This is an opportunity for a customer to request, for whatever reason, a break in repaying his/her loan.
Terms and conditions This service is available on all Al-Mawarid Bank loans (though not credit cards or overdrafts) and must be requested at least 24 hours before maturity of the specific loan bill. Applicants must have good credit history and must have met, in full and on time, the previous six monthly bill payments on the loan. Customers who qualify for this service are entitled to two payment breaks per year, each one for two monthly payments.
Charges For each payment break the bank will charge a flat fee of $25 as well as interest on the deferred bill and deferred period