NBB launches home finance & equity promotions to support existing owners and buyers of new properties

NBB's newly relaunched Home Finance Loan aims to support existing and new customers to purchase a new property with a competitive interest rate, the ability to borrow up to 80% of property value and a tenor available up to 25 years


Manama: National Bank of Bahrain (NBB) announced a special Home Finance & Home Equity promotions from April 2019 until year end, giving existing home owners and new buyers additional support and even more competitive terms.

NBB’s newly relaunched Home Finance Loan aims to support existing and new customers to purchase a new property with a competitive interest rate, the ability to borrow up to 80% of property value and a tenor available up to 25 years.

Similarly, the promotion for NBB’s Home Equity Loan is available to existing and new-to-bank customers, who can leverage and unlock the value of their homes in order to secure financing for various purposes including, but not restricted to, home improvements, educational expenses and investment opportunities. Features and benefits of the promotion include: a highly competitive interest rate, ability to borrow up to 80% of their homes’ value (up to BHD350,000), flexible loan repayment terms up to 15 year and complementary life and fire insurance.

Commenting, Mr. Nabeel Ahmed Mustafa, Head of Network Management and Strategy at NBB said, “We are excited to kick off another promotion to help our customers maximise the value of their homes -one of their most important assets- and also extend to new and existing customers competitive mortgage rates and terms in the market, allowing them to purchase a new property. These promotions have been reactivated as part of the Bank’s overall strategy to ensure the Bank’s continuation as the leading property finance provider in the Kingdom of Bahrain.”

About National Bank of Bahrain B.S.C

National Bank of Bahrain B.S.C. (“NBB”), was established in 1957 as Bahrain’s first locally owned bank, incorporated under the laws and regulations of the Kingdom of Bahrain. NBB has grown steadily to become the Kingdom’s leading provider of retail and commercial banking services. With a major share of the total domestic commercial banking market and the largest network of 25 branches and 61 ATMs, NBB plays a key role in Bahrain’s Economy. NBB continues to diversify and develop capabilities to capture business opportunities in the Gulf region and international markets with the Abu Dhabi and Riyadh branch leading the way in this initiative. NBB is listed publicly on the Bahrain Bourse. For more information, please visit: https://www.nbbonline.com

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Zahraa Taher
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Email: ztaher@finmarkcoms.com 

© Press Release 2019

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