| 12 Jun 2008 |
|
Bahrain: BMI enhances home loan range
- Text size
Bahrain based BMI BankBMI Bank
yesterday unveiled its enhanced mortgage loan range designed to serve the needs of all retail customers with property finance needs. Simultaneously, the bank also announced its new pre-approval process, committing to provide an answer on mortgage loan commitments and conditions within a maximum of 24 hours to customers who provide their CPR and evidence of income.Announcing the launch, Andrew Bainbridge, Chief Executive Officer of BMIBMI
said: "I am delighted to unveil our new mortgage loan offerings. We are committed to delivering innovative products and services and our new range of mortgage loan products is part of that commitment. We believe that the range of mortgage products enables us to better meet the needs of customers."The extended range comprises four new mortgage loan products - Own Residence, Investment Purpose, Home Equity Release and First Time Buyers.
"Our new pre-approval process also helps prospective customers to rapidly and clearly understand the mortgage loan amount they can obtain from BMIBMI
, enabling them to make more informed property choices, backed by the certainty of pre-approved support from BMIBMI." "I am particularly delighted that we are offering first time buyer mortgages for Bahrainis wanting to get onto the property ladder. We are committed to helping first time buyers to acquire their own homes through supportive and sustainable payment plans."The new range is designed for both Bahrainis and expatriates who wish to seek housing finance for properties in the Kingdom, offering a range of benefits including higher Loan to Property Value (LTV), tenure of up to 30 years, affordable interest rates, low down payment and rapid processing amongst others. The Bank will also provide refinancing options to customers with existing housing loans from other organisations.
BMIBMI
operates through a network of four branches and 10 offsite ATMs, with net banking for easy access to services. Its flagship retail product, the Al Mazyona Saving Certificate, was recently refreshed with a revised prize scheme offering its customers more prizes and chances to win.
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
More News in Financial Services
Loading ...Free Newsletter
Get the latest news from Financial Services and other Free newsletters.
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.