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Loans


Personal Loans
The Bank has the pleasure to announce the offering of personal loans which normal customers or payroll subscribers to benefit and borrow 3 to 15 times as much as the salary contracted with the employer. This borrowing results in interest considered to be the lowest. To be eligible to this service, you have to meet some guarantees as follows:
1.       Agreement between the Bank and who works with employee to organize the relationship between them.
2.       To be guaranteed by two workmates.
3.       To transfer the salaries of the loan-taker and his two workmates.
4.       To guarantee repayment by those who don't receive their salaries through the bank, they have to provide landed security or guarantee in kind.
 
The long term for repayment extends to 36 months, allowing you to fulfill the objectives.
 
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Alhasan Loans
This is a non-interest loan available to all normal customers or payroll subscribers. The Bank offers 4 times as much as the salary of the beneficiary in light of the contract signed between him and the employer. This loan enables you to make your dream come true; you can buy furniture, home appliances or whatever.
 
The benefit of such loans is that no interest is due out of borrowing. The purchase should be in cash, and the Bank will buy these things on behalf of the customers. Then the borrower pays in installments from his salary.
 
Every customer is entitled to such a service if he meets the following requirements:
1.       To sign an agreement between the Bank and the employer to arrange the relation.
2.       to be guaranteed by two workmates.
3.        to transfer the salaries of the loan-taker and his two workmates.
4.       to guarantee repayment by those who don't receive their salaries through the bank, they to have provide landed security or guarantee in kind.
 
 
Car Loans
Now it is your chance to own the car you have dreamed about for long. The Bank helps you realize such a dream. This service is available to all normal customers or payroll subscribers who can benefit and borrow as the salary contracted with the employer states. The repayment period can extend over a period of five years once the following requirements are met:
1.       To sign an agreement between the Bank and the employer to arrange the relation.
2.       to be guaranteed by two workmates.
3.       to transfer the salaries of the loan-taker and his two workmates.
4.       The least salary acceptable mustn't be less than YR 150000 or the equivalent.
5.       The beneficiary must pay 25% of the car.
6.       The car together with the insurance policy will belong to the Bank.
7.       to guarantee repayment by those who don't receive their salaries through the bank, they have to provide landed security or guarantee in kind.
 
Urgent Loans
This service given by the Bank to the payroll subscribers enables them to have cash advances running up to 3 times as much as their salaries even if they have borrowed money from the Bank. The repayment period extends to six months.
The nature of such loans is to help the customers to face urgent matters and not to be involved in high interest loans. The requirements are as follows:
1.       To sign an agreement between the Bank and the employer to arrange the relation.
2.       to be guaranteed by two workmates.
3.       to transfer the salaries of the loan-taker and his two workmates.
 
 
Study Loans
Finally, you can achieve your education attainments without further concerns. YCB is pleased to announce about its plan to facilitate the tasks for education seekers at home or abroad (Malaysia). If you are one of the Bank's normal customers or payroll subscriber, you can get a loan 4 times as much as your salary. Once you find the school to study in or their agent in Yemen, the bank will arrange for the payment.
Such loans are without interest, the payment period extends over twelve months.
 
You can enjoy such a privilege when the following items are met:
1.       To sign an agreement between the Bank and the employer to arrange the relation.
2.       to be guaranteed by two workmates.
3.       to transfer the salaries of the loan-taker and his two workmates.
4.       to guarantee repayment by those who don't receive their salaries through the bank, they have to provide landed security or guarantee in kind.
 
 
Monthly Cash advances
Only if you are payroll beneficiary, you are entitled to a distinguishing service: the Bank is pleased to announce its readiness to help those employees in trouble. If he/she or one of their relatives is sick, they are entitled to a loan which doesn't exceed 50% of their salary, and is due when salaries are deposited.
 
For further information on the service, you may call the Bank free-toll at 800-8000 or visit our local YCB branch.

   
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