HSBC Bahrain Basic Personal loan

hsbc-bahrain Bank

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Basic Personal loan

Minimum Salary

BHD 500

Flat Rate

6.66%

Reducing Rate

11.99%

Loan Amount

BHD 25K

BHD 500

Minimum Salary

6.66%

Flat Rate

11.99%

Reducing Rate

BHD 25K

Loan Amount

Features

  • Maximum tenure of 7 yrs is provided
  • Both expats and Bahrainis are eligible
  • Applicant must be between 21-60 yrs
  • Interest rates start at 6.66%
  • A minimum salary of BHD 500 is required
  • Maximum finance of BHD 25,000 is provided

Benefits

  • Provides HSBC current account
  • No minimum balance requirement on the current account provided
  • Less paperwork

Frequently Asked Questions

Q. Can I postpone my monthly installments?

A. Yes. But BD 10 is charged for postponing the installments payment.

Q. Other than postponement charges are there any other charges levied?

A. Yes. 2% of the penalty interest is charged on the overdue amount.

HSBC Bahrain

Being one of the world’s largest banking and financial organizations HSBC provides retail banking, wealth management, commercial banking, global banking and market to over 38 million customers all over the world. It has its presence in 66 countries and territories in Europe, Asia, Middle East, Africa, Latin, and North America.