Emirates NBD to launch home-loan financing plan

Jamal bin Ghalaita

Emirates NBD, holding company of Emirates Bank and National Bank of Dubai, said it is gearing up 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 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. We have strategically timed the launch of this new mortgage product with the start of Cityscape Abu Dhabi 2008 to ensure visitors are provided with easy loan solutions when buying property."

Emirates NBD's Home Loan product is available to UAE nationals and expatriates and offers high-loan amounts for financing of residential properties in Abu Dhabi. It offers customers competitive introductory interest rate of 4.99 per cent, extended repayment periods and pre-approval facility.