KFH-Bahrain in big housing finance deal with Eskan bank

KFH-Bahrain in big housing finance deal with Eskan bank

Kuwait Finance House – Bahrain (KFH-Bahrain) said it has signed an agreement with the kingdom's Eskan Bank to offer financing solutions for eligible Bahraini citizens as part of the new housing financing schemes - Tas’heel and the additional new Mazaya.

The new housing programme includes a line-up of advantages that customers can benefit from which include: an increase in the financing cap from BD60,000 ($158,145) to BD70,000 ($184,503).

In addition to this, there is an increase from the minimum of BD19,000 to BD40,000 along with other numerous benefits which also includes the option of increasing the percentage of monthly deduction to 35% for monthly incomes ranging between BD320 and BD1,200.

The agreement was signed at Eskan Bank’s headquarters in the presence of Dr Khalid Abdulla, General Manager of Eskan Bank, Hamed Mashal, Head of Retail Banking at KFH - Bahrain, in addition to officials from both entities.

Commenting on the occasion, Dr Abdulla said: "Eskan Bank is moving towards implementing a strategic plan that seeks to provide solutions and opportunities that will accelerate and facilitate citizens' access to suitable financing and achieve their housing ambitions."

"Tas’heel and additional new Mazaya schemes are in line with the Ministry of Housing and Urban Planning and Eskan Bank’s