NBB offers financing solutions at Housing Finance Exhibition

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

The National Bank of Bahrain (NBB) is currently participating in the second Housing Finance Exhibition, hosted and organised by the Ministry of Housing and Urban Planning, in collaboration with Eskan Bank.

The 10-day event is taking place in the Bahrain City Centre Galleria and will run until the 24th of June.

NBB is providing financing solutions for prospective customers while nineteen housing agents from across the Kingdom are showcasing and marketing properties.

Visitors to the exhibition will be able to explore different forms of financing and receive guidance from NBB representatives on; ‘social finances’, ‘topup finances’ and ‘property finances’.

Prospective homeowners will be able to discuss attaining government-backed Tas’heel and Mazaya housing financing through NBB.

These financing options include competitive interest rate pricing, flexible repayment terms, amortised property registration fees, free fire insurance and property evaluation including finance up to 30 years.

The properties being sold form part of the wider Government Development Land Program (GDLP) and include the “Suhail Project,” that consists of 132 stunning residential villas, designed and constructed to the very highest standards.

All the villas are listed at BHD 99,000, have three bedrooms and a smaller maid’s room.

The residential project is complemented by new infrastructure which ensures accessibility and provides all the necessary amenities.

The properties in this latest development are exclusively available to Bahrainis participating in the Ministry of Housing and Urban Planning scheme.

Commenting on the exhibition, Subah Abdullatif Al Zayani, Chief Executive Retail Banking at NBB, said: “Our longstanding partnership with the Ministry of Housing and Urban Planning and Eskan Bank has enabled us to provide extensive support to Bahraini citizens looking to purchase the home of their dreams. We are pleased to deliver competitive financing solutions that meet the needs of our growing customer base.“

Mohamed Raees, Head of Retail Relationship Management at NBB said, “Our team of dedicated financial advisors is on hand to provide a range of options which will allow customers to identify financing solutions suited to their needs.

The Housing Finance Exhibition provides us with a great opportunity to connect with our clients and also tap into a new segment thanks to our competitive rates on mortgage finance, helping Bahrainis of all backgrounds to get a foothold on the property ladder.”