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Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
Ithmaar Bank - Car Finance Ithmaar Bank - Car Finance Minimum Salary: BHD 400 Salary Transfer: Yes Early Settlement Fees: - Maximum Term: 7 Years Flat Rate: 3.4% Reducing Rate: 6.12%
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Buying a car can be a major financial decision that requires significant thought and can, perhaps, prove somewhat intimidating. Fortunately, we can help.

Ithmaar Bank’s auto financing solution was introduced to specifically address vehicle financing requirements, with exceptional flexibility.

We provide simple payment options for you by eliminating superfluous benefits and ‘extras’, allowing you to instead focus your monthly payments on quickly settling the financed amount.

Finance Features:
  • Attractive profit rates
  • Sharia-compliant
  • Financing up to 84 months
  • Bank representative can provide the service at your doorsteps
  • No salary transfer option
  • Three month grace period option
  • Bahraini: BD 400
  • Expats: BD 400
  • GCC National: BD 450
  • Early Retired: BD 400
  • Age Criteria: 21 - 60 years
Documents Required:
  • Valid ID
  • Original Passport
  • Latest Pay Slip
  • Salary Certificate
Representative example:

If you borrow BHD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – BHD 297.50 | Total charge for credit – BHD 710 | Total amount you repay – BHD 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
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