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Emirates NBD home loan facility in Abu Dhabi
- United Arab Emirates: Thursday, September 11 - 2008 at 07:52
Emirates NBD, the largest bank in the UAE in terms of assets, has launched a home loan financing scheme for residential properties in Abu Dhabi. The bank is offering mortgages with an interest rate linked to the Emirates Interbank Offered Rate (Eibor), which stands at 3.1%. The loans are available to both UAE nationals and expatriates living in the country and offers high loan amounts, an introductory interest rate of 4.99%, 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.
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Jeff Florian, Senior ReporterThursday, September 11 - 2008 at 07:52 UAE local time (GMT+4)
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