Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Select Bank

Min Salary

Interest/Profit Rate

Other Filters

CLEAR

Bahrain Islamic Bank Property finance

Flat Rate

5.5%

Minimum Salary

BHD 600

Reducing Rate

9.9%

Max Loan Amount

BHD 750000

Down Payment

10%

Repayments Up To

25

Arrangement Fee

0.75%

5.5%

Flat Rate

BHD 600

Minimum Salary

BHD 9.9

Reducing Rate

BHD 750000

Max Loan Amount

10%

Down Payment

25

Repayments Up To

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Ahli United Bank Mortgage Loan

Flat Rate

8%

Minimum Salary

BHD 3000

Reducing Rate

14.4%

Down Payment

10%

Repayments Up To

25

Early Settlement Fee

0.75%

Arrangement Fee

1%

8%

Flat Rate

BHD 3000

Minimum Salary

BHD 14.4

Reducing Rate

10%

Down Payment

25

Repayments Up To

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HSBC Bahrain Basic Mortgage

Flat Rate

7.49%

Minimum Salary

BHD 400

Max Loan Amount

BHD 400000

Down Payment

20%

Repayments Up To

25

7.49%

Flat Rate

BHD 400

Minimum Salary

BHD 400000

Max Loan Amount

20%

Down Payment

25

Repayments Up To

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Ithmaar Bank Mortgage Loan

Flat Rate

3.3%

Minimum Salary

BHD 400

Reducing Rate

5.94%

Max Loan Amount

BHD 500000

Down Payment

20%

Repayments Up To

25

Arrangement Fee

1%

3.3%

Flat Rate

BHD 400

Minimum Salary

BHD 5.94

Reducing Rate

BHD 500000

Max Loan Amount

20%

Down Payment

25

Repayments Up To

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National Bank of Bahrain Home Loan

Flat Rate

3%

Minimum Salary

BHD 350

Reducing Rate

5.3%

Max Loan Amount

BHD 350000

Repayments Up To

25

Early Settlement Fee

0.75%

Arrangement Fee

1%

3%

Flat Rate

BHD 350

Minimum Salary

BHD 5.3

Reducing Rate

BHD 350000

Max Loan Amount

25

Repayments Up To

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What is a Home Loan

Purchasing a house is definitely one of the biggest decision one would take in their lives. The real estate sector is so high that it is not easy to buy a house without getting any financial assistance. Banks provide home loans for individuals who want to purchase a property be it a commercial or residential property.

Features of a Home Loan

Some features of Home Loans in Bahrain are:

  • Bahraini residents and non-residents are eligible
  • Maximum repayment period provided is 25 years
  • Quick and hassle-free processing.
  • Can get finance for both commercial and residential properties.
  • Can get financial for under-construction properties as well
  • Loans are offered on competitive interest rates.
  • Co-applications are allowed.

Benefits of Home Loan

Definitely buying a house is one of the biggest purchases. Apart from providing financial assistance banks also provide some additional benefits on the loans. Like,

  • Can get a free credit card and insurance coverage on the loan
  • During emergencies, you can avail finance of around 80% property value

Eligibility for Home Loan in Bahrain

The eligibility criteria differ with each bank. Some common things that are considered like

  • The applicant must be at least 21 years in order to apply for the loan
  • Salaried and business individuals are eligible
  • Minimum salary required is BHD 350

Documents required for Home Loan in Bahrain

Documents that are required for a home loan differs from each applicant. If you have a existing bank account at the same bank then you need not provide some of the documents. The documents required are:

Salaried Individuals:

  • Passport copy with valid resident visa
  • CPR Card (Not Required for Non-Resident)
  • Salary/Employment verification
  • Last 6 months bank statements

For Self-employed Individuals:

  • Passport with resident visa
  • CPR Card (Not Required for Non-Resident)
  • Last 6 months bank statements

Home Loan Charges

Different kinds of charges are levied on the home loans which varies with each bank. Some common charges are:

  • Processing fee – 0.75% to 1% of the approved loan amount
  • Prepayment fee – 0.75% to 1% of the outstanding amount

Use our Bahrain Mortgage Calculator(calc link) to Calculate the Mortgage Loan Installments.