e-Mousawama is a credit card based on Mousawama financing exclusively at RadioShack shops with the following benefits:
Financing Currency: US Dollars
Financing Amount: Between $300 and $15,000 (not revolving)
Purchase Limit: Card Limit
Cash Withdrawal: Not available
Usage: Exclusively at RadioShack shops
Payment Terms: Clear, equal monthly installments at a known profit to the Bank
Financing Period: Minimum 12 months, Maximum 48 months
Monthly Payment: Monthly installment amount
Down Payment: No downpayment
Cost: 5% on each financing per year, 0.41% on each financing per month
File Fees: No fee for the first year, then $50 (represented as cost of card, renewed annually at $25)
- If the cardholder chooses to renew his limit, the cost of card is $50.
- The renewal fee is $25 if the cardholder decides to renew his card to continue using his existing limit.
- - Guarantor
- Salary Domiciliation
- Time deposit/investment account
- If the financing amount is $1,500 or less: Salary domiciliation and Guarantor not required (requirements determined on a case by case basis)
Nationality: Lebanese or resident in Lebanon
Age: Between 21 and 59 years (client's age should not exceed 64 on last installment date)
Minimum Salary: $600/month (or LBP equivalent)
Income: Client must have a permanent source of income, be employed in a company known to the Bank for at least 2 years.