Home Loan Provided By Bahrain Islamic
Features of Bahrain Islamic Home Loan
- Maximum finance provided on residential properties is BD750,000
- Processing fees of 0.75% of the loan amount will be charged
- Maximum repayment provided is 25 years
- Salary transfer is required
Eligibility Criteria of Bahrain Islamic Home Loan
- The loan applicant must be at least 21 years old
- The loan applicant must have salary ranging between BD 600-BD 2,000 (depends on the applicant's profile)
- Debt Service Ratio(DSR) should be around 65-70%
Bahrain Islamic Home Loan Profit Rates
1 Bahrain Islamic Bank Home Loans
Property finance
Features
- Maximum tenure provided is 10-25 years(varies with the applicant’s profile)
- The applicant must be 21-60(females), 65(males)
- Minimum length of work required is 1 year for salaried individuals and 2 years for self-employed individuals
Features
- Maximum tenure provided is 10-25 years(varies with the applicant’s profile)
- The applicant must be 21-60(females), 65(males)
- Minimum length of work required is 1 year for salaried individuals and 2 years for self-employed individuals
- Debt Service Ratio(DSR) should be below 65% for applicant’s with monthly income below BD 4000 and 70% for monthly income above BD 4000
- Minimum income required is BD 600 for Employed Bahraini Nationals
Minimum income required is BD 1,000 for Employed Joint Bahraini Nationals
Minimum income required is BD 800 for Employed Non-Bahraini Nationals
Minimum income required is BD 1,500 for Employed Joint Non-Bahraini Nationals
Minimum income required is BD 2,000 Average Deposit for Self Employed - It is required to transfer salary to BisB account
- Maximum finance of BD750,000 (Residential) and BD1,000,000 (Investments) is provided
- 0.75% of the loan amount will be charged as processing fees
Benefits
- Provides finance for residential and commercial properties
- Can re-finance owned property
- Low processing charges
About Bahrain Islamic
BISB is the first Islamic bank in the kingdom of Bahrain and has played a pivotal role in excelling Islamic banking industry. Established in 1979, BISB provides retail, corporate and other banking services to the customers.
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