National Bank of Bahrain extends exclusive offerings on final phase of “Deerat Al Oyoun”
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
The National Bank of Bahrain announced that it is extending its offering to Mazaya and Joint Housing beneficiaries for the final phase of the “Deerat Al Oyoun” real estate project, with further instant cash prizes worth up to BHD 500 for 50 applicants.
The Eskan Bank real estate development, located in the heart of Diyar Al Muharraq, is comprised of 1,061 villas and is designed to offer the Bahraini family an ideal home.
NBB’s offering comes as an extension of the first campaign’s success, which was launched in November 2021, and awarded applicants with up to BHD 1,000 in instant cash prizes.
In addition, customers availed attractive interest rates, along with loan amounts covering the property value, a tenor period of up to 30 years, free fire insurance coverage and a fast and seamless approval process for Mazaya and Joint Housing beneficiaries.
Furthermore, NBB will waive the processing fees, land evaluation fees, as well as life insurance premium on secondary loans within the Mazaya Financing Scheme to ease customer commitments and their financial burdens.
The bank will also pay the property registration fees, equating to 1.7% of the property value, on behalf of Mazaya beneficiaries.
Subah Abdullatif AlZayani, Chief Executive Retail Banking at NBB, said: “The extension will provide buyers who missed out the first time with an opportunity to join NBB and benefit from the exclusive packages we have introduced.” “As part of our customer-centric strategy at NBB, we will continue to roll out the best offers in the market to honour our commitment towards providing viable housing solutions in the Kingdom.
We would like to reiterate our support to NBB’s strategic partnership with Eskan Bank, and appreciate the social value it delivers to our community,” he added.