The Alternative Finance Hajj Financing Plan allows you perform Hajj with a flexible payment plan, helping you fulfil your desire to make this journey. This helps you achieve your Hajj plans without the burden of cash flow.
The Prophet (peace and blessings of Allah be upon him) said: “Hasten to do Hajj – meaning the obligatory Hajj – for none of you knows what will happen to him.” Narrated by Imam Ahmad (may Allah have mercy on him), 1/314; classed as hasan by al-Albaani in Irwa’ al-Ghaleel, 990.
With 50% down payment, you can make the pilgrimage to Makkah and spread the balance payment across 24 Months.
To get started, you would require an Alternative Finance account. If you have one kindly proceed to filling the required forms, if you do not have an Alternative Finance account kindly click the link below to open one.
1 Guarantor who must be a senior colleague at work for officers below mid-management grade level or minimum of a mid-level professional for self-employed individuals (e.g. Banker, lawyer, doctor, engineer, accountant, etc.)
1. Security deposit of 50% of Hajj Fare due on or before end of Ramadan 2. Maximum of 24 months starting in the month immediately after Hajj. 3. Credit life insurance put in place by the Bank to secure uncleared debt against customer in the event of death. 4. 14% (flat) per annum rental on cost of Hajj package. 5. Choice of Hajj Operator must be NAHCON licensed. 6. Cost of Hajj Package not exceeding N4million 7. Proposed financing Tenor not exceeding 24 months post-Hajj.