Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
State Bank of India (Bahrain) - Personal Loan State Bank of India (Bahrain) - Personal Loan Minimum Salary: BHD 800 Salary Transfer: Yes Islamic Finance: No Maximum Term: 5 Years Flat Rate: 3.75% Reducing Rate: 7.0%
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General purpose loan to individuals to meet their various personal needs

Features & Benefits:
  • Quantum of Loan Maximum : 18 times net monthly income Subject to EMI/NMI not exceeding 50%
  • Minimum Loan Amount BHD 2,000/-
  • Maximum: 60 months
  • No prepayment penalty/ No Pre Closure penalty
  • Processing Fee BD 50/- to BD 150/- depending on loan amount


  • All nationalities
  • Employment in Bahrain/GCC for over 1 yr and having current confirmed Employment Contract
  • Salaried Individuals aged between 21 years to 55 years
  • Minimum Net Monthly Income BHD 800/-
  • Salary Transfer/EMI transfer Mandatory
Documents required:
  • Passport and CPR with valid Residence Permit
  • Two Passport size Photographs
  • Latest 3 months’ salary slips
  • 6 months Bank’s Statement of Account showing salary/ Income credits
  • Letter for Salary/EMI transfer and Assignment of leaving indemnity from Employer
  • Copy of Employment Contract

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 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.
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