Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Khaleeji Commercial Bank - Personal Finance Khaleeji Commercial Bank - Personal Finance Minimum Salary: BHD 300 Salary Transfer: No Islamic Finance: No Maximum Term: 7 Years Flat Rate: 3.0% Reducing Rate: 5.4%
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Experience life to the fullest with KHCB’s flexible Shari’a compliant Personal financing scheme. KHCB Personal financing can be used for education, marriage and even the trip of a lifetime. Their flexible financing is available to employees, as well as self-employed. Its flexible financing to get you Moving Forward!

Khaleeji Commercial Bank Personal Loan Features:
  • Minimum salary required is BHD 300
Features & Benefits:
  • Competitive Profit Rates.
  • Approval within 24 hours.
  • First installment after 120 days.
  • Applicable for employees, retirees and self-employed.
  • Minimum Salary BD 300.
  • The offer is for a limited time.
  • Terms & conditions applied.
Documents Required:

Employees:
  • Finance application form to be signed
  • Copies of 2 valid ID’s (valid visa for expats) to be stamped after seeing the original smart card
  • Latest original pay slip (In case of variable pay, 3 months slip is required)
  • Original Bank Statement for 3 months
  • Original Salary Certificate addressed to KHCB
  • Sign BENEFIT consent form and generate the report
  • (If applicable) Outstanding Letter in case of refinance
Self Employed:
  • Valid passport copy & original Smart Card (Resident Visa page for Non-Bahraini).
  • Copy of valid Commercial Registration.
  • Copy of Memorandum & Articles of Association.
  • Audited Financial Statements for last 3 years (or)
  • 12 months Bank statement required for business accounts.
  • 6 month Bank statement required for personal accounts.
  • in case of refinance a Liability letter from bank/financial institution in original is required.
  • In case of other income (rental income) copy of valid lease agreements (Copy of title deed for the leased property).
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%