Home Loan Provided By Ithmaar
Features of Ithmaar Home Loan
- Loan amount of up to BD 500,000 can be availed
- Can avail finance on the basis of a fixed rate
- Repayment period up to 25yrs is provided
- Administration fees charged is 1% of the loan amount
Eligibility Criteria of Ithmaar Home Loan
- The loan applicant should be at least of 21yrs
- Monthly minimum salary of BD 400 - BD 450 is required(varies with nationality)
- For self-employed individuals, a minimum net worth required is BD 2000
- 10%-20% of down payment is required
Ithmaar Home Loan Interest rates
1 Ithmaar Bank Home Loans
Mortgage Loan
Features
- 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
Features
- 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
Benefits
- 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
About Ithmaar
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.
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