NBK - Jordan offers housing loans

Kuwait, July 31, 2011

National Bank of Kuwait – Jordan is inviting Kuwaitis and Jordanians living in Kuwait to apply for loans to purchase property in Jordan from any NBK branch.

This offer is accessible to all those who wish to avoid the prolonged procedures of loan applications separate from their summer holidays in order to concentrate on searching for their dream home, a statement said.

“We are offering two very attractive interest rate options on these loans with flexible repayment tenures, fast approvals and a simple process,” said NBK-Jordan general manager Jabra Ghandour.

A client can choose between a 6 per cent rate for the first year which is annually reviewed from the second year onwards, and a 7 per cent rate fixed for 3 years which is annually reviewed from the fourth year onwards. Both interest rate options are linked to NBK Jordan’s prime rate, he said.

“We aim to make the process as simple as possible in order for our customers to benefit as much as possible through flexible terms and minimal effort.”

“Any of our 70 branches in Kuwait are equipped to offer assistance and shall be happy to advise our customers of the requirements for taking out this loan,” Ghandour added. – TradeArabia News Service

Tags: Kuwait | Housing loans | NBK – Jordan |