NBB launches financing offers for ‘Danaat Al Baraka’

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The National Bank of Bahrain yesterday announced launching exclusive Mazaya Finance solutions for ‘Danaat Al Baraka’, Eskan Bank’s latest real estate project, as part of NBB’s ongoing efforts to diversify its housing financing offerings in conjunction with Eskan Bank. The ‘Danaat Al Baraka’ project, located off Al Nakheel Highway in Jannusan, comes with an exclusive financing package, designed specifically for customers under the Mazaya Finance scheme.

The offers, launched with a roadshow for 30 days starting yesterday, includes exclusive interest rates along with loan amounts equal to 100% of the property value, a tenor period of up to 25 years and an instant approval process. Customers will also benefit from loan processing fees and property evaluation fees waived as part of the exclusive offer.

This offer also includes the full payment of the property registration fees on behalf of the customer whereby as a show of appreciation, NBB will cover the property registration fee of 1.7% of the property value paid directly to the Survey & Land Registration Bureau (SLRB).

Additionally, customers will receive free lifetime fire insurance coverage, as well as an optional feature to amortise the life insurance premium on monthly instalments through the tenor of their loan.

As a value-added option, the first 15 customers to apply will receive free gift vouchers worth BHD 500 from Sharaf DG. Subah A. Latif Al-Zayani, Chief Executive - Retail Banking, said, “With this offer, we aim to both enrich our customers’ lives and enhance their home buying experience through our Mazaya Finance Scheme solutions.