Kuwait Finance House (Bahrain) B.S.C. House Loan in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||Not mentioned|
|Length of Loan||25 years|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||Not mentioned|
|Main Features||Real Estate financing is also available at KFH-Bahrain through Murabaha|
Kuwait Finance House
Kuwait Finance House, established in 1977 is one of the leading financial institutions in the state of Kuwait. With a significant presence in a number of international countries, the bank’s focus is on developing financial products that meet their clients’ unique needs. Moreover, the bank has expanded on a local level to include 52 branches throughout the state of Kuwait with special sections reserved for ladies. The bank is also known for integrating the latest technologies to improve service delivery. This includes the use of SMS, internet as well as phone service technologies such as Allo Baitak. In 2014, the bank was recognized as the best Islamic bank by the CPI Financial institution.
If you are planning a trip to Manama, the capital of Bahrain, there is plenty for you to see. With a population of about 157,000 people, the city was known as the capital of Arab culture for the year 2012. As such, there are plenty of attractions to help you embrace Bahraini culture. The top 3 attractions to see include the Mezzaluna, Bahrain National Museum and the Al-Fateh Mosque. The sophisticated Mezzaluna restaurant offers one of the best international menus in Bahrain with an equally excellent wine list. The Bahrain National Museum is the best place to learn about the history and culture of Bahrain while the Al-Fateh Mosque is probably the best place in the country for interested visitors to learn about Islam.
The house loan option provided by Kuwait Finance House (Bahrain) offers the bank’s customers a 25 year loan option that is 18 years longer than the currently existing house loan scheme under Murabaha. Some of the required documents that customers need to present to apply for this loan option include copies of their identification, a recent salary certificate as well as a salary transfer letter and an account statement that dates back three months. Upon providing these documents, clients will also be required to present a quotation of the proposed property as well as a physical description so that the bank can purchase it. The property is then rented back to the client and once all payment dues owed to the bank are paid, the property is transferred to the intended client.