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NBB announces handover of key Bahrain residential project

MANAMA, August 9, 2020

National Bank of Bahrain (NBB) has announced the handover of a key residential unit at Deerat Al Oyoun project within Diyar Al Muharraq, one of the largest integrated cities in the kingdom. 
 
This comes as part of NBB’s Mazaya Finance programme which is being carried out in partnership with Ministry of Housing and Eskan Bank. 
 
The property was handed over during a ceremony in the presence of senior officials from the NBB and Eskan Bank.
 
The customer who received his villa expressed his satisfaction with the smooth process and urged others to benefit from Al Mazaya Finance offer from NBB, mentioning that those who wish to avail a property in ‘Deerat Al Oyoun’ project and purchase their dream home will have a smooth experience, approvals within one working day and completion of procedures with the various stakeholders in record time.
 
CEO (Retail Banking) Subah A.Latif Al Zayani said: "As part of our inherent duty as the national bank, and in line with our efforts to remain closer to our customers, NBB continues to support Bahrainis with obtaining the ideal home for their families in partnership with the Ministry of Housing, as it is our responsibility to support with providing housing solutions for citizens."
 
NBB customers who are interested in purchasing a property in ‘Deerat Al Oyoun’, a warm and welcoming community which is located at the heart of Diyar Al Muharraq, will avail from a range of benefits, providing them with a seamless experience when purchasing their dream home.”
 
Head of Retail Relationship Management Mohamed Raees said: "Because we value our customers and are committed to staying closer to their needs, we have been sure to provide them with added benefits."
 
"As the first of its kind offer in Bahrain, the bank will not require a down payment and customers will be able to benefit from NBB covering the property registration fees of 1.7% of the property value, as well as low interest rates and competitive pricing on their loan, as well as being provided with a repayment period of up to 25 years for the total value of the property," remarked Raees.
 
"Customers will also be exempted from any loan processing and administrative fees, and as a gesture of goodwill, each new homeowner will receive an additional amount of BD500 as a gift voucher from Sharaf DG to ease their move into their new home," he added.-TradeArabia News Service



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