Emirates NBD, holding company of Emirates Bank and National Bank of Dubai, is set to launch its home loan financing scheme in Abu Dhabi.

Jamal Bin Ghalaita, Emirates NBD general manager- Consumer Banking and Wealth Management, said: “Abu Dhabi is a very significant market for Emirates NBD, especially with the property boom that can be clearly witnessed in the city.  More and more customers are investing in the capital and now, with the launch of the mortgage loans for properties in Abu Dhabi, customers will easily and conveniently buy property in the emirate.

The scheme will be launched at the Cityscape Abu Dhabi expo which opened today.

“We have strategically timed the launch of this new mortgage product with the start of Cityscape Abu Dhabi 2008 to ensure that visitors at the show are provided with easy loan solutions when buying property at this International property show.”

Emirates NBD’s Home Loan product is available to both UAE nationals and expatriates living in the country and offers high loan amounts for the financing of residential properties in Abu Dhabi. 

Emirates NBD offers customers competitive introductory interest rate of 4.99 per cent, extended repayment periods and pre-approval facility.
Customers are offered the choice between floating and fixed interest rates with periods up to 7 years.  The bank also offers repayment break of principal amount of up to 24 months, he said.

In Dubai, Emirates NBD recently launched a Mortgage Centre conveniently located in Emaar Business Park. 

The center is a one stop business shop for all the mortgaging needs of current and prospective Emirates NBD customers. –TradeArabia News Service