Register | Forgot password?
Switch to Arabic
Tuesday, November 10 - 2009

Emirates NBD gears up to launch home loan financing in Abu Dhabi

  • United Arab Emirates: Tuesday, May 13 - 2008 at 15:13
  • PRESS RELEASE

Emirates NBD, holding company of Emirates Bank and National Bank of Dubai, announced it is gearing up to launch its home loan financing scheme in Abu Dhabi.

Article continues below
  • Mr. Jamal Bin Ghalaita, Emirates NBD General Manager- Consumer Banking and Wealth Management.
    Mr. Jamal Bin Ghalaita, Emirates NBD General Manager- Consumer Banking and Wealth Management.
Mr. Jamal Bin Ghalaita, Emirates NBD General Manager- Consumer Banking and Wealth Management said, "Abu Dhabi is a very significant market for Emirates NBD, especially with the property boom that can be clearly witnessed in the city.

More and more customers are investing in the capital and now, with the launch of the mortgage loans for properties in Abu Dhabi, customers will easily and conveniently buy property in the emirate.

We have strategically timed the launch of this new mortgage product with the start of Cityscape Abu Dhabi 2008 to ensure that visitors at the show are provided with easy loan solutions when buying property at this International property show."

Emirates NBD's Home Loan product is available to both UAE nationals and Expatriates living in the country and offers high loan amounts for the financing of residential properties in the emirate of Abu Dhabi.

Emirates NBD offers customers competitive introductory interest rate of 4.99%, extended repayment periods and pre-approval facility. Customers are offered the choice between floating and fixed interest rates with periods up to 7 years.

The bank also offers repayment break of principal amount of up to 24 months.

In addition, Emirates NBD Home Loan customers will be entitled to additional services such as: pre-approved NBD credit card, NBD payroll account, the all-in-one salary transfer account with no minimum balance requirement.

Also available to home loan customers will be free online banking, free bill pay service and free mobile service.

In Dubai, Emirates NBD recently launched its very own Mortgage Centre conveniently located in Emaar Business Park.

The center is a one stop business shop for all the mortgaging needs of current and prospective Emirates NBD customers. Amongst the services provided by the specialised centre are Mortgage Consultation, Product and Account inquiries, Mortgage Application and Valuation Requests.

The Service Centre functions from Sunday to Thursday between 9 am and 7 pm while the Sales Centre is open from Saturday to Thursday from 9 am to 7 pm.

Emirates NBD is the largest mortgage provider among banks in the UAE, offering a full range of mortgage products that include home loans, office loans and the innovative offset home loans.
Also consider reading:
Log in to request more information from Emirates NBD

Notes and media contacts

About Emirates Bank
Emirates Bank offers a full range of retail banking products and services under the 'me' brand name. These include: Current & Savings Accounts, Tiered Saving Accounts, Term Deposits, Personal Loans, Car Loans, Credit Cards, Insurance Products, banking products for Indian and Lebanese Expatriates, as well as well as Credit Card Loyalty Programme. In addition, Emirates Bank offers its customers priority banking services through Al Shaheen.

Emirates Bank offers its customers the convenience of banking across a range of channels (on-line, phone banking) and through visiting one of the wide network of branches across the UAE. Emirates Bank has been awarded the coveted status of a 'Superbrand' for the past four consecutive years. For more information on Emirates Bank, kindly visit: www.emiratesbank.ae.

National Bank of Dubai currently has an extensive branch network that includes 39 branches throughout the UAE. In addition, NBD also has a branch in London and Qatar as well as a representative office in Tehran.

For more press information please contact:

Zeina El Haj
Head of Marketing, Communication & Events-
Consumer Banking & Wealth Management
Emirates NBD
Tel: 04 209 2669
Fax: 04 2329147

Shimaa Elsayed
Senior Account Manager- PR
Tamra-C2
T: 04 295 1177
F:04 295 1188

About Emirates NBD
Emirates NBD (DFM: ENBD) is a Dubai-based banking group resulting from the merger of Emirates Bank Group and National Bank of Dubai Group. It is the biggest banking group in the GCC by assets and the biggest banking group in the UAE by market capitalization. The Group has a leading retail banking franchise in the UAE, with over 100 branches and over 430 ATMs. It is a major player in the UAE corporate banking arena, with a combined market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations. The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.

About National Bank of Dubai
Founded in 1963, National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Known as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike. Recognizing this leading performance, NBD has been awarded with the Dubai Quality Award for the year 2005.

Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD offers customers automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), an SMS based service (NBD Mobile) and an online brokerage trading in UAE shares through its subsidiary, NBD Securities.

NBD also recently established NBD Investment Bank which is its' investment arm operating from DIFC. With a comprehensive card portfolio that provides an array of benefits, NBD has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions