Eligibility Criteria

Property
Must be located in the Kingdom of Bahrain
    
Eligibility
Resident and Non Resident individuals whether Salaried, Self Employed  or  Corporates

Age
For Individuals:

Minimum age: 21 years

Maximum age:

Salaried Applicants:

Men: 60 years

Women:55 years

Self-employed Applicants: 65 years

In case of Joint Applicants, the maximum tenor considered would be based on the maximum age of either of the applicants.
    
Limits on financing
Minimum:  BD 20,000
Maximum: BD 350,000

Number of joint applicants
Maximum 3
    
Minimum Income
Single Applicant: BD 350
Joint Applicants: BD 500
    
Length of Service
Resident & Non Resident Individuals: Minimum 3 years of continuous service
    
Financing
For Individuals & Residents: Up to 90% of property value.

For GCC Residents: Up to 80% of property value.

For Non Residents & Corporates: Up to 70% of property value
    
DBR (Debt Burden Ratio)
Proportion of all monthly obligations to banks/financial institutions against Monthly Income is maximum of 55%
    
Insurance
Life Insurance and Property Insurance are required
    
Security
Depending on the type of financing, property will be either required to be registered in Sakana’s name or mortgaged to Sakana.

Security cheques

Other security
Guarantees may be required depending on case to case basis
    
Repayments
Options: Post Dated Cheques (PDCs)

Installment transfer directly from Employer

Irrevocable standing order instruction from your bank