Bahrain’s first locally-owned bank, the National Bank of Bahrain (NBB) is offering specially tailored financing solutions for its customers on lands and homes located in Diyar al Muharraq, as part of its effort to provide them with additional mortgage solutions across a wider area of the Kingdom.
The new mortgage package offer on lands and homes at Diyar Al Muharraq area will enable customers to receive extremely competitive interest rates starting from 4.75 percent, for up to 25 years and up to 90 percent of the property value. Further, the NBB customers can enjoy faster and more convenient processing times for their loan applications.
“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. 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.”
In addition to NBB’s previous mortgage solution offers, the bank has successfully extended its housing schemes to all its customers by introducing custom made real estate financing products such as Mazaya Finance and Joint Housing Finance, along with giving more value by introducing interest-free land registration and life insurance repayments throughout the duration of the loan.
Apart from all these benefits, the customers of NBB will also get the advantage of fire insurance for all real estate financing services from the bank.