Standard Chartered Bank House Loan in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||High loan amount up to 80% of property market value|
|Length of Loan||25 years|
|Profit Rate||APR as low as 6.5%|
|Upfront Fees ( if any )||Not mentioned|
|Main Features||Free Credit Card; Loans for salaried, self-employed and professionals; Mortgage loan for Apartments and Villas|
Standard Chartered Bank
Standard Chartered Bank is one the largest global banks with over 1700 branches worldwide in over 70 countries. With its base in the U.K, the bank’s core focus is on its retail products in international markets including the Middle East and Africa. The bank was founded as a result of a merger between Standard Bank and the Chartered Bank in 1969. In the Middle East, the bank has focused on developing personalized banking services to ease their clients banking experience. Such services include online banking technologies as well as an online loyalty program to reward customers for their loyalty to the bank.
Manama is the largest city in Bahrain. As its capital, it was established as one of the main trading centres in the Persian Gulf. Its twin city, Muharraq, (so named as the two were founded virtually at the same time) was long considered to be the capital of Bahrain until 1921, when Manama took the title. With a population of approximately, 157,000 people distributed over a 30 km2 area, Manama’s population is known to be very diverse. Recognized as one of the most important Arab cities in the Gulf region, the city was, in 2012, designated as the capital of Arab culture for the year.
The loan option offered by Standard Chartered Bank-Bahrain is one of the best loan options available to help one secure a home. Whether you are looking to purchase an apartment or a villa, you can be sure to get the financing you require via the mortgage loan option provided by SCB, Bahrain. The loan option allows one to borrow amounts up to 80% of the proposed property value. Moreover, the loan is available to both salaried and self-employed professionals. With competitive interest rates starting as low as 6.5%, this loan product also has a long repayment period of 25 years. All eligible individuals for this loan option are also eligible for a free credit card.