| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Ahli United Bank - Personal Loan
|
Minimum Salary: BHD 3,000 | Salary Transfer: Yes | Islamic Finance: No | Maximum Term: 7 Years | Flat Rate: 6.5% | Reducing Rate: 11.7% |
We all need a banking partner who will support our PLANs. When you decide to make a major purchase – perhaps a car or vacation – or when you encounter unforeseen expenses such as home repairs or medical expenses, Ahli United Bank is here to provide the solution.
You can discuss your PLAN in confidence with an Ahli United Bank Personal Banker, who will help you decide how much you can afford to borrow.
They will provide a free Rahal express card and a free MasterCard when you arrange a PLAN loan, and if you find you need extra cash you can skip and installment every six months, or request an increase in the loan every six months.
Ahli United Bank Personal Loan Features:
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.
You can discuss your PLAN in confidence with an Ahli United Bank Personal Banker, who will help you decide how much you can afford to borrow.
They will provide a free Rahal express card and a free MasterCard when you arrange a PLAN loan, and if you find you need extra cash you can skip and installment every six months, or request an increase in the loan every six months.
Ahli United Bank Personal Loan Features:
- Interest rate starting from 6.5%
- Salary transfer required
- Minimum Salary required is USD 100,000 per year
- Maximum Term is 7 years
- Your CPR card and any other ID
- Your most recent pay slip and a letter from your employer confirming service and salary amount, with agreement to transfer your salary to Ahli United Bank.
- Bank statements for the last three months (if you are currently with another bank)
- For expatriates, your passport showing the residency permit, and a copy of your contract of employment.
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 rate on the product which is equivalent to 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 of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
