Mazaya
Mazaya is a social housing finance scheme from the Ministry of Housing and Al Salam Bank is a leading participating Bank in the scheme. All Mazaya beneficiaries can start owning their dream home through a subsidized property facility by the Government of Bahrain.
Mazaya Features:
| Eligibility | Salaried individuals employed in an approved employer within the bank and with valid Mazaya eligibility letter |
| Financing tenure | Up to 25 years |
| Maximum property value | BD 120,000 |
| Maximum Mazaya finance | BD 81,000 |
| Maximum Mazaya installment | 25% of gross salary |
| Maximum top-up finance | BD 39,000 |
| Down payment | Zero down payment |
Documents required:
- Two valid IDs.
- Salary Certificate.
- Latest Pay Slip.
- Latest 3 months Bank Statement.
- Eligibility Certificate Provided from the Ministry of Housing.
- Unit Approval Certificate provided from the Ministry of Housing.
- A copy of the Subject Property Title Deed or Sale and Purchase Agreement.
Own your dream home now!
For further information, please contact our client care center on 17005500.
To view the Annual Profit Rate (APR), please click here.
To view Banking Services Agreement, click here.
*Terms and Conditions apply
