'KHCB' launches exceptional offer for purchasing housing units at 'Deerat Al Oyoun' project

Through 'Mazaya' program and with financing of up to BD 120,000 without down payment and a 25 year grace period

Abdulnasser Al Rayes

Abdulnasser Al Rayes

Manama: Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has recently introduced exceptional financing offers for the beneficiaries of the Social Housing Program “Mazaya”, enabling them to buy housing units in the second phase of the Deerat Al Oyoun project in Diyar Al Muharraq. The offer comes within the Bank's keenness to provide convenient financing solutions that contribute to granting citizens, who are benefiting from “Mazaya”, the opportunity to buy housing units that meet their aspirations.

Moreover, the exclusive offers from KHCB include granting financing services of up to BD 120,000 with a payment period of up to 25 years without Down payment, Administrative or Evaluations Fees, in addition to free Fire Insurance. Beneficiaries can also obtain additional financing to purchase residential units or furnishing with exceptional benefits that include a grace period of up to 18 months and a tenor of up to 30 years without down payment and at competitive profit rates, as per the framework of the Bank's Terms and Conditions.

The announcement of this leading initiative of KHCB comes simultaneously with the inauguration of the second phase of Deerat Al Oyoun project, in which 345 villas will be offered for sale to Bahraini citizens who meet the conditions of the “Mazaya” Program. The Project occupies 1.2 million square metres and consists of 3,000 housing units, including 515 villas designed specifically for “Mazaya” Beneficiaries. Deerat Al Oyoun is also located between residential complexes with a modern design, allowing residents quick and easy access to a range of various amenities such as public facilities and shops, as well as schools and spacious outdoor areas.

On this occasion, Head of Retail Banking Mr. Abdulnasser Ahmed Al Rayes stated: "KHCB is introducing this exceptional offer in order to contribute to efforts exerted by the esteemed Government to provide decent housing for Bahraini citizens, as it will surely enable “Mazaya” Beneficiaries to own their dream home in Deerat Al Oyoun through seamless financing solutions."

Mr. Al Rayes added: "This reflects KHCB's position as a leading Islamic bank founded on a firm principle of social partnership, which is what we are working to achieve through the exceptional offers and services we introduce to the honourable public of the Kingdom of Bahrain. I would like to call all citizens who meet the “Mazaya” program’s criteria to seize this unparalleled opportunity by visiting the Bank's stand at Deerat Al Oyoun's Sales Center starting today, or contacting KHCB’s Call Center on +973 1754 0054."


Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases