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AUTO FINANCE
 
 
Buying a car can be a major financial decision that requires significant thought and can, perhaps, prove somewhat intimidating. Fortunately, we can help.

Ithmaar Bank’s auto financing solution was introduced to specifically address vehicle financing requirements, with exceptional flexibility and the lowest profit rate in Bahrain.

We provide simple payment options for you by eliminating superfluous benefits and ‘extras’, allowing you to instead focus your monthly payments on quickly settling the financed amount.
 
What are your benefits?
Attractive profit rates
Sharia-compliant
Financing up to 84 months
Low administration fees
Fastest approval
Bank representative can provide the service at your doorsteps
No salary transfer option
Three month grace period option
No hidden costs
 
 
Can I apply?
 
Ithmaar Auto Finance is available to salaried, self-employed professionals,commercial registration owners and retirees. It is available for both Bahrainis and expatriates.
You should be 21 old to apply, depending on the legal retirement age (retired people should not be above 65 years old at the date of the last installment)
Salary: Minimum monthly salary should be BD 300/-
Monthly Repayment: Total monthly repayment of all finances put together cannot exceed 50% of the monthly income.
 
To apply, please visit your nearest branch or, if you wish, we can come to you. Call 13 303030 and we’ll arrange a convenient time for a representative to visit.
 
 
What is required?
 
Required documents
Car Information:
For new cars, a quotation from the dealer.
For used cars, copies of the registration and insurance cards in the current owner’s name.
 
Applicant’s Information:
Salaried Individuals and Retirees
1) Copy of Smart Card
2) Copy of Passport with Visa work permit (for Non-Bahrainis)
3) Latest Salary Slip
4) Salary Certificate
5) Salary transfer certificate (Optional)
6) Three month bank statement
 
Self Employed / Professionals and Small Business owners
1) Copy of Smart Card
2) Copy of Passport with Visa work permit (for Non-Bahrainis)
3) Six month bank statement
4) Copy of valid Commercial Registration
 
 
How to Apply?
1) Contact any of our branches
2) Speak to our Call Centre
3) Request now!
 
 
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PROFIT RATES (%) : 2013-2014
Tenor
Jan
Feb
Mar
1 month
1.25
1.20
1.20
3 months
1.75
1.70
1.70
6 months
2.25
2.20
2.20
9 months
2.50
2.45
2.45
1 year
2.75
2.70
2.70
13 303030
Call Centre
 
   
 

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