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Emirates NBD, the UAE’s leading bank, announced the launch of its home loan financing scheme in Abu Dhabi last night at a press conference held at The Emirates Palace Hotel in Abu Dhabi and headed by Mr. Suvo Sarkar, General Manager - Retail Banking.

Mr. Jamal Bin Ghalaita, Emirates NBD General Manager - Consumer Banking and Wealth Management said, “The Abu Dhabi real estate market is at an all time high with a series of freehold developments being introduced to the market, creating opportunities for both UAE Nationals and Expatriates to purchase property in the capital. The launch of Home Loans from Emirates NBD for residential properties in Abu Dhabi, comes at a crucial time and will be well-received by customers looking for a simple and convenient loan solution to buying property in the ever-growing city.”

Mr. Suvo Sarkar, Emirates NBD General Manager- Retail Banking added, “Emirates NBD is proud to be the largest mortgage lender amongst banks in the UAE. We have a comprehensive range of innovative mortgage products and service levels that are second to none.”

Emirates NBD’s Home Loans product is available to both UAE Nationals and Expatriates living in the country and offers high loan amounts, a very low introductory interest rate of 4.99%, extended repayment periods and a pre-approval facility. Customers are offered the choice between fixed interest rates for periods up to 7 years and floating interest rates. The bank also offers repayment break of principal amount of up to 24 months.

In addition, Emirates NBD’s Home Loans customers will be entitled to additional services such as: Pre-approved NBD credit card, NBD payroll account, the all-in-one salary transfer account with no minimum balance requirement. Also available to Home Loans customers will be free online banking, free bill pay service and free mobile service.

In Dubai, Emirates NBD recently launched its very own Mortgage Center conveniently located in Emaar Business Park, and will be opening two more Mortgage Centers soon. The center is a one stop business shop for all the mortgaging needs of current and prospective Emirates NBD customers. Amongst the services provided by the specialised center are Mortgage Consultation, Product and Account inquiries, Mortgage Application and Valuation Requests.

The Service Center functions from Sunday to Thursday between 9 am and 7 pm (between 9 am and 2 pm during the Holy month of Ramadan) while the Sales Center is open from Saturday to Thursday from 9 am to 7 pm (between 9 am and 2 pm during the Holy month of Ramadan)..Emirates NBD is the largest mortgage provider among banks in the UAE, offering a full range of mortgage products that include Home Loans, Office Loans and the innovative Offset Home Loan.

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