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Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Citibank Salary Transfer Personal Loan Citibank Salary Transfer Personal Loan Minimum Salary: BHD 300 Salary Transfer: Yes Islamic Finance: No Maximum Term: 5 Years Flat Rate: 11.0% Reducing Rate: 19.8%
Citibank Personal Loan Features:

Salary Transfer Loans are available to Bahraini nationals and expatriate residents. In order to qualify, you must be currently working in a government or large private organisation and earn a minimum salary of BHD 300.

Citibank Salary Transfer Personal Loan Features:
  • Interest rate with Citibest account is up to 0.15%
  • Salary transfer is required
  • Maximum term is up to 60 months
  • Maximum Loan Amount is up to BHD 11,300
  • Citibank loan has optional  life insurance coverage, which will repay the outstanding loan balance in case of the borrower's death and permanent total disability.
  • with no minimum balance requirement
  • Free ATM Card that lets you access your cash at over 240, 000 ATMs across the globe
  • Access to our 24-Hour CitiPhone Service to manage your accounts, round-the-clock from anywhere in the world
  • A consolidated statement that gives you a clear picture of your finances
  • Plus, a world of exclusive privileges and services when you bank with Citibank International ATM/Debit card
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.
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%
Ithmaar Bank - Personal Finance
Minimum Salary
BHD 400
Flat Rate
2.89%
BisB Tasheel Personal Finance
Minimum Salary
BHD 300
Flat Rate
3.0%