Saudi Hollandi Bank has launched a new Shariah-compliant product, known as Ready Cash, to offer its customers flexible repayment options and usage.
Touted as the first-of-its-kind product in Saudi Arabia, the new product has been designed to enable funding based on each customer’s needs as well as empower customers to manage their finances with flexibility.
Saudi Hollandi Bank head of retail assets Bander Al-Samman Bander Al-Samman said: "Ready Cash will appeal to a wide range of customers, including employees from both the government and semi-government sectors who need fast and flexible access to financing solutions.
"Ready Cash enables customers not only to obtain a fast access to financing but also provides a full flexibility to select a repayment option that suits their financial circumstances and all with no early repayment charges.
"Applications can be made online through the SHB website, call centre or by visiting one of SHB nearby branch."