Business | Banking
Emirates NBD provides home loan-financing to nationals and expats in Abu Dhabi
Emirates NBD announced the launch of its home loan-financing scheme in Abu Dhabi on Tuesday.
- Staff Report
- Published: 14:55 September 10, 2008
Dubai: Emirates NBD announced the launch of its home loan-financing scheme in Abu Dhabi on Tuesday.
Jamal Bin Ghalaita, Emirates NBD General Manager - Consumer Banking and Wealth Management said, "The Abu Dhabi real estate market is at an all-time high with a series of freehold developments being introduced to the market, creating opportunities for both UAE nationals and expatriates to purchase property in the capital. The launch of Home Loans from Emirates NBD for residential properties in Abu Dhabi, comes at a crucial time and will be well-received by customers looking for a simple and convenient loan solution to buying property in the ever-growing city."
Emirates NBD's Home Loans product is available to both UAE nationals and expatriates living in the country and offers high loan amounts, a very low introductory interest rate of 4.99 per cent, extended repayment periods and a pre-approval facility.
Customers are offered the choice between fixed interest rates for periods up to 7 years and floating interest rates. The bank also offers repayment break of principal amount of up to 24 months.
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