ONE App, powered by Al Salam Bank, has announced the launch of a new and innovative service called ‘Finance Transfer’, enabling clients to apply for personal finance while transferring their financial obligations from other banks to Al Salam Bank – all through a fully digital experience.
This launch marks another milestone in ONE App’s ongoing digital transformation journey in the banking sector.
The new service allows Bahraini employees across all sectors to apply for personal finance of up to BD40,000 with flexible repayment tenors of up to seven years, through a simple and seamless process via the app.
Clients can also settle their existing financial obligations with other banks within the same application, offering greater convenience in managing finances under one platform, and at competitive rates.
‘Finance Transfer’ stands out as one of the latest additions to ONE App, which now offers a comprehensive suite of banking products and services designed to meet clients’ everyday needs. The service also enables clients to settle their existing liabilities while cashing the remaining liquidity over the value of the liability, reflecting ONE App’s commitment to delivering streamlined and integrated financial services.
Commenting on the launch, ONE App general manager Haitham Al Haddad said: “At ONE, we continue to innovate in order to deliver digital solutions that elevate the client experience and equip them with financial tools to achieve both their personal and financial goals. The ‘Finance Transfer’ service was developed to offer a holistic solution for managing existing and new financial obligations, while benefiting from the personal financing options available through the app.”
He added: “We believe in simplifying day-to-day financial transactions and providing practical, fast, and accessible solutions that promote financial inclusion and save clients time and effort. With this new service, we enable our clients to settle their financial commitments with greater ease and flexibility while accessing high-value financing and extended repayment plans, tailored to their lifestyle and future aspirations.”
This launch reflects ONE App’s strategic direction in offering more advanced digital solutions aimed at integrating banking services seamlessly into clients’ daily lives – particularly in response to the growing demand for fast, easy, and flexible digital financing.
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