Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
BisB Property Finance BisB Property Finance Minimum Salary: BHD 500 Salary Transfer: Yes Early Settlement Fees: Yes Maximum Term: 25 Years Flat Rate: 5.5% Reducing Rate: 9.9%
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Property Finance from BisB helps you own the house, land or commercial property that you desire.

BisB Property Finance Features:
  • Maximum Amount: BHD 500,000
  • Processing Fees: 0.75% of finance amount
  • Repayment Period: up to 25 years
  • Salary Transfer: Mandatory
The Property Finance product designed by BisB can be used to:
  • Finance ready properties for residential purposes.
  • Finance commercial properties.
  • Re-finance owned properties
Eligibility:
  • Age of Applicant: Above 21 years of age at the time of application and less than 65 at the maturity of the finance.
  • Minimum Monthly Income: BHD 500 (employed), BHD 800 (joint) and BHD 1000 (self-employed).
  • Maximum DSR (Debt Service Ratio):  upto 65%.
  • Rent income: 50% of monthly rent income for owned properties.
  • Minimum Work Experience: 1 Year.
Documents Required:

Employed:
  • If you are an employee of an organization or institution, you will require the following documents:
  • Two valid Identifications.
  • Latest 3 months Pay Slip.
  • Latest 3 months Bank Statement.
  • Latest Salary Certificate.
  • Contract of Employment (non Bahraini individuals).
  • Residence Permits (non Bahraini individuals).
  • Subject Property Title Deed.
  • A copy of the seller’s Smart Card or Passport.
  • Signed Promissory Note.
  • Signed Credit Report Bureau (CRB - Benefit) form.
Self-employed:
  • Individuals who are self employed will require to present the following documents:
  • A copy of 2 valid Identifications i.e. Smart Card and Passport or Driving License.
  • The Commercial Registration (CR).
  • Latest 6 months Business Bank Statement.
  • Memorandum and Articles of Association.
  • Subject Property Title Deed.
  • Schedule of Payments (under construction properties).
  • The Sale and Purchase Agreement (under construction properties).
  • A copy of the Seller’s Smart Card or Passport.
  • Valid Lease Agreements (if any).
  • Completed and signed finance application form.

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.
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