Shamil Bank is now offering a flexible financing opportunity in which you will find the best solution for your housing finance need. The tenures are going up to 30 years while the total financing amount reaches to 90% of the property. These unbeatable options are served with affordable prices and the following features:

Benefits:   -- 30 years finance depending on eligibility   -- Affordable pricing   -- Benefiting from the rate cuts   -- Variety of financing modes for flats, buildings, houses and lands   -- Finance up to BD 500,000 depending on eligibility   -- Shari’a compliant financing methods (Ijara and Morabaha)   -- Grace period option of up to 6 months   -- Salaried individuals, self employed professionals, small business owners, retirees and GCC residents can apply   -- Refinancing of your existing housing finance   -- Freedom to choose your profit rate, downpayment and tenure         Qualification criteria   -- Applicant age will be minimum 21 years and maximum 60 years at the date of application. The repayment period will not exceed the age of 70 for all individuals.   -- The applicant should be working and/or residing in GCC region   -- Salaried individuals should be in the employment of the present employer for a period of not less than 6 months (provided the Applicant has completed the required probation period).   -- Self employed and Small Business Owners have to be active in their business not less than 3 years with business track record.   -- Minimum Income Requirements:     • Salaried individuals: Minimum monthly income of BD 350 for Bahrainis and BD 500 for Expatriates.     • Self employed individuals and small business owners: Minimum monthly average net credit turnover of BD 1,000 in the past 6 months.     • Retired individuals: Minimum monthly income of BD 600     • GCC Residents: Minimum monthly income of BD 2,000   -- The financing amounts will not be smaller than BD 10,000 and will not exceed the following limits for relevant type of the customer:     • Salaried Bahrainis : BD 500,000     • Salaried Expatriate : BD 300,000     • GCC Employees or Residents : BD 300,000     • Self Employed : BD 300,000     • Small Bus. Owners : BD 300,000     • Retired individuals : BD 150,000   -- For more information, please contact our call center on 17 878777           Security        • Security on the property   • Salary transfer is mandatory in case of salaried individuals (Bahrainis, Expatriates) and Retirees   • The life insurance and fire insurance are mandatory in all cases.   • Security checks are mandatory in case of salaried individuals and Retirees.   • Post dated checks are mandatory in case of CR owners.   • Personal guarantee is mandatory in case of CR owners.         Documentation        • Copy of title deed   Additional documentations   • Salaried Bahraini     • Copy of CPR     • Latest Salary slip (or last three salary slips if overtime calculation is required for better DSR)     • CRB consent form.     • Salary Certificate.     • Salary Transfer Certificate.     • 3 months bank statement (If there is rent income at least 6 months bank statement is required)   • Salaried Expatriate     • Copy CPR and Passport including the page showing Visa work permit)     • Latest Salary slip (or last three salary slips if overtime calculation is required for better DSR)     • CRB consent form.     • Salary Certificate     • Salary Transfer Certificate.     • Assignment of leaving indemnity     • 3 months bank statement (If there is rent income at least 6 months bank statement is required)   • Self Employed and Small Business     • Copy CPR for Bahrainis     • Copy CPR and Passport for Non-Bahrainis (including the page showing Visa work permit)     • 6 months bank statement     • Copy of Commercial Registration.     • CRB consent form.   • Retired Individuals     • Copy of CPR     • Salary Certificate from GOSI or pension fund     • Salary Transfer Certificate.     • CRB consent form.     • 3 months bank statement (If there is rent income at least 6 months bank statement is required)

Security
• Security on the property   • Salary transfer is mandatory in case of salaried individuals (Bahrainis, Expatriates) and Retirees   • The life insurance and fire insurance are mandatory in all cases.   • Security checks are mandatory in case of salaried individuals and Retirees.   • Post dated checks are mandatory in case of CR owners.   • Personal guarantee is mandatory in case of CR owners.

How to Apply?
1) Contact any of our branches   2) Speak to our Call Centre   3) Request more information