can borrow.
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