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Social Housing Financing Scheme

In partnership with, Ministry of Housing & Urban Planning and Eskan Bank, BBK supports Bahraini citizens in achieving their homeownership goals through tailored mortgage solutions. Benefit from competitive financing rates, flexible repayment options, and a seamless application process designed to make owning your dream home simple and accessible.

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Benefits

Documents required for the Social Housing Financing Scheme

What are people asking?

What is Eskan Social Housing Financing Scheme?

Is a government – supported financing scheme for eligible Bahraini citizens. It is administrated through Ministry of Housing and Urban Planning and Eskan Bank with financing provided through participating Banks.

Who can qualify for Social Housing Financing ?

For the current schemes listed by Eskan, the basic requirements include the following:

  • Bahraini Citizen
  • Head of House Hold
  • Age between 21- 45 years
  • Monthly income ranges between BD 600 – BD 1200
  • Applicant or immediate family have not previously benefited from Housing services offered Ministry of Housing and Urban Planning and Eskan Bank.
Can I have a second mortgage on the property?

Yes – Additional financing up to 115% of the property value

Can I use the additional financing to settle my obligations with another bank.

Second mortgage can be utilized for the down payment. Any additional funds can be used to consolidate all your loans/liabilities or for furnishing.

How soon I can get my application approved?

Approvals are provided within three (3) working days upon submission of complete requirements.

What happens if I decided to work outside Bahrain during the financing period?

You must immediately inform BBK so we can review your financial details. Afterward, we will advise you of the next steps of the process depending on our evaluation.

Would I own the property during the financing period?

Yes, you own the property, but it is mortgaged in favor of BBK until you finish paying the full loan amount.

When is the salary review scheduled for my financing?
  • For Mazaya /New Mazaya – Every two years
  • For Tasheel / Tasheel Plus  – no salary Review is required

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