Bahrain: Reduced Fees on Personal Loans Implemented
New administrative fees have been set by the Bahraini Central Bank which will apply to personal, certain real estate property loans from 1 June 2020. The new fees are less than the ones imposed previously by banks and will enable the customers to get loans at a lower cost and ensure greater transparency in the mechanism for calculating these fees. The rates are 100 Dinars for personal and vehicle loans and 200 to 500 Dinars for real estate property loans.