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Features

Comprehensive car insurance from Motor Secura.
Competitive interest rates.
Decent repayment periods.
Option to deduct payment automatically from your account
0% down payment available.
Indicative APR (Annual Percentage Rate) of 4.18%, calculated on a financed amount of BD 10,000 over seven years.
Leasing Finance Scheme for Car Loan Facility

Benefits

Fast application and approval.
Flexible payment terms of up to seven years.
Available for purchase of new or used cars.
Financing for up to 100% of the vehicle value.

Eligible for

Legal business entities incorporated in Bahrain.
All residents in Bahrain, regardless of nationality (must present a residence permit valid for at least three months).
Salaried individuals from 21 to 55 years old.
Self-employed individuals between 25 to 55 years old.
Bahraini nationals with a minimum monthly salary of BD 200.
Non-Bahraini residents with a minimum monthly salary of BD 300.
Minimum three months of employment for salaried individuals.
Minimum monthly income of BD 1,000 for self-employed applicants.

Documents Required

Original CPR/Smart Card and passport
Valid driver’s license
Original salary certificate
Three most recent payslips
Duly-signed car transfer form
Promissory note
Dealer/Seller Quotation
Letter of undertaking for salary transfer
An indemnity or third-party guarantee for non-Bahrainis
Bank statements for the last three months for non-BBK customers.

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