Commercial Bank International (CBI), one of the leading banks in the UAE, has unveiled a new promotion offering personal loans with an interest rate of 6.75 per cent per annum.

As part of the promotion, customers will enjoy zero processing fees on the loan, fast approvals and flexible repayment periods tailored to individual needs, a statement said.

Besides this, CBI also offers customers a current account with no minimum balance requirement, a free for life credit card bundled with an attractive interest rate and a free global debit card as added incentives with the promotion.

Customers are also allowed a top-up on their existing personal loans as part of the promotion.

“When it comes to applying for a personal loan, customers are always conscious of the interest rate on offer,” said Kris Babicci, chief executive officer of CBI.

“As a responsible bank, we understand our customers better and recognize the need to tailor our products and services to better suit their requirements. We are pleased to roll out the personal loans with one of the lowest interest rates of 6.75 per cent per annum.”

“The new promotion is in line with our commitment towards providing our customers with innovative, valuable, rewarding and competitive financial solutions that exceed their expectations.”

“It is part of our endeavor to extend the best-in-class offerings to our customers. Moreover, with the minimal documentation requirements for the loans, we are looking at giving approvals within 48 hours,” he added. – TradeArabia News Service