NBB, ERA Real Estate join forces for Khudur Homes financing

TDT | Manama       

The Daily Tribune – www.newsofbahrain.com

The National Bank of Bahrain (NBB) has signed a Memorandum of Understanding (MoU) with ERA Real Estate, whereby the bank will provide exclusive offers for residential properties within Diyar Al Muharraq’s "Khudur Homes" project.

ERA Real Estate is one of Bahrain’s leading real estate development companies, and the MoU will enable NBB to provide accessible financing solutions for customers interested in purchasing a Khudur Homes property in Diyar Al Muharraq.

With NBB providing financing schemes for these housing units, prospective buyers will be able to benefit from competitive interest rates, a wave of property evaluation fees, and a gift of BHD 300 for the first 30 applicants with a swift and seamless approval process.

Reflecting on the MoU, Subah Abdullatif AlZayani, Chief Executive, Retail Banking at NBB, said, "As a preferred mortgage loan provider, we are pleased to have signed this agreement with ERA Real Estate. We look forward to offering our comprehensive financing solutions, including Mortgages, Mazaya, Tas’heel and Joint Housing Finance to prospective homeowners."

Speaking on behalf of ERA Real Estate, Abdulhusain Khudur, Chief Executive Officer, said, "We are very pleased to have signed this partnership with NBB, and we are looking forward to providing NBB customers housing opportunities in Khudur Homes, which is located in Diyar Al Muharraq and embraces excellently designed modern homes that have been built to suit the modern lifestyle."

The National Bank of Bahrain endeavours to provide housing solutions for all of its customers and ensures flexible and diverse financing options to suit all needs. The bank’s attractive interest rates and fast approval process makes it the bank of choice for Bahrainis looking to purchase a property.