Additional Financing for "Mazaya" applicants from BBK

In addition to providing BBK customers with the option to obtain a Mortgage loan through the Mazaya Financing Scheme, now all Mazaya customers can also obtain additional finance - to fund all expenses associated to Mazaya mortgage loan including down payment, life insurance, fire insurance and property registration fees

  
Dr Adel Salem

Dr Adel Salem

BBK, Bahrain’s pioneer in retail and commercial banking continues to present its customers with the best financing offers, the latest  being a special offer for Mazaya loan applicants, or loans under the Social Housing Finance Scheme sponsored by the Ministry of Housing & Eskan Bank.

In addition to providing BBK customers with the option to obtain a Mortgage loan through the Mazaya Financing Scheme, now all Mazaya customers can also obtain additional finance - to fund all expenses associated to Mazaya mortgage loan including down payment, life insurance, fire insurance and property registration fees. It is worth mentioning that Mazaya customers have the option of choosing their dream home within the many housing projects that have collaborated with the Social Housing Finance scheme. With competitive rates and flexible terms, Mazaya customers can complete the purchase of their dream home with ease and at their own convenience.

Dr. Adel Salem, General Manager of the Retail Banking division at BBK commented: “At BBK, we are continuously looking for ways to provide our customers with services that contribute towards the betterment of their lives as well as their families lives. I am therefore pleased to announce that all eligible Mazaya loan applicants will be able to obtain additional financing to help alleviate the additional costs of purchasing a new property to ensure a smooth transition into a new chapter of their lives. In addition, all Mazaya customers will be financed 100% of the unit price. Our customers will be offered competitive rates and terms with the ability to make a partial payment at any point in time with no additional cost.

This latest offer in collaboration with the Mazaya scheme aims to provide BBK customers to obtain the appropriate financing they need to purchase villas in social housing projects. Earlier, the bank announced a collaborative offer with Mazaya to finance Danaat Al Lawzi development project. As well as a special financing for Mazaya Scheme beneficiaries who were interested in the Deerat Al Oyoun development in Diyar Al Muharraq.

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About BBK 

BBK is a leading commercial bank based in Bahrain with an international presence that spans the Middle East and South Asia. Established in 1971 in the Kingdom of Bahrain, BBK is regarded as a banking industry pioneer, bringing innovative products and services that transform the customer experience and elevate the financial services industry. The Bank’s elevated product and service offerings include award winning e-channels, Special Needs equipped branches and Financial Malls, Mobile Apps, Cardless Cash Withdrawals, Interactive Teller Machines (ITM’s), Instant Card Issuance and Statement Printing Machines, Contactless Cards and MaxWallet, a virtual wallet application. BBK has also remained at the forefront of the credit card business in Bahrain with the Bank’s Credit Card Centre, CrediMax, the number one provider of premium services to credit card users in the Kingdom.

The Bank is dedicated to community investment and supports various initiatives and charities that work to enhance societies and economies. In particular, the Bank has been highly recognized for its work towards empowering women, and with one of the highest Bahrainisation levels in the country, is committed to supporting the development of local talent.

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