| 12 Aug 2010 |
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RAKBANK Launches Ramadan Auto Loan Promotion
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Bank Extends Special Offers during Holy Month
In the spirit of giving surrounding the holy month of Ramadan, RAKBANKRAKBANK
's latest generous promotion puts customers in the driver seat of new cars this summer while sparing them any financial payments for the following 3 months. Running during the holy month of Ramadan, the RAKBANKRAKBANK Auto Loan Promotion offers customers the chance to buy a selection of new cars not only by scrapping the need for a down payment, but also by conveniently delaying the first loan repayment for 90 days after car registration.
"With our frequent program of value-added promotions and benefits, RAKBANKRAKBANK is committed to its overall strategy of providing innovative, valuable and competitive financial solutions to our customers every season," said Graham Honeybill, RAKBANKRAKBANK General Manager.
RAKBANKRAKBANK is also extending its spirit of giving with its Ramadan Loan Instalment Deferral, granting customers an automatic instalment deferment on personal loans and SME loans, as well as customers with existing Auto Loans. "With Ramadan falling during the summer season, customers may have additional expenses this year to cover summer vacations and Eid Al Fitr celebrations," added Honeybill. "RAKBANKRAKBANK's Ramadan promotions will help ease customers' financial responsibilities during this season while maximizing their benefits."
RAKBANKRAKBANK
Auto Loan Promotion comes with a competitive interest rate of 4.75% per annum for all new vehicles, accompanied with flexible payment terms that stretch up to 84 months. In addition, RAKBANKRAKBANK brings its new and existing Auto Loan customers rewarding motor insurance policies from Oman Insurance Company, offered to customers with a promotional premium rate of 3.75% during the month of Ramadan. The motor insurance policy also presents customers, up until March 31st, 2011, with a chance to win a luxury Lexus SUV and free Motor Insurance as well as many unmatched benefits including free cover for the 13th month of insurance, attractive Cashback on using RAKBANKRAKBANK Credit Card for premium payment, and agency repair.The RAKBANKRAKBANK Auto Loan Promotion will run through the month of Ramadan and will be available at select showrooms across the UAE. For further information, kindly contact RAKBANKRAKBANK at 04 213 0000.
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About RAKBANK
RAKBANKRAKBANK
, also known as the National Bank of Ras Al-Khaimah, is a leading retail bank in the UAE, serving 340,000 customers. Founded in 1976, the bank is one of the country's oldest local financial institutions and today one of its fastest growing most dynamic banks and a major player in the personal banking sector in the UAE. The bank offers a wide range of personal banking services through its 28 branches and telephone and online banking channels. It is a leading provider of credit cards and a prominent player in mortgage finance and small to medium enterprise finance.
Media Contacts:
Lamis Daoud
Tel: 971 4 2915055
Mobile: 971 50 5973247
Email: lamis.daoud@rakbank.ae
© Press Release 2010
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