Bahrain's NBB hands over Deerat Al Oyoun housing unit

This comes as part of NBB’s Mazaya finance programme in partnership with the Housing Ministry and Eskan Bank

  
The new corporate logo of National Bank of Bahrain is seen over the main entrance of the bank in Manama, Bahrain, February 26, 2019. Picture taken February 26, 2019.

The new corporate logo of National Bank of Bahrain is seen over the main entrance of the bank in Manama, Bahrain, February 26, 2019. Picture taken February 26, 2019.

REUTERS/Hamad I Mohammed

Manama: National Bank of Bahrain (NBB) has announced the handover and delivery of a housing unit in the Deerat Al Oyoun project, located in Diyar Al Muharraq.

This comes as part of NBB’s Mazaya finance programme in partnership with the Housing Ministry and Eskan Bank. The property was handed over during a ceremony in the presence of senior NBB and Eskan Bank officials.

“NBB customers who are interested in purchasing a property in Deerat Al Oyoun, a warm and welcoming community which is located at the heart of Diyar Al Muharraq, will avail of a range of benefits, providing them with a seamless experience when purchasing their dream home,” said Subah A Latif Al Zayani, chief executive – retail banking at NBB.

Mohamed Raees, head of retail relationship management at NBB said: “As the first of its kind offer in Bahrain, the bank will not require a down payment and customers will be able to benefit from NBB covering the property registration fees of 1.7 per cent of the property value, as well as low interest rates and competitive pricing on their loan, as well as being provided with a repayment period of up to 25 years for the total value of the property.

“Customers will also be exempted from any loan processing and administrative fees, and as a gesture of goodwill, each new homeowner will receive an additional amount of BD500 as a gift voucher from Sharaf DG to ease their move into their new home.”

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