| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
National Bank of Bahrain - Personal Loan
|
Minimum Salary: BHD 200 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 7 Years | Flat Rate: 3.0% | Reducing Rate: 5.3% |
We understand that you may at times require additional funds to enable you to plan for marriage, a holiday, a new house, a new car or to deal with an emergency. Keeping your needs and convenience in mind, we offer you a range of personal loan products that are easy to apply for, hassle free and tailored to your personal needs….
Features & Benefits:
Eligibility:
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.
Features & Benefits:
- You can repay your loan in a maximum period of 84 months
- Competitive Interest Rates
- Shorter repayment periods
Eligibility:
- Bahraini National
- Minimum salary required BHD 200
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
