BMI Bank offers discounts on loans

BMI Bank announced the launch of preferential pricing on its Salaf range of loans offering customers a series of tangible benefits including a low interest rate, waiver of administration and insurance fees as well as a deferment of the first three installments amongst others. The promotion, which runs till the 31st of December, is open to both locals as well as expatriates living in Bahrain.

“As a responsible Bahraini Bank, we constantly strive to deliver a range of unique yet competitive products and services that help our loyal customers achieve their financial goals without increasing their monthly financial obligations. In line with our motto of better, together, I am pleased to roll out our latest value added promotion which offers customers a lower Annualized Percentage Rate (APR) on our Salaf personal, auto and mortgage loans,” Jamal Al-Hazeem, Chief Executive Officer of BMI Bank said.

During the promotion period, customers applying for a Salaf personal loan will receive a low APR of 6.51% in addition to a waiver of both administration and insurance fees whilst customers who apply for a Salaf mortgage loan will receive an APR of 6.16%. Customers who apply for a Salaf auto loan during the promotion will receive an APR of 6.25% as well as zero down payments in addition to an instant prize worth BD 100.

With such attractive offers and incentives to be made the most of, we are confident that our Salaf loans promotion will appeal to existing as well as new BMI Bank customers as we continue to invest in our products and services to build a strong retail and commercial banking business within Bahrain.”