Bahrain's NBB unveils special finance scheme for Diyar Al Muharraq properties

The new mortgage offer on lands and homes at Diyar Al Muharraq area will enable customers to receive extremely competitive interest rates starting from 4.75%, for up to 25 years and up to 90% of the property value

  
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

The National Bank of Bahrain (NBB) has announced a special package for its customers providing tailored financing solutions on lands and homes located in Diyar al Muharraq, in a step to offer them additional mortgage solutions across a wider area of the kingdom.

The new mortgage offer on lands and homes at Diyar Al Muharraq area will enable customers to receive extremely competitive interest rates starting from 4.75%, for up to 25 years and up to 90% of the property value.

Furthermore, NBB customers will get to enjoy faster and more convenient processing times for their loan applications.

Chief Executive (Retail) Subah AlZayani said: "At NBB, we continue to cater solutions for our clients to serve their housing needs wherever and however they may be."

"In line with our commitment to support real estate projects in the kingdom, we have tailored a special offer for customers seeking to move into newly developed domestic cities, such as Diyar Al Muharraq, to cater to their property buying needs, be it land or villa, with cost efficient solutions," noted AlZayani.

"We can proudly say that we provide a wide range of housing solutions across the entire Kingdom, offering new home buyers a variety of options to choose from for their dream homes," he added.

In addition to its previous mortgage solution offers, NBB has extended its housing solutions to all its customers by introducing bespoke real estate financing products such as Mazaya Finance and Joint Housing Finance, along with delivering more value by introducing interest-free land registration and life insurance repayments throughout the duration of the loan.

Additionally, customer’s benefit from free fire insurance for all real estate financing services from NBB, he added.-TradeArabia News Service

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