ADIB offers profit rate-free home financing
Abu Dhabi, April 22, 2014
Abu Dhabi Islamic Bank (ADIB), a top-tier financial institution, is offering personal finance of up to Dh200,000 at a zero profit rate to help cover transaction costs associated with buying a property.
The offer is being launched this week at the Cityscape Abu Dhabi property exhibition, where ADIB has a prominent stand. The offer will be available until the end of May.
With confidence returning to the UAE real estate market, ADIB has enhanced its home finance offering, responding to customer’s demands for new products and making the process of purchasing a home much easier.
The latest offer is for customers who take home financing from ADIB, and is limited to 10 percent of the value of the home financing package up to a maximum of Dh200,000.
“When people find the home they want, they often only look at the price tag and forget that there are many other costs involved, such as commission and solicitors’ fees. This type of short-term financing offer from ADIB should relieve some financial pressure on homebuyers,” said Jamal Alvi, business head of assets, Retail Banking, ADIB.
He also said: “ADIB is now providing the complete package, and making the process of applying for home financing simpler and more transparent, while maintaining a strict approval criteria. We will also provide our customers with advice on affordability when buying a home and general budgeting, to ensure they do not overstretch themselves financially.”
In addition to the best home finance offering in the country as described by SouqAlMal.com and what it has to offer such as free property Takaful paid by ADIB, optional up to 6 month payment holiday, no processing fees on most of our products, no early settlement charges when selling your property to name a few. - TradeArabia News Service