Rates
Sakana provides fixed and variable rate options to customers on reducing balance basis.
Variable rate financing is available from minimum 5 years to maximum 30 years. The variable rate financing is based on Sakana’s benchmark rate plus or minus margin (depending on various criteria) and the benchmark rate would be adjusted from time to time based on market and other factors. Sakana will announce the benchmark rate as and when it is changed.
The current benchmark rate is 9.75% per annum.
Sakana’s current variable rate based on this benchmark starts from 9.35% per annum*.
Fees
Our fees structure includes:
|
Category |
Resident Customer Amount
|
Non-resident Customer Amount |
|
Application Stage |
|
|
|
Application fee – Salaried (non-refundable) |
BHD 100/- |
BHD 125/- |
|
Application fee – Non-salaried (non-refundable) |
BHD 150/- |
BHD 200/- |
|
Valuation fee (non-refundable) |
From BHD 75/- |
From BHD 75/- |
|
Post approval Stage |
|
|
|
Arrangement fee |
1% of finance amount |
1% of finance amount |
|
Cancellation fee – Post issue and acceptance of offer letter |
BHD 150/- |
BHD 150/- |
|
Property registration fee – to Government |
1% of property value |
1% of property value |
|
Court fees |
BHD 15/- |
BHD 15/- |
|
Legal documentation fee |
BHD 50/- |
BHD 50/- |
|
Offer letter extension or amendment fee |
BHD 50/- |
BHD 50/- |
|
Life Insurance assignment fee |
BHD 200/- |
BHD 200/- |
|
Post sales services |
|
|
|
Returned cheque or Standing order not executed |
BHD 10/- |
BHD 10/- |
|
Cheque/standing order swapping i.e. changing banks |
BHD 15/- |
BHD 15/- |
|
Liability letter request |
BHD 15/- |
BHD 15/- |
|
Liability release certificate |
BHD 15/- |
BHD 15/- |
|
Restructuring charges |
BHD150/- |
BHD150/- |
|
Statement copy |
BHD 10/- |
BHD 10/- |
|
Copy of documents from customer file |
BHD 25/- |
BHD 25/- |
|
Prepayment fee – part/full settlement |
Nil |
Nil |
|
Property Sale fee – Finance amount up to BD 350,000 |
Up to BHD 500/- |
Up to BHD 500/- |
|
Property Sale fee – Finance amount above BD 350,000 |
Up to BHD 750/- |
Up to BHD 750/- |
Effective Date: 1 August 2008
Note: The rates provided are only informative. For latest rates, contact your nearest Sakana customer service outlet. All fees and charges are subject to change from time to time without prior notice.
Version Number: Sakana-4/2008* APR will be 9.59% for finance amount of BHD 20,000 for 30 year tenor (with effect of 21 Oct 2008)




