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Determining Loan Amount

• The loan amount depends on several factors
• Identifying the item and its price (car, house, trip, wedding costs, etc.)
• Assessing the borrower's available repayment source (income)
• Ability to repay (subtracting other obligations from income, like rent, tuition)
• Lender's conditions and instructions (funding rate, repayment period, interest rate, etc.)
• Awareness of any existing obligations on the borrower (other loans)

Loan Funding Rate

• Represents the contribution of both borrower and lender to secure the loan amount
• Example: If a car costs 10,000 dinars, the lender might offer an 80% loan (8,000 dinars). The borrower must cover the remaining 20% (2,000 dinars).

Collateral

• Material and moral assurances the lender demands from the borrower to confirm their commitment and intention to repay.

Repayment Period

• The agreed-upon timeframe for loan repayment between borrower and lender.

Interest Rate (Commercial Banks)

• The added percentage the lender receives from the borrower on the initial loan amount.