Dubai Properties, a subsidiary of Dubai Properties Group (DPG), together with Standard Chartered Bank, will offer ‘Easy Loan’ mortgages – a funding option for buyers and owners of residential units at the Executive Towers.

As part of the Easy Loan, Standard Chartered Bank will directly evaluate the customer’s property through independent surveyors and offer the finance with minimal documentation requirement from the client.

In order to benefit from the Easy Loan mortgage product, customers must be resident in the UAE and should meet the minimum eligibility criteria of the bank.

“Dubai Properties’ alliance with Standard Chartered, one of the leading mortgage providers, is part of an endeavour to provide our clients with viable loan options,” said Mohamed Binbrek, group CEO of DPG.

“We are focused on leveraging synergies across the real estate sector and aim to continue delivering strong investment values to our customers and give them the confidence and security to invest in the real estate market.”

Standard Chartered Bank’s Easy Loan mortgage product offers financing of up to 40 per cent of the property price. Customers can take advantage of the financing terms for the final payment from Dh150,000 ($40,800) to Dh10 million ($2.72 million) for tenure of 3 to 25 years on Dubai Properties’ Executive Towers residential units.

Customers also have an option of financing their land registration charges as part of the loan.

Chris de Bruin, head of consumer banking, Standard Chartered UAE said: “The new Easy Loan mortgage product is an important addition to Standard Chartered’s approach to delivering on its customer centric strategy – delivering simplified and tailored solutions to our consumer banking customers.”

“We are delighted to launch this product in partnership with Dubai Properties and reaffirm Standard Chartered Bank’s commitment and confidence in the real estate market and key developers in the UAE,” he added. – TradeArabia News Service