Features
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Purchase properties such as villas and parcels of land with ease.
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Home construction benefits.
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Purchase properties in development projects (title deed waiver available).
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Purchase of apartments (title deed waiver available).
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Loan against land or property (equity financing).
Benefits
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Joint borrowing (up to 3 borrowers).
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Minimum salary requirement of BD 350 for Bahraini nationals residing in Bahrain.
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Minimum salary requirement of BD 700 for non-Bahraini nationals and Bahrainis working outside Bahrain.
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Minimum income requirement of BD 2,000 for self-employed residents.
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Highly competitive interest rates.
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Minimal down payment.
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Loan amount up to BD 750,000 for individuals with high net worth.
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Home and life insurance available.
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Maximum installment repayment capacity: 61% of the applicant’s net income.
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Partial prepayment with no penalty.
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A grace period of up to 90 days.
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Indicative APR (Annual Percentage Rate) of 7.5%, calculated on a financed amount of BD 100,000 over 25 years
Eligible for
Offering limitless mortgage loan offers to help make your dreams a reality.
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All nationalities residing in the GCC.
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Salaried individuals from 21 to 58 years old.
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Self-employed individuals between 25 to 60 years old.
Note: Borrower’s age must not exceed 60 years or the average retirement age, whichever is higher at maturity. Self-employed borrowers must not exceed 65 years at maturity.
What are people asking?
BBK offers mortgage, construction loans, and equity financing through a dedicated Real Estate Unit.
Approvals are provided within five (3) working days upon submission of complete requirements.
No, but BBK can refinance your existing property (subject to terms and conditions).
You can consolidate all your loans/liabilities by applying for Equity Financing for your property (whether mortgaged or not).
Yes, provided it meets our requirements. The assignment of your life insurance policy is subject to review and acceptance of the policy by BBK.
You will be required to fill up the life insurance questionnaire based on the insurance company’s assessment. After the evaluation, the insurance company will advise whether a medical check-up is required.
You must immediately inform BBK so we can review your financial details. Afterward, we will advise you of the next steps of the process depending on our evaluation.
You can make finance repayments through monthly installments deducted from your BBK account.
Yes, you own the property, but it is mortgaged in favor of BBK until you finish paying the full loan amount.
Yes, you can still get the financing from BBK. Please ensure you have a copy of the receipt/invoice for the down payment.
No, BBK will arrange for an independent valuation through BBK’s Panel of Valuers approved and certified by RERA.
Equity Financing is where an applicant mortgages an existing property with the bank and takes up to 80% of its value in cash. The applicant can then use the liquid asset acquired from the mortgaged property for any purpose, such as consolidating loans and covering other expenses such as basic needs, travel, and education.
You can settle your finances by paying the outstanding dues in full or selling the house to a third party and using the proceeds to settle the loan.
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