National Bank of Bahrain Personal Loans

Get Personal Loan up to 8 times your Salary

Whether it's for education, home renovation, or other personal expenses, the National Bank of Bahrain personal loan provides top-notch financing solutions. With competitive interest rates and high financing amounts, NBB ensures that you get access to financial solutions that align with your goals.

Features and Benefits of NBB Personal Loan

The key privileges of opting for a personal loan from the National Bank of Bahrain are:

  • Get a high financing amount of up to BHD 150,000
  • A flexible loan repayment tenure of up to 84 months
  • Competitive interest rates are available
  • Enjoy a payment holiday of up to 3 months before starting your instalment payments
  • Get loan deferments exclusively on Ramadan and Eid
  • Get comprehensive protection insurance
  • Quick and efficient loan finance processing without any delays
  • Enjoy promotions and prizes throughout the year

Are You Eligible for the National Bank of Bahrain Personal Loan?

Refer to the eligibility requirements for NBB personal loan:

Eligibility Type Requirements
Minimum Age 21 Years
Minimum Salary BHD 200
Residency Bahraini and Non-Bahraini Residents

Document Checklist for NBB Personal Loan

You must submit the following documents for the National Bank of Bahrain personal loan application:

For Bahraini For Non-Bahraini
  • CPR or 2 Valid Identification Documents
  • Latest Salary Slip
  • Original Salary Certificate
  • Latest 3 Months’ Bank Statements
  • CPR
  • Passport
  • Valid Residency Permit
  • Salary Transfer Letter
  • End of Service Benefits
  • Original Salary Certificate
  • Latest 3 Months’ Bank Statements

Online Personal Loan Calculator

An online personal loan calculator is a free, user-friendly tool designed to help you estimate your monthly loan repayments based on key inputs. By simply entering the loan amount, interest rate, and repayment term (in months or years), you can instantly calculate the estimated monthly instalment.

This tool is ideal for comparing different loan options, planning budgets, and making informed financial decisions. It’s available on bank websites. 

Note: These calculators also allow you to adjust values dynamically to see how changes affect your repayments in real-time.

National Bank of Bahrain Personal Loan- Fees and Charges

Tabled below are all the fees and charges of the personal loan offered by NBB:

Type of Fees Charges
Loan Handling and Processing Charges BHD 110
Loan Cancellation 1.1% or BHD 110 (whichever is lower)
Loan Rescheduling/ Instalment Deferment BHD 11 per instalment
Late Payment Charges BHD 16.5 per month
Issuance of Loan Balance Certificate Free once a year; BHD 11 if more than once a year
Release Certificate Free within 6 months of the loan credit facility closure

National Bank of Bahrain Personal Loan- Terms and Conditions

Given are the major T&Cs of the NBB personal loan:

  • The borrower agrees to fulfill, at their own cost, all conditions outlined in the cover form and any additional requirements set by the bank promptly after submitting a financing request. These conditions must be met to the bank’s satisfaction unless the bank waives them fully or partially in writing. However, the bank retains the right to require the borrower to meet these conditions at a later date.
  • The borrower confirms that no event of default has occurred and that none is expected to result from obtaining the financing, entering into, or performing obligations under the financing documents.
  • Additionally, the borrower affirms that no circumstances exist which, with notice or the passage of time, would constitute an event of default.
  • The borrower also declares that the secured assets are not subject to any liens, encumbrances, attachments, or third-party claims. There are no existing agreements, rights, or interests that negatively affect these assets.
  • The borrower is obligated to make each instalment payment on the specified due date. Furthermore, the borrower must promptly reimburse the bank for any associated costs, fees, or expenses incurred in connection with the financing, upon the bank’s request.
  • The borrower grants the bank full and unconditional authority to deduct the instalment amount, or any other due payments under the financing agreement, directly from their designated account on or after the payment date. The borrower also undertakes to ensure that adequate funds are available in the account to cover such deductions.

Note: For detailed T&Cs, please visit the bank’s website. 

Frequently Asked Questions

What is the maximum loan amount I can borrow from NBB?

You can borrow up to BHD 150,000, subject to eligibility and credit assessment.

What is the minimum salary requirement to apply for a personal loan?

A minimum stable monthly salary of BHD 200 is required.

What is the maximum repayment period for NBB personal loans?

The repayment term can extend up to 84 months (7 years).

Are both Bahraini nationals and expatriates eligible to apply?

Yes, both Bahraini nationals and non-Bahraini residents can apply, provided they meet the eligibility criteria.

What documents are required for Bahraini applicants?

Valid CPR or two forms of ID, original salary certificate, latest salary slips, and bank statements from the last 3 months.

Is there a grace period before repayment starts?

Yes, NBB offers a grace period of up to 3 months before repayments commence.

Can I defer loan instalments during special occasions?

Yes, NBB provides the option to defer instalments during Eid and Ramadan.

Is finance protection insurance available?

Yes, comprehensive finance protection insurance is offered to secure your loan.

What additional documents are required for non-Bahraini applicants?

Valid passport, residency permit, CPR, salary transfer letter, end-of-service benefits letter, original salary certificate, and bank statements from the last 3 months.

Are there any processing fees for the personal loan?

Yes, loan processing fees are applicable.

How can I apply for an NBB personal loan?

Applications can be submitted by visiting an NBB branch or by calling their 24/7 customer care service at 1721 4433.

Are there any promotional offers or prizes associated with personal loans?

Yes, NBB offers year-round promotions and exciting prizes for personal loan customers.

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