Khaleeji Commercial Bank BSC : ‘KHCB’ offers Exceptional Real Estate Financing for Owns at ‘Danat Al Baraka’ Project via ‘Mazaya’

Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has recently announced the signing of an agreement with Eskan Bank to launch exclusive real estate financing offers on residential units available for immediate sale within Danat Al Baraka project in Janusan. The project is one of the most prominent housing and real estate projects under the umbrella of the Ministry of Housing and Eskan Bank in the Kingdom of Bahrain.

As per the agreement, KHCB will welcome and receive clients who are wishing to buy properties at a special booth located within Danat Al Baraka starting from today 19th May 2021, with the aim of receiving applications and facilitating the process.

The agreement came as a result of the firm partnership that brings KHCB and Eskan Bank together, with the purpose of providing easy real estate financing for citizens wishing to own housing units who meet the conditions of the 'Mazaya' social housing scheme.

The exclusive offer from KHCB include granting financing services of up to BD 120,000 with a payment period of up to 25 years without down payment, administrative fees, or appraisal fees, in addition to free fire insurance.

Furthermore, beneficiaries of this offer can also obtain additional financing to purchase residential units or furnishing with exceptional benefits, which are a repayment period of up to 30 years, zero down payment, and at competitive profit rates, within the framework of the Bank's terms and conditions.

On this occasion, Head of Retail Banking Mr. Abdulnasser Ahmed Al Rayes expressed delight in this partnership between KHCB and Eskan Bank, saying 'At KHCB, we have always been keen to be one of the main supporters of all economic and social initiatives that benefit citizens. This partnership with Eskan Bank is a clear reflection of this approach, through which we aspire to meet the increasing demand for the Mazaya social housing scheme, in order to ensure the provision of affordable financing solutions for citizens.'

Mr. Al Rayes added: 'I invite everyone who meets the conditions of the 'Mazaya' social housing scheme to take advantage of our exceptional finance for this project. This offer is designed to provide speed in completing transactions and flexibility in payments, in addition to other features that come as a commitment from us towards all our clients in providing banking services that are compatible with their aspirations.'

It is worth noting that 'Danat Al Baraka' includes 211 modern villas with four different modern designs, all consisting of two floors, four bedrooms, a spacious hall, a kitchen, an extra room for domestic workers, and parking for two cars. The project is built on a land of 73,514 square meters in Janusan area in the Northern Governorate.

For more information on this offer, please contact KHCB Call Centre on [phone].