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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 25 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 Loan

      20%

      25%

      Equity Financing

      80%

      75%

       

       

      Benefits

      • Joint borrowing (up to 3 joint borrowers).
      • Minimum salaried income requirement of just BD 350 for Bahraini nationals residing in Bahrain and BD 700 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

      • Tilal Towers
      • Durrat Al Bahrain
      • 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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