Hello guys,
I am an expat working in Al Khobar, and i am planning to buy a small property in Bahrain instead of renting, to benefit from it as an investment.
Do you know banks in Bahrain that can grant me a housing loan without having a CPR? i do have saudi iqama of course and proof of wealth, and i can provide salary certificate, but i called different banks and i asked around but no clear information received, and what i understood that some banks are giving to expat housing loans without having CPR.
Please if anyone can provide useful information about such banks in Bahrain as i am planning to move in February 2018.
Thanks to all.
Loans in Bahrain without having a CPR
huss688
18 December 2017 15:49:17
4
TheLegendLeads
18 December 2017 19:58:10
5763
To the best I know, no bank in Bahrain will offer you any loans in absence of a CPR. It's just like how Iqama works in KSA. No CPR would mean no bank accounts, no postpaid lines, co credit history....dead-end!
huss688
19 December 2017 15:57:02
4
Thank you for your feedback. Updates: i am working now to get a residence permit and CPR, they said it is possible even if you dont work in bahrain, but with saudi iqama it is possible. I will update the frame once i have any news. regards,
ronywell
15 January 2018 23:34:44
13
NO BANK CAN give loan without CPR, some indians may do they call it 5 6 and it's not allowed legally as far as i know
ogzcmn
16 January 2018 09:33:32
49
it is just possible if you are citizen of other GCC countries or USA. Rather than no chance.
raman1985
17 January 2018 13:06:56
9
Hi, to the best of my knowledge its not possible without CPR. I heard citibank has some easy norms but definitely not without CPR,
Regards,
XTang
17 January 2018 13:29:19
11242
You need to have a CPR or failing that a GCC ID (i.e. be a GCC national).
A lot of things can work on a Saudi Iqama like renting a house etc but not loans.
Having said that, there ARE banks that give loans to non-residents to buy property but not in Bahrain. These are UAE based like Mashreq and the property purchase must be in the UAE.
You might try and get a loan from your Saudi bank to have the capital to buy a property or see if they can sponsor a Bahrain property purchase for you? not likely I know.
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