FAQs

Personal Accounts

Saving Account (Aman). Current Account – Individuals Saving Account (Redha’a) Deposit Account – Individuals Saving Account (Bara’em)

ATMs CAC Mobily CAC OnLine CAC POS Cards

American Express Cards Visa Cards CAC Cards Uonion Pay Cards

Corporate Accounts

Current Account - Corporate Fixed Deposits – Corporate

Direct Credit Facilities E-Banking Integrating Youth Graduates Greenhouse Financing Indirect Credit Facilities Lady's Package Loans

Personal Loan My Salary in Advance House Lighting Loan Eid Loan

Mobile-Money Wallet

Mobile-Money Wallet for Customer Mobile Money Wallet for Corporate/Merchant Mobile Money Wallet Application Privacy Policy

Money Transfer

Speed Money Transfer Speed Mobily Service Western Union Ria Money transfer

Rahal Package Shahd Services Package Financing Small Farmers Financing Solar Irrigation Pumps Student Banking Package Private Banking Package VIP

FAQs

What are the required guarantees to obtain the finance?

All or some of the following guarantees: (that cover the value of the granted finance to customer and also subject to the policies and decision of the Agricultural Credit Committee)

A commercial guarantee from a merchant that have an account with CAC Bank.
A guarantee from funds or entities that may nominate the farmer to have the finance. (or less if the guarantee is supplementary).
Guarantee a deposit in the bank. (or less if the warranty is supplementary).
Partial guarantee for those employees who receive their salaries through our bank not exceeding 50% of the net salary. (or less if the guarantee is supplementary).
For short term finances reached to 2 years, gold mortgages must equal to 150% of the value of the finance as approved by the Agricultural Credit Committee. (or less if the guarantee is supplementary).
A property located in a provinces’ capital that covers at least 120% of the value of the required finance, (or less if the guarantee is supplementary).

Is the finance subject to Islamic or traditional roles?

It depends on applicant request; the finance is flexible and can be made in a traditional or Islamic way.

How much does the bank charge for the finance?

Banking tariffs (10% - 11%), in which 50% of finance are borne by the Agricultural and Fisheries Promotion Fund and 50% by the beneficiary.

How long does it take to grant the finance?

If the customer presented all required guarantees, the finance will be preceded within only two weeks.

Is it possible to get the finance by presenting the academic record instead of graduation certificate?

Yes, finance can be granted by using the academic record in case of the graduation certificate is not ready.

What are the fields of financing in the integration of young graduates’ program?

According to the scope of the graduate person in any agricultural field (agriculture or industry).

How long does the finance of the integrating young graduates program?

According to the feasibility study of the project.

Should customer submit a feasibility study for getting the finance?

Yes, in case the finance is less than YR5 million a feasibility study must be provided and the bank's Lending Officer reviews it. If the finance amount is greater than that, the feasibility study should be prepared through a specialized consultant office.

Where can I apply for finance?

At the nearest branch or office to the customer.

What are the required documents to obtain the finance of integrating young graduates program?

(Application form according to the approved form - original ID card - graduation certificate or academic record - price offers)