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Owning a home in the UAE has just become Simpler with ABK’s New Mortgage Scheme!

April 17th 2016

Al Ahli Bank of Kuwait (ABK), one of leading banks in the region , recently launched a new mortgage scheme through its Dubai branch for aspiring home owners in the United Arab Emirates. ABK’s new scheme is simple and straightforward and loans can be used for buying a family home or investing in buy-to-let property.

These loans are available to anyone, not just ABK customers. They are designed to be as simple and as flexible as possible, whether you are buying a first home, or if you already own property and want to invest further in property. The Bank handles most of the paperwork, making the whole process very straight forward and simpler for customers to manage.

The new ABK mortgages are designed to be extremely user friendly, while being very competitive. They allow:

  • Borrowing up to seven times annual salary
  • Repayment terms up to 20 years
  • Competitive interest rates
  • Loans up 25 Million AED
  • Borrowing up to 70% of the value of the property being purchased

To qualify for a loan, customers will need to provide evidence relating to identity and income such as salary certificate, a six month account statement and civil ID or passport.

ABK’s commitment to excellence, simplicity and transparency is supported by the Bank’s ‘Simpler Banking’ strategy, which focuses on presenting customers with banking solutions that make their experience as easy and enjoyable as possible.

For more information about the new Mortgage Loan and other ABK products and services please contact ‘Ahlan Ahli’ at 1899899.