Standard Chartered Bank Personal Loan in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||Up to BD70,000 for Bahrainis and BD40,000 for expatriates|
|Length of Loan||Up to 7 years for Bahrainis and 5 years for expatriates|
|Profit Rate||Annual Percentage Rate (APR) as low as 6.1% for Bahrainis and 9.5% for expatriates|
|Upfront Fees ( if any )||Not mentioned|
|Main Features||Your loan amount is insured for the duration of your repayment period; Take-over Facilities; Top-up Loans|
Standard Chartered Bank
Standard Chartered Bank is a universal bank with focus on retail and corporate products as well as investment and treasury services. While the bank has its main headquarters in the United Kingdom, its retail banking is focused on its international markets i.e. Asia, Africa and the Middle East. The bank has over 1700 branches all over the world spread throughout more than 70 countries including the Kingdom of Bahrain. The Bahrain branch has won a number of awards over the years. For example, the bank was recognized as the best retail bank in the country in 2014 as well as the bank having the best credit card product in the Middle East in the same year.
Manama, Bahrain’s vibrant capital is full of attractions and sites that any tourist would love to see. Individuals in love with history and culture would be more inclined to visit the Bahrain National Museum, located close to the King Faisal Highway, whose artifacts cover approximate 6000 years of the kingdom’s history. Those in love with theatre might want to drop by the National Theatre of Bahrain for a show. The theatre is located just next to the National Museum. Alternatively, those looking to take home a piece of Bahrain may be more interested in visiting the jewelry shops within Gold City to purchase one of Bahrain’s prized pearls.
Standard Chartered Bank-Bahrain offers large personal loans to both Bahraini nationals and expatriates through the personal loan option. Bahraini nationals can take a maximum loan amount of BD 70,000 while expatriates are limited to BD 20,000. This loan option features competitive interest rates with Bahraini nationals enjoying rates as low as 6.1% and expatriate loans priced at 9.5%. Moreover, Bahraini nationals get maximum loan tenures of 84 years while expatriates have their loan tenure limited to 60 years only. This loan option also features a top-up facility where one can take on additional financing to an existing loan.