Emkan 4.45.1

The Emkan application provides a comprehensive platform designed to meet a wide range of financial needs within a single digital environment. It offers an intuitive and secure experience, enabling users to manage their financial transactions seamlessly.

With Emkan, users can apply for loans entirely online, without requiring salary transfers, simply at the push of a button. The platform caters to a diverse clientele, whether individuals have existing loans or are new to borrowing, and regardless of their employment in the private or public sector.

App Features:

• End-to-end digital process: apply for loans, track requests, sign contracts, execute transactions, and receive funds digitally.
• Multiple loan options: designed to accommodate various financial situations and needs.
• Accelerated approval process: eligibility-based approvals with an automatic flow for quick access to funds.
• Simplified requirements: acceptance criteria include employment in public, private, or military sectors; Saudi nationals and expatriates; minimum salary of 2,000 SAR; no salary transfer required; and no need for a guarantor.
• User-centric interface: streamlined procedures allowing users to modify personal information and adjust loan amounts easily.
• Flexible loan amounts with competitive rates: financing ranges from 2,000 SAR up to 1.5 million SAR.

Despite existing loans, obtaining financing remains straightforward with Emkan’s efficient process.

Personal Finance Options:

Top-Up:

• Repayment periods between 6 and 60 months
• Maximum APR of 13.71%
• Processing fee of 1% of the total loan amount, capped at 5,000 SAR

Example Scenario:

• Interest Rate: 6.1%
• APR: 12.25%
• Tenure: 60 months
• Financing amount: 132,696.78 SAR
• Management Fees: 1,526.02 SAR
• Total Profit: 40,472.51 SAR
• Total Contract Value: 173,169.29 SAR
• Monthly Installment: 2,886.15 SAR

Micro Product:

• Repayment period from 3 to 24 months
• Maximum APR of 41.70%
• Administrative fees: 1% or up to 5,000 SAR of the loan amount

Example Scenario:

• Interest Rate: 6.1%
• APR: 12.25%
• Tenure: 60 months
• Financing amount: 132,696.78 SAR
• Management Fees: 1,526.02 SAR
• Total Profit: 40,472.51 SAR
• Total Contract Value: 173,169.29 SAR
• Monthly Installment: 2,886.15 SAR

Refinance Products:

• Repayment terms from 3 to 60 months
• Maximum APR of 12.35%
• Processing fee of 1% of the loan amount, with a cap at 5,000 SAR

Example Scenario:

• Interest Rate: 2.99%
• APR: 6.8%
• Tenure: 60 months
• Financing amount: 144,863.88 SAR
• Management Fees: 2,515.37 SAR
• Total Profit: 21,657.15 SAR
• Total Contract Value: 166,521.03 SAR
• Monthly Installment: 2,775.35 SAR

  The platform offers many additional features and options for users to explore during their engagement with Emkan.

  The service is headquartered at National Address: 2382 Road92 - Olaya Neighborhood, Unit No. 1 Riyadh 12214-9355. For customer support please contact: 8001240251.