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BBK, Bahrain’s pioneer in retail and commercial banking, has announced a special offer to finance the purchase of villas in the Deerat Al Oyoun residential project at a competitive interest rate of 3.25%, with no down payment, no administrative or evaluation fees, and an additional loan of up to 15,000 dinars for furnishing.

This financing offer is exclusive to BBK customers who want to buy and own residential villas in the third and fourth phases of the “Deerat Al Oyoun” project, where over 1,000 housing units have been made available to citizens who meet the requirements of the “Mazaya” social housing program.

The bank has participated in the roadshow organized by Diyar Al Muharraq at the site of the project where customer service representatives can provide a more detailed explanation to customers interested in purchasing their dream home, of the unique benefits of this special financing offer.

Dr. Adel Salem, General Manager of Retail Banking Division at BBK commented: “This new financing offer has been designed based on the bank’s long-standing experience in providing mortgage financing services in the Kingdom of Bahrain in order to meet the aspirations of many of the Bank’s valued customers of owning the house of their dreams. This is achieved by offering them with an integrated package that includes not only the purchase of the property but also the furniture, hence providing them and their families with the utmost comfort and stability.”

Dr. Salem stated that BBK’s launch of this financing offer is part of the bank’s partnership with the Ministry of Housing and the Eskan Bank, maintaining an excellent track record and following the success of the first and second phases of the “Deerat Al Oyoun” development project.

“BBK is keen to continue its active participation in supporting the government’s outstanding housing efforts. We applaud the Ministry of Housing and Eskan Bank for continuing to provide Bahrainis interested in purchasing housing units with a diverse range of options.” Dr. Salem said.

The “Deerat Al Oyoun” development project is located in the heart of Diyar Al Muharraq and includes 3000 housing units that are connected through a developed infrastructure and linked to a variety of public facilities. All of the villas were built in collaboration with the Ministry of Housing and the Eskan Bank for Mazaya Finance beneficiaries.

For more information on purchasing a property at the Deerat Al Oyoun project, please call 17207777 or visit the BBK roadshow stand at the project site in Diyar Al Muharraq.