ila Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

ila Bank suits Bahraini and non-Bahraini borrowers in Bahrain who want a long personal loan for home improvement at a low rate. Personal loan APR of 4.81% starts well under the personal loan median of 12.25%, and the term runs to 84. The trade-off is a flat origination fee and no free early repayment.

Key facts

Best for
A low rate personal loan in Bahrain for home improvement, repaid over a long term.
APR
4.81% (Source, checked September 26, 2026)
Loan amount
from BHD 1,000 (Source, checked September 26, 2026)
Term
84 months (Source, checked September 26, 2026)
Arrangement fee
BHD 110 (Source, checked September 26, 2026)
Funding time
Funds credited directly to the ila BHD account upon approval (Source, checked September 26, 2026)
Representative example
Personal Loan APR starts from 4.81% for a BHD 10,000 loan facility over a 7-year term (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
21+; age at maturity 65 Bahrainis, 60 non-Bahrainis; min income BHD 400 Bahrainis, BHD 1,000 non-Bahraini, BHD 2,000 self-employed; employment 3-6 months (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Arab Banking Corporation B.S.C. (Source, checked September 26, 2026)
Headquarters
Bahrain (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Official website
ilabank.com

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInX

Pros and cons

Pros

  • APR of 4.81% starts well below the personal loan median of 12.25%
  • Term of 84 gives one of the longest repayment windows compared on our data
  • Funds credited directly to the ila BHD account upon approval
  • Support runs on email, phone and help centre

Cons

  • Free early repayment: no, so repaying sooner still carries charges
  • An origination fee of BHD 110 applies to the personal loan
  • Loan types cover personal only, with home improvement the stated use case
ila Bank

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Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Adults in Bahrain with the minimum income required, on a salary or self-employed
  • Borrowers who want a long 84 term to keep monthly repayments low
  • Anyone planning home improvement work in Bahrain

Who should look elsewhere

  • Borrowers who want to clear a home loan early without charges, since free early repayment is no
  • Borrowers wanting a loan outside Bahrain, as BH is the home market
  • Anyone after a secured or car loan, as personal covers personal only

How it compares on our data

On APR, ila Bank sits at position 63 of 350 brands compared, with an APR of 4.81% against a personal loan median of 12.25%. On term it ranks 40 of 232, with a term of 84 against a median of 48. Borrowings start at from BHD 1,000 and an origination fee of BHD 110 applies.

The company behind it

ila Bank is operated by Arab Banking Corporation B.S.C., with its home market in Bahrain. It is a direct lender, so the decision and the terms come from the bank itself rather than a broker. The Central Bank of Bahrain is the regulator listed for this market. Support runs on email, phone and help centre.

How ila Bank compares

Where ila Bank is available

Available
Bahrain
Licence in Bahrain
Central Bank of Bahrain, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does ila Bank charge on a personal loan?+

Personal loan APR of 4.81% is the headline rate, set out in the fees and charges for conventional loans. The representative example starts from that rate for a loan facility over a longer term. That sits well under the personal loan median of 12.25% on our data.

What fees are charged on an ila Bank personal loan?+

An origination fee of BHD 110 applies to the personal loan. Free early repayment: no, so settling the loan ahead of schedule still carries charges. The fees and charges document is the place to check the full list before borrowing.

How long can I borrow for with ila Bank?+

The term is 84 for the personal loan, which is a long repayment window compared with the personal loan median of 48. On our data it ranks 40 of 232 brands on term. A longer term keeps the monthly repayment smaller.

How much can I borrow from ila Bank?+

Borrowings start at from BHD 1,000 on the personal loan. Home improvement is the stated use case for the facility, alongside personal lending. Repayment runs over a term of 84 at an APR of 4.81%.

Is ila Bank regulated and who protects the money?+

The Central Bank of Bahrain is the regulator listed for BH, where ila Bank operates. The bank lends as a direct lender, so terms and decisions come from the bank itself. The listed protection scheme is not stated in the published facts for this lender.

Who can apply for an ila Bank loan?+

Eligibility is a minimum age plus a minimum income, and the age at maturity and income thresholds both differ for Bahrainis and non-Bahraini applicants, with a higher minimum for the self-employed. Applicants also need a waiting period with their current employer. The facility is priced at an APR of 4.81% in Bahrain.

How is the money paid out by ila Bank?+

On approval, funds are credited directly to the ila BHD account. The bank is a direct lender, so the application and the decision sit with one provider. Support is available by email, phone and a help centre.

Does ila Bank lend for anything other than home improvement?+

Loan types cover personal borrowing, and home improvement is the stated use case. There is no car, business or secured product listed, so borrowers after those should look elsewhere. A term of 84 gives room to spread the cost.

Sources

  • assets.ctfassets.net/2c8e80nprabl/1U5eLaHr7a8fefU4J8bwKB/... checked September 26, 2026

    Backs: APR, Free early repayment, Legal entity, Lender type, Arrangement fee, Representative example, Term, Licences

    “Personal Loan APR starts from 4.81% for a BHD 10,000 loan facility over a 7-year term.”

  • ilabank.com checked September 26, 2026

    Backs: Support channels

    “Contact Center: +973 17123456 Email: support@ilabank.com”

  • ilabank.com/AboutUs checked September 26, 2026

    Backs: Headquarters

    “We're a growing team, based in Bahrain”

  • ilabank.com/ila%20Personal%20Loan checked September 26, 2026

    Backs: Loan amount, Eligibility, Funding time, Loan types, Use cases

    “Access a personal loan starting from BHD 1,000”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Credit check.

ila Bank

ila Bank

A low rate personal loan in Bahrain for home improvement, repaid over a long term.

9.2/10See alternatives

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