Top Home Loans
Ithmaar Bank Mortgage Loan
- Can avail finance on fixed rate basis on Morhaba finance
- Maximum tenure provided is 10-25yrs(varies with the applicant’s profile)
- 1% of the loan amount is charged as administration fees
- Applicants must be minimum 21yrs
- Minimum salary required is BD 400(Bahraini applicants) and BD 450(Non-Bahraini applicants)
- Minimum net worth required for self-employed individuals is BD 2000
- Maximum finance provided is BD 500,000
- Minimum 10%-20%(varies with the applicant’s profile) of down payment is required
- Provides Shariah-compliant ijarah finance and Morhaba finance
- On Ijarah finance can avail free home cover from Solidarity
- Free content cover for one year of coverage BD 10,000 on Ijarah finance
Frequently Asked Questions
Q. Do I get life insurance?
A. Yes. Life Insurance based on takaful insurance can be availed.
Q. Is finance provided for commercial properties as well?
A. Yes. You can get a mortgage for buying commercial properties as well.
Q. How many months bank statements are required for self-employed applicants?
A. For self-employed applicants latest 6 months bank statements are required.
Q. How many months bank statements are required for salaried applicants?
A. For salaried applicants latest 3 months bank statements are required.
Ithmaar Bank is a Bahrain based Islamic bank regulated by Central Bank of Bahrain providing services like commercial banking, treasury, and financial institutions and other banking services. Ithmaar provides a variety of Shari’a compliant products and services that serve financial and investment needs of the customers.