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."
© Press Release 2021