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BBK... improved mortgage plan for non-resident Indians

BBK launches new mortgage product for NRIs

MANAMA, October 19, 2014

BBK, one of the largest locally incorporated retail and commercial banks in Bahrain, has launched its new and improved mortgage loan product for the benefit of Non-Resident Indians (NRIs) through its branches in India.

As part of its overall marketing strategy to offer a complete range of retail products to its clients and prospective clients and to also assist Indian nationals to own property in India, BBK through its presence in India, offers mortgage loans to the salaried class that has been working outside India, reported the Gulf Daily News, our sister publication.

BBK has a presence of over 27 years in India and has grown its business through corporate banking and trade finance with an increasing presence in retail banking through consumer loans to salaried people.

BBK India has recently expanded its branch network to four branches in India covering west, south and northern parts of the country through full service branches at Mumbai, Hyderabad, Aluva (Kochi) and New Delhi.

The bank has also recently strengthened its capital base to augment its capacity to conduct its business in India.

BBK's total business in India is 16.7 billion rupees ($272 million) with loans and advances of 8.6 billion rupees ($140 million).

The mortgage loan product has been conceived on competitive terms.

The minimum and maximum loan amounts range between one million rupees and 30 million rupees ($489,000) depending upon the city and salary drawn by the NRI customer.

The loans are also available for the resident Indians on similar terms. – TradeArabia News Service




Tags: BBK | Mortgage | NRI |

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