Apply For New Car Loan : Bank of Bahrain and Kuwait
Name of the Organization : BBK
Type of Facility : Apply For New Car Loan
Country : Bahrain
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Website : https://www.bbkonline.com/car-loans/
Apply For New Car Loan :
Whether you are a Bahraini or an expatriate customer, our new car loan facility can give you a brighter drive. Our car loan package ensures you get the best possible deal in car financing.
Related : Bank of Bahrain & Kuwait Apply For Telebanking : www.statusin.org/6009.html
Loaded with benefits, our car loans offer competitive interest rates, decent repayment periods of up to 84 months and comprehensive insurance through MotorSecure from Secura. Additionally, our application process is simply and you’ll find out swiftly if your application has been approved.
Providing you have the required minimum salary, you are eligible for the new car loan. Salary transfer and a guarantor are not mandatory.
Features & Benefits:
** Easy application and speedy approval process.
** Flexible loan payment terms of up to 7 years.
** Multi-tiered car insurance from Motor Secure.
** Competitive interest rates.
** Convenient automatic payment deduction from your account.
** Option of zero percent down-payment.
** Funding for up to 100% of the vehicle’s value.
** Loan available for purchase of new as well as used cars.
Eligibility:
** Both salaried and self-employed individuals.
** Business entities legally incorporated in Bahrain.
** All nationalities resident in Bahrain are eligible (residence permit valid for a minimum of 3 months).
** Salaried individuals must be between 21 and 55 years of age.
** Self-employed individuals must be between 25 and 55 years of age.
** Minimum monthly salary requirement of BD 200 for Bahraini applicants, and BD 300 for all other nationalities.
** Minimum monthly net income of BD 1,000 for self-employed individuals.
** Minimum 3 months employment for salaried individuals.
Documents required:
** Original and valid CPR/Smart Card & Passport.
** Valid driver’s license.
** Original salary certificate.
** Last 3 pay slips.
** Duly signed car-transfer form.
** Promissory note.
** Dealer/Seller quotation.
** Letter of Undertaking for salary transfer, and for non-Bahrainis indemnity or third party guarantee.
** Non BBK customers must provide bank statements (last 3 months).
For terms and conditions or more information, you may any of the following numbers17313001, 17313012, 17313005, 17207777 or e-mail sales [AT] bbkonline.com
About Us :
It is a vision based on the determination to approach banking in an innovative way. Put simply, we constantly strive to create your ideal banking experience.
Gradually, but surely these aspirations are being translated into a manner of delivering banking solutions to all our clients, growth for our shareholders, opportunities for our employees and prosperity for the community.
FAQs :
How soon can I have my approval?
Assuming you have provided all documents as per our requirements, we will provide approval within 5 working days
Can I have 2nd mortgage on the property which I have already mortgaged to another institution?
No. However, BBK can refinance your existing property subject to conditions.
Can I settle my loans/liabilities with other banks/institutions?
If you have a property (irrespective of whether it is mortgaged or not), you can consolidate all your loans/liabilities by applying for Loan against property/Equity Financing.
Can I assign my existing life insurance policy?
We can accept assignment of your life insurance policy provided it meets our requirements. This is of course, subject to our review and acceptance of the policy.