Purpose
General purpose loan to individuals to meet their various personal needs

Eligibility

Salaried Individuals aged between 21years to 55 years

All nationalities Employment in Bahrain for over 1 yr and having current confirmed Employment Contract.

Minimum Net Monthly Income BHD 800/-

Quantum of Loan Maximum : 12 times net monthly income Subject to EMI/NMI not exceeding 50%

Minimum Loan Amount BHD 3,000/-

Security

Salary assignment or EMI assignment (check off)

Assignment of Leaving Indemnity from Employer.

Post-dated cheques

Type of Loan Term Loan

Repayment

Maximum: 60 months.

No prepayment penalty

Processing Fee BD 50/- to BD 150/- depending on loan amount

Documents required

Passport and CPR with valid Residence Permit.

Two Passport size Photographs

Latest 3 months’ salary slips.

6 months Bank’s Statement of Account showing salary/ Income credits

Letter of Employment Contract.

Letter for Salary/EMI transfer and Assignment of leaving indemnity from Employer

Credit Reference Bureau(CRB) consent form

Please call 17548033 for more details or email us at retail.rbbh@statebank.com

Disclaimer: Information provided in this website is only for the purpose of dissemination of information relating to the product and is not a solicitation for business. Approval of loans will be at the discretion of the Bank and subject to satisfactory completion of all terms and conditions in this regard.