National Bank of Bahrain BSC House Loan in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||BHD 350,000|
|Length of Loan||25 years|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||1% of the finance amount|
|Eligibility||For Bahraini nationals|
|Main Features||You can also combine your income with your spouse's income and avail bigger loans at competitive interest rates;|
National Bank of Bahrain
The National Bank of Bahrain is one of the oldest local banks in Bahrain. The bank was established in the year 1957 and it is Bahrain’s first locally owned Bank. From that time, NBB has blossomed to become the country’s leading lender of retail and commercial banking services.
It has a lion’s share of the gross domestic commercial banking market, and the largest network of 26 branches and 59 ATMs.
The Bank continues to diversify and develop capacity to capture on business opportunities in the Gulf region and international markets as well. NBB is publicly listed on the Bahrain Stock Market. At the moment, 51% of its shares is owned by private investors, most of them Bahrainis, and 49% by Bahrain Mumtalakat Holding Company, which is completely owned by the Government of of Bahrain.
Manama is the capital city and principal mercantile center of Bahrain. Currently, the city’s human population stands at an estimated 157,000. Manama is a chief and ancient trading hub in the Gulf region.
In the 19th century, Bahrain finally wrested its freedom from the domination of foreign forces and in particular the Portuguese, Arabians and the Omanis.
Following Bahrain’s independence, Manama has experienced a steady and promising rise to become a choice commercial destination in Bahrain and the Middle East region as well. Due to the rich availability of Petro-dollars, its economy has been rising rapidly with a monumental diversification that is transforming all its other industries.
We at the NBB do believe in the sanctity of your rights as a human being. And a decent shelter is one of those rights and with this in mind we have tailored our house loan to suite and meet this vital need in your life.
Features and benefits:
- Longer repayment periods of up to 25 years;
- You can merge your income with that of your spouse and get a bigger loan at highly competitive rates;
- Bigger borrowing amounts of up to BD 350,000; and
- You can use loans to buy new house, land for construction ,renovation and expansion of the existing property;
- Needs to be a Bahraini;
- Be employed by organizations approved by NBB.