Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Al Salam Bank Personal Finance Al Salam Bank Personal Finance Minimum Salary: BHD 300 Salary Transfer: No Islamic Finance: Yes Maximum Term: 7 Years Flat Rate: 3.25% Reducing Rate: 5.85%
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Benefits:

  • Low processing fees
  • Competitive profit rates
  • Financing up to BD 100,000
  • Flexible monthly installments up to 84 months
  • Quick approval with easy processing
  • Flexible procedures
  • Takaful Life coverage up to the financing value at preferential terms

Eligibility criteria:

  • All Bahrain residents
  • Minimum monthly salary requirements
  • Minimum employment period

Documents required:

  • Two valid IDs
  • Passport copy with valid residence permit (Expatriates only)
  • Salary certificate
  • Last 3 months’ pay slips
  • Last 3 months’ bank statements

Double your ​expectations!


Annual Percentage Rate (APR) starts from 5.74% p.a. (for a financing amount BD 10,000 for 84 months).

** 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 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
State Bank of India (Bahrain) - Personal Loan
Minimum Salary
BHD 800
Flat Rate
3.75%
Bank of Bahrain and Kuwait - Consumer Loan
Minimum Salary
BHD 200
Flat Rate
3.5%
BisB Tasheel Personal Finance
Minimum Salary
BHD 300
Flat Rate
3.0%
Khaleeji Commercial Bank - Personal Finance
Minimum Salary
BHD 300
Flat Rate
3.0%