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Overview

Eligibility

  • All nationalities resident in the GCC for both salaried and self-employed individuals.
  • For salaried individuals: between 21 years and 58 years of age.
  • For self-employed individuals: between 25 years and 60 years of age.
  • At maturity, borrower’s age must not exceed 60 years or normal retirement age whichever is earlier. In case of self employed must not exceed 65 years.

Features

  • Purchase land
  • Purchase villa / property
  • Construction of a home.
  • Purchase of properties in development projects (title deed waiver available).
  • Purchase of apartments in special projects (title deed waiver available).
  • Loan against property ( Equity Financing)
  • Loan against Land ( Equity Financing )
  • Tenors

    Purpose

    Residential

    Purchase of Land

    Up to 15 years

    Purchase of property

    Up to 25 years


  • Down payment required

    Purpose

    Bahraini National residing in Bahrain

    Other GCC Residents and non- Bahraini residing in the GCC / Bahraini residing outside of Bahrain

    Purchase of Land

    20%

    25%

    Purchase of property

    20%

    25%

 

Benefits

  • Joint borrowing (up to 3 joint borrowers).
  • Minimum salaried income requirement of just BD 350 for Bahraini nationals residing in Bahrain and BD 1000 for Non-Bahraini Nationals. Also, for Bahraini working outside of Bahrain
  • Minimum self employed income requirement of just BD 2000 for Bahraini nationals and other nationalities
  • Highly competitive interest rates.
  • Minimum down payment requirements.
  • Loan amounts reaching BD 350,000 and up to BD 750,000 for high net worth individuals
  • Home and life insurance available.
  • Maximum installment repayment capacity of 61% of applicant’s net income.
  • Partial Prepayment (No penalty charges)
  • Grace period up to 90 days


Special Project

  • Abraaj AL Lulu
  • Amwaj Plaza
  • Tala Island
  • Durrat AL Bahrain
  • Juffair Skyviews
  • Seef Vista
  • LeReef
  • Riffa views
  • Zawyia Land
  • Amwaj Homes
  • Nasma Twers
  • Sraya Al Basateen
  • Porta Reef
  • Peak Tower

 

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