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.
The key privileges of opting for a personal loan from the National Bank of Bahrain are:
Refer to the eligibility requirements for NBB personal loan:
Eligibility Type | Requirements |
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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 |
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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.
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 |
Given are the major T&Cs of the NBB personal loan:
Note: For detailed T&Cs, please visit the bank’s website.
You can borrow up to BHD 150,000, subject to eligibility and credit assessment.
A minimum stable monthly salary of BHD 200 is required.
The repayment term can extend up to 84 months (7 years).
Yes, both Bahraini nationals and non-Bahraini residents can apply, provided they meet the eligibility criteria.
Valid CPR or two forms of ID, original salary certificate, latest salary slips, and bank statements from the last 3 months.
Yes, NBB offers a grace period of up to 3 months before repayments commence.
Yes, NBB provides the option to defer instalments during Eid and Ramadan.
Yes, comprehensive finance protection insurance is offered to secure your loan.
Valid passport, residency permit, CPR, salary transfer letter, end-of-service benefits letter, original salary certificate, and bank statements from the last 3 months.
Yes, loan processing fees are applicable.
Applications can be submitted by visiting an NBB branch or by calling their 24/7 customer care service at 1721 4433.
Yes, NBB offers year-round promotions and exciting prizes for personal loan customers.