UAE's FAB offers special mortgage, savings rates for golden visa holders

The bank says the benefits will contribute towards allowing global talent to make permanent homes in the UAE

  
Image for illustrative purposes. First Abu Dhabi Bank head office situated at Khalifa Business Park Abu Dhabi.

Image for illustrative purposes. First Abu Dhabi Bank head office situated at Khalifa Business Park Abu Dhabi.

First Abu Dhabi Bank/ Handout via Thomson Reuters Zawya

First Abu Dhabi Bank (FAB) is offering special fixed mortgage rates and savings deposit rates for Golden Visa holders in Abu Dhabi. 

FAB has partnered with Abu Dhabi Residents Office to offer these incentives. 

The visa holders will be able to access a five-year fixed mortgage rates starting from 2.49 percent per year with a fee waiver, in addition to iSave deposit rates of up to 1.68 percent per year. 

Futoon Almazrouei, Group Head of Consumer Banking Group - UAE, said: “By providing recipients of the UAE Golden Visa exclusive benefits for mortgages and deposit products, FAB is making it easier for global talent to establish a long-term home in Abu Dhabi.” 

“At FAB, we will continue to be a supporter of the UAE's strategic objectives, working closely with the federal and local governments to create impactful solutions for the benefit of the country and its residents,” Almazrouei added.   

The Golden Visa programme was launched by the UAE Government in 2019. Under the scheme, successful applicants can obtain long-term residence visas that enable them to live, work, study and invest in the UAE. 

The partnership between FAB and ADRO is the latest in a series of collaborations launched to support strategic government initiatives. 

(Writing by Imogen Lillywhite; editing by Seban Scaria)

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© ZAWYA 2021


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