Established in 1971 in both the kingdom of Bahrain and the State of Kuwait, the Bank of Bahrain and Kuwait is today one of the largest commercial banks in Bahrain with16 local branches, 5 full-fledged overseas branches and a Representative Office in Dubai. It was incorporated with the committed objective of providing a range of efficient and personalized banking facilities. BBK’s first overseas branch was set up in Kuwait in 1978. A few years later, branches came up in Mumbai, Hyderabad, Aluva, and New Delhi. The team’s presence in India is characterized by a young and dedicated team of professionals to provide the best service. The Bank has a presence in India since 1986 as a scheduled commercial bank. It offers high quality banking services in a quiet ambience.
About Bank of Behrain and Kuwait
Bank of Bahrain and Kuwait services also prides itself for a wide network of correspondents all over the world to support Foreign Exchange and Trade Finance related activities. The customers of the Bank are offered top quality credit facilities, wide range of deposit products, NRI services, a fully equipped dealing room and a strong remittances department to give a complete banking experience. The specialization of BBK lies in providing structured finance to mid corporate and in the SME region. It also provides ECBs to large corporates in India for eligible purposes.
The branches of BBK in India are equipped with full fledged NRI desk that cater to various needs of Non-Resident Indians including personalized banking, share market investments, portfolio investment services, mutual fund investments, etc. NRIs residing in Bahrain, Kuwait, and UAE can get in touch with the dedicated NRI Services Desks established in these countries for all their needs.
Bank of Bahrain and Kuwait Loans
Bank of Bahrain and Kuwait Home Loan: The bank offers housing loans to both resident Indians as well as NRIs. This loan can be utilized for the construction of a residential property or to purchase readymade/under-construction residential property or carrying out repairs/modification/extension to the existing residential property. It can also be availed for the takeover of existing loan from other banks subject to the bank requirements and policies being fulfilled. Home loan from Bank of Bahrain and Kuwait is characterized by low interest rates, easy documentation, and zero pre-closure charges (if repaid from other funds). The loan tenor can go up to 20 years for residents and u to 15 years for NRI customers. It is also accompanied by benefits like, low processing fee and fast turnaround time. The applicant should have completed at least 3 years of employment. He/she should be a salaried individual, and a confirmed employee with the present employer.
Bank of Bahrain and Kuwait Personal Loan: Under this scheme, the minimum loan amount is Rs. 50,000, while the maximum amount is Rs. 15 lakhs. The tenure of the loan can go up to 7 years. The borrower can enjoy facilities like low Bank of Bahrain and Kuwait personal loan interest rates, easy documentation, low processing fee, free insurance cover on loan amount, and zero pre-closure charges if repaid from own funds. This loan can be availed for purposes such as marriage, house renovation, medical treatment, travel, purchase of consumer durables, and other personal needs. The repayment of the loan can be done through salary deduction. Any employee falling within the age group of 18 to 55 years at the time of applying for loan. He/she should have completed a minimum employment of 3 years, in order to satisfy Bank of Bahrain and Kuwait loan eligibility.
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