Posted by: islamicfinancingnews | June 18, 2014

Here’s what you’ll need to apply for islamic loans usa

Although getting an ijara loans product will keep you safe from riba, there are many similarities between Western-style conventional loans and Islamic loans USA products. When you’re going to apply for either, it’s a good idea to take a look at the following checklist of the information you’ll need to get preapproved.

• Two year’s worth of tax returns. It doesn’t matter which variety of loan you’re looking to get, any lending company will want to see you have a stable work environment and that you in fact have been paying checklistyour taxes and don’t pose an undue risk for repayment.
• Verification of your job. A bank or other kind of financial institution will also want to be sure you have a stable job and here they’ll want written verification.

If you’re lucky enough to have a relative or friend helping you out with the down payment, you’ll need a gift letter stating at least a portion of the money you’re putting towards your Islamic loans USA doesn’t need to be paid back to your benefactor. Don’t forget to include the most recent pay stubs from your employer.





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