Friday 19 September 2014
 
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Home Loan

ADIB offers profit rate-free home financing

Abu Dhabi Islamic Bank (ADIB), a top-tier financial institution, is offering personal finance of up to Dh200,000 at a zero profit rate to help cover transaction costs associated with buying a property. The offer is being launched

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UAE markets under pressure on home loan cap

The banking and property stocks in the United Arab Emirates' bourses are expected to come under pressure after the central bank decided to cap mortgage loans for foreigners and nationals. The UAE central bank has decided to li

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Bahrain home loans surge to $1.86bn

Bahrain registered a solid growth in its home loans during the first half which soared to BD702 million ($1.86 billion) from BD355.4 million a year ago, according to a report. The Kingdom's mortgage lending doubled in the six

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Emirates NBD offers special ‘mortgage package’

Emirates NBD has expanded its home loan offering to expatriates residing in the UAE with a special mortgage package available for a limited period starting this month. It provides attractive interest rates starting from 4.49 per cent per

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CBI launches new home loan

Commercial Bank International (CBI) has announced the launch of its new home loan product as part of its overall strategy to expand its product menu by offering innovative and customer- centric products and services. The new home loan offe

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Abu Dhabi Finance lowers interest rates

Abu Dhabi Finance, a leading home finance provider, has announced its new pricing, which will see low interest rates starting from 5.75 per cent to 8.5 per cent. The new rates will offer the average Abu Dhabi Finance mortgage applicant sav

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Abu Dhabi Finance lowers interest rates

Abu Dhabi Finance, a leading home finance provider, has announced its new pricing, which will see low interest rates starting from 5.75 per cent to 8.5 per cent. The new rates will offer the average Abu Dhabi Finance mortgage applicant sav

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Court clears way for home finance: KFH

Islamic lender Kuwait Finance House (KFH), said on Monday it had won a verdict against the ministry of justice, opening the way for it to finance private real estate investment in the country. KFH is the Gulf's second largest Islamic l

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Saudi eyes US-style firm in home loan push

Saudi Arabia plans to set up a Fannie Mae-style company to buy mortgages from financial institutions and help develop national sukuk and debt markets, Saudi Arabia's finance minister said. The company would be formed in conjunction wit

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UAE home loans grow 55pc to $17bn

Mortgage lending in the United Arab Emirates, which started opening its property sector to foreign investment in 2002, jumped 55 percent in the year to March, central bank data showed on Thursday. Total home loans at the end of March were

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