BMI Bank B.S.C House Loan in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||BD 100,000|
|Length of Loan||25 Years|
|Profit Rate||starting from 7.37% p.a.|
|Upfront Fees ( if any )||1% single disbursal, 1% phase disbursal; 1.5% debt consolidation/equity release|
|Eligibility||Bank statements (3 months if employed and 6 months if self-employed);|
|Main Features||AChoice repayment options; Can be as big ir as small as required; Credit life insurance|
BMI Bank B.S.C Manama
BMI Bank was launched in 2005 and it is headquartered in Manama, the Kingdom of Bahrain. The bank is a subsidiary of Al-Salam Bank - Bahrain B.S.C.
It carries out its operations through a 10-branch network in Bahrain, and 1 branch in the Qatar Financial Centre in the State of Qatar. It also runs 28 ATMs all over the Kingdom.
BMI Bank B.S.C. provides retail and commercial banking services. These services include: Savings and current accounts;
- Fixed deposit accounts;
- Auto, personal, and property financing services;
- Debit, credit, and prepaid cards;
- Shariah-compliant services;
- Life, and non-life insurance products;
- Remittance services, including telex transfers, demand drafts, and payment orders;
- Credit card payment services; and
- Prestige banking services.
Manama is Bahrain’s capital city and its main economic nerve center. As at now, it is populated by approximately 157,000 inhabitants. It is a principal trade center in the Persian Gulf and the Kingdom of Bahrain.
After epochs of Portuguese and Persian domination and sporadic invasions from Arabian and Omani dynasties, Bahrain attained its freedom from these colonialist forces.
Over time, Manama has finally evolved into a choice commercial stronghold in Bahrain and its gateway. Bahrain's petroleum revenues have fueled its rapid expansion. Two decades ago, a diversification plan brought about an expansion in other industries and helped to mould Manama into a preferred investment destination in the region.
BMI bank believes in your personal goals and dreams in life, including your dream house. This is why we have tailored our house loan to give you the financing key to that home you have always envisioned.
Main features and benefits:
- Highly competitive profit rates;
- Low processing fee;
- Lower down payment;
- Flexible repayment period of 30 years ; and
- Quick approval with easy processing;
Requirements and eligibility:
- A copy of CPR ;
- A passport with a valid resident permit and visa –for aliens;
- Latest original salary certificate;
- Latest original salary slip;
- Commercial Registration (CR) copy for those applicants who are self- employed; and
- Bank statements: 3 months for employees and 6 months for the self-employed applicants.