National Bank of Bahrain Flexi credit

national-bank-of-bahrain Bank

WarningMessage This product is valid by the Bank

Flexi credit

Minimum Salary

BHD 500

Flat Rate

3%

Reducing Rate

5.4%

Loan Amount

BHD 10K

Early Settlement Fee

1%

BHD 500

Minimum Salary

3%

Flat Rate

5.4%

Reducing Rate

BHD 10K

Loan Amount

1%

Early Settlement Fee

Features

  • Maximum tenure provided is 1 year
  • Only Bahraini nationals are eligible
  • Flat rate of 3% and reducing rate of 5.4% is charged
  • Minimum salary of BHD 500 is required
  • Maximum loan amount provided is BHD 10,000 or 10 times the monthly salary(whichever is lower)

Benefits

  • Can avail loan renewal facility
  • Can get insurance for the loan

Frequently Asked Questions

Q. What are the charges for renewal of the loan?

A. BHD 30 is charged each time for renewal of the loan.

Q. Can I extend the credit limit provided?

A. Yes. BHD 30 is charged for credit limit extension.

Q. What are the charges for insurance?

A. BHD 0.258 p.m./per 1000 is charged for insurance.

National Bank of Bahrain

NBB was established in 1957 and is the first locally owned bank in Bahrain. With its steady growth, NBB has developed 25 branches and 61 ATMs and stood as the leading provider of retail and commercial banking services. Their services include personal banking, business banking etc.,