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Indicative Annual Percentage Rates (APRs) for our products:
| Personal Loan - Indicative APR for BD 10,000 loan, for 7 years starting from 9.92% p.a. |
Interest rate, % p.a. |
| Personal Loan - Salaried Bahrainis & Expatriates against accumulated
end of service benefits |
8.25% |
| Personal Loan - Salaried expatriates, not against accumulated end of service benefits |
9.25% |
| Personal Loan - Self employed |
12.25% |
| Auto Loan - Indicative APR for BD 10,000 loan with 20% down payment, for 5 years starting from 8.97% p.a. |
Tenure upto 5 years |
Tenure more than 5 years |
| LTV - Upto 80% |
8.25% p.a. |
8.50% p.a.% |
| LTV - more than 80% |
8.50% p.a. |
9.00% p.a.% |
| In case of cash salary |
8.50% p.a. |
9.25% p.a. |
Annual Percentage Rate (APR) is the interest rate expressed as a yearly percentage, calculated according to a preset Formula to show the true cost of borrowing. This formula includes the annual interest rate, Administration Fees, Life Assurance Fees (if applicable) and any other associated costs (if applicable) for each loan product.
| Mortgage Loan - Indicative APR for BD 100,000 loan, for 10 years starting from 8.16% p.a. |
Tenure upto
10 years |
Tenure 10 - 20 years |
Tenure 20 years + |
| For own residence |
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|
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| LTV - Upto 80% |
7.72% |
8.25% |
8.75% |
| LTV - Upto 90% |
8.00% |
8.50% |
9.00% |
| For home equity release |
|
|
|
| LTV - Upto 80% |
7.75% |
8.25% |
8.75% |
| LTV - Upto 90% |
8.00% |
8.50% |
9.00% |
| For FTB mortgage |
|
|
|
| LTV - Total upto 90% |
7.25% |
7.75% |
8.25% |
| LTV - Total above 90% |
7.50% |
8.00% |
8.50% |
| For buy to let / investment |
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|
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| LTV - Upto 80% |
8.25% |
8.75% |
9.25% |
| LTV - Upto 90% |
8.50% |
9.00% |
9.50% |
Deposit Protection Scheme
Deposits held with the Bahrain office of BMI Bank B.S.C. (c) are covered by the Deposit Protection Scheme established by the Central Bank of Bahrain regulation concerning the establishment of a Deposit Protection Scheme and a Deposit Protection Board'. For the purposes of this Regulation, 'deposit' shall mean a current, call, saving and/or fixed deposit in Bahrain Dinars and other currencies, as well as non-bearer Certificates of Deposit denominated in Bahrain Dinars and other currencies issued by the relevant bank.Note: Subject to CBB Rules & Regulations on Deposit Protection Scheme
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