Tasheel+

The beneficiary receives bank financing through the “Tas’heel Plus” Program from the lending bank, including the financial subsidy. The amount is determined according to the beneficiary’s monthly income for the purpose of purchasing a residence, acquiring land, or purchasing and constructing on land. The repayment is made in monthly installments not exceeding 35% of the approved monthly income of the beneficiary at the time the allocation decision is issued.

ELIGIBILITY

Age:
21 - 40

Monthly Income:
BD 600 - BD 1,200

Terms & Conditions:

Subject to terms and conditions as per the housing regulations

OPTION 1

Financing up to:
BD 81,000

Applicant's contribution to the monthly installment:

First five years: 20%

Second five years: 25%

Remaining years of repayment:30%

OPTION 2

Financing up to:
BD 91,000

Applicant's contribution to the monthly installment:

First five years: 25%

Second five years: 30%

Remaining years of repayment:35%

FEATURES

Salary Approval – Monthly Income at the Time of Allocation

Availability of merging the husband and wife salaries

Finance amount up to BD 91,000

Income data will not be updated for the duration of the repayment

FINANCING PURPOSES

Purchasing a home (Housing Unit – Ownership Apartment)

Purchase of Land

Purchase of Land and construction

CONDITIONS

The applicant must be a Bahraini national

The applicant must be the head of the household

The applicant’s age at the time of application must be at least 21 years and not exceed 40 years of age at the time of allocation and must possess full legal capacity.

The applicant’s income at the time of submission and at the time of allocation must not be less than BD 600 and not exceed BD 1,200.

The applicant or any family member must not have previously received any housing service for the purpose of owning a dwelling provided by the government or any other entity.

The applicant’s family must reside permanently in Bahrain.

The applicant or any of their family members must not have owned a property for three years prior to the application and until the allocation. The following is considered as ownership: Anyone who has benefited from a dwelling through an Islamic financing scheme or commercial financing.

FINANCING BANKS

Financing can be obtained from one of the following banks, subject to the banks’ terms and conditions: