Housing Loan

Housing Loans are offered to Resident Indians and NRIs

Housing loan is offered for the following purpose

  • Construction of a residential property or to purchase ready made/ under-construction residential property or carrying out repairs/ modification/ extension to the existing residential property.
  • Existing loan takeover from other banks subject to the bank requirements and policies being fulfilled.

Product Features

Low Interest Rates

Loan tenor of up to 20 years for residents and up to 15 years for NRI customers

Easy Documentation

Low Processing Fee

Fast Turnaround time

Type of Credit FacilityMaximum ROIMinimum ROIMean ROI
Housing Loan1 Year MCLR + 25 bps
​Existing Rate 9.15% p.a.		1 Year MCLR + 25 bps
​Existing Rate 9.15% p.a.		1 Year MCLR + 25 bps
​Existing Rate 9.15% p.a.
Processing Fees & Documentation Charges (Average)0.45% of Loan Amount
Total Cost of Credit (Average per Loan)10.50% of Loan Amount (p.a.)
Penalty For Delayed PaymentsAs per offer letter
Conversion charges for switching from Floating to Fixed Interest and vice versaAs per offer letter
Mode of Communication of changes in Interest RatesBy Letter to Customers Registered address and Through SMS on Registered Mobile No.

Eligibility Requirements

Minimum employment of 3 years required

Applicant should be salaried individual

Should be confirmed employee with the present employer

Disposal Of Application :

The Bank will dispose either or accept or reject the application for Credit Limits within 45 Days from The Date of Receipt of Full Information from the Client.

Please contact the following bank staff for complete details on the documentation and eligibility calculation

BranchContact PersonBranch AddressContact NoEmail-ID
MumbaiMr. TarunKumar SukhijaJolly Maker Chambers II, 225, Nariman Point, Mumbai- 400 021022-43349293[email protected]
HyderabadMr. Syed Rafeeq6-3-252/1/3 & 6-3-252/1/3/A, Erramanzil, Hyderabad-500 082040-23258600[email protected]
AluvaMs. Preetha PerincheriGround Floor, Hotel Sunny's Building No, 19/1(2) Re S No. 26 & 81, NH 47, Bypass Junction, Aluva Junction, Dist. Ernakulam, Kerala - 6381010484-4037437[email protected]
New DelhiMr. Neel KamalGround Floor, Unit 3 & 4 , EROS Corporate Tower, Opp Nehru Metro Station, New Delhi - 110019011-45280001 / 02 / 03 / 04
[email protected]

Fees & Charges

Download Forms

Please refer the detailed Schedule of charges.

Click here to Download the Form.

Contact Us

Bank of Bahrain & Kuwait B.S.C is now registered with DICGC.

|

All the locker –Hirer are advised to execute the fresh locker agreement by contacting through their base branch on immediate basis as per the RBI revised instructions.

|

Dear Customer, as a valuable customer for our bank we welcome you to join the FX retail platform through the link https://www.fxretail.co.in/#/ for getting access to Forex dealing in USD/INR currency pair. In case of further queries, you can reach us on 022- 22-43349205/43349256/43349257 to Mr. B. Harikumar / Mr. S. Venkatachalam / Mr. Ankush Jain – Bank of Bahrain and Kuwait B.S.C"

|

“ATM/Debit card can be managed/blocked using mobile banking app “BBKonnect”- please download from App Store/ Play store.”

|

Dear Customer, Consequent upon spurt in COVID-19 cases across India and Government/local bodies actions, we request all our valued customers to use online banking for their regular banking transactions and also minimize use of cash as low as possible. Currency changing hands may also be carrying virus. For any help and details visit our website www.bbkindia.com . We assure our commitment to you and thank you for your co-operation in the current situation"

|

Reserve Bank of India(RBI) vide circular No DPSS.CO.RPPD.No 309/04.07.005/2020-21 dated Sepetember 25,2020 had announced introduction of Positive Pay System for CTS for all cheques value Rs 50000.00/- and above.

|

Dear Customer, As per Govt. guidelines and to ensure the health and safety of our customers,vendors and employees, all visitors to our branches are required to wear a face mask maintain social distancing. Entry will be allowed post screening for body temperature and status on the Aarogya Setu app. We request your co-operation in compliance of these guidelines.

|

An Appeal (Hindi-pdf) with reference to Pradhan Mantri Garib Kalyan Package, in the light of COVID-19.

|

“Dear Customer,Bank of Bahrain and Kuwait B.S.C. will never ask you to share sensitive information like OTP, CVV, passwords for moratorium on loan EMIs or any other payment. Beware of such fraudulent calls or emails. DO NOT share your OTP, User ID, Password, CVV, Expiry date etc with anyone. Stay safe and stay alert. To know more, visit www.bbkindia.com”

|

“Thank you for choosing to do business with BBK. Due to global COVID-19 pandemic, there is a great deal of uncertainty in the markets and in the current situation, BBK highlights the need for clients to carefully consider any new product and independently review risks at this highly sensitive and volatile time. We caution our clients to remain focused and vigilant in these times as the human, economic and financial impacts of this pandemic have already been huge, and it is not yet clear how quickly the situation will be brought under control and normal economic activity can resume.”

|

“As per RBI guidelines, National Electronic Fund Transfer (NEFT) is available 24 x 7 with effect from December 16, 2019.”

|

* TDS of 2% would be levied on cash withdrawals exceeding Rs 1 crore during a financial year. Click here for further details.

|

* Waiver / reduction of NEFT/RTGS charges with immediate effect Refer schedule of charges for details. Please click here for Revised service charges w.e.f.01.10.2022.

|

*Banking Facilities for Senior Citizens and Differently abled Persons.

|

* W.E.F 01.07.2017 Bank has been collecting GST @18% on applicable commission/service charges in lieu of service tax @15%.

|

* W.E.F 01.07.2017 GST on Forex conversions are being collected. Click here for rates.

|

* Please click here for current MCLR rates.

|

* Please click here for current interest rates on deposits.

|

* Details of Unclaimed Deposits. Please click here.

|

* FREE OF CHARGE unlimited usage of BBK ATM cards in other Banks’ ATMs.BBK ATM cards can be used in all ATMs of NPCI member Banks network. Click here for details.

|

*Safe Deposit Lockers facility available at our Hyderabad, Aluva & New Delhi branches. Please contact branch for details.

|

* Interest on all types of Savings Deposit shall be credited at quarterly intervals on the last working day of March, June, September and December.

|

* As per Income Tax rules, applicable TDS on deposit account is deductible on accrued interest. TDS so deducted is non-refundable.

|

* Customers are advised to register their mandates for payment before maturity on joint deposits held on "Either or Survivor" or "Former or Survivor" basis.

|

* Customers are advised to issue CTS compliant cheques only.

|

* BBK presently does not have any 3rd Party Agents/DSAs. The marketing & processing of all products are done through its branches, by the bank staff.

|

* Rupee Floating Loans/ Credit limits shall now be priced at MCLR effective 01/04/2016"click here for details

|