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Murray Sims, General Manager – Personal Banking Group at CBD.

Commercial Bank of Dubai launches new promotion for its home loan clients

: Saturday, February 01 - 2014 @ 11:39

In line with its constant endeavour to make banking with Commercial Bank of Dubai even more rewarding for its clients, the Bank today launched an exciting promotion for its home loan clients.

Qualifying clients will receive furniture gift vouchers for up to Dhs60,000 from Interiors, one of the leading furniture brands in the UAE, besides availing a home loan at low interest rates starting 3.99% from the Bank.

The new limited-time promotion is over and above the host of other benefits that CBD’s home loan clients receive when applying for a mortgage from the Bank.

Commenting on the promotion, Murray Sims, General Manager – Personal Banking Group at CBD, said: “We have always believed in the philosophy of rewarding our clients for their loyalty, and what better way than to offer free furnishing of their new homes, bought through low-interest rate mortgages offered by Commercial Bank of Dubai. Our goal is not only to reduce or eliminate the hassle normally associated with obtaining a home loan, but also to provide our clients with added value. With interest rates starting at just 3.99%, CBD offers highly competitive pricing that we believe our valued clients deserve.”

Sims added: “As the Dubai property market continues to improve, there is a rising interest among residents to own their homes and Commercial Bank of Dubai is keen to offer all the support it can as a trusted partner and friend of our clients.” he added.

According to Frans Jan Burkens, Deputy General Manager – Personal Banking Group: “CBD realises that buying a home is the biggest investment a person makes in their lifetime. It is an exciting time but we also realise it is a time that can be a very stressful. Our goal is to reduce and eliminate the difficulties normally associate with obtaining a home loan through providing sound advice, support and convenience. Our home loan advisors are ready to meet clients at the time and location of their choice to take them through every detail of the home loan process and ensure a stress-free experience”.

The Bank offers home loans of up to Dh15 million to its qualifying clients, which is among the highest that a UAE bank offers.
Looking for long-term partnerships with its clients, the Bank also offers mortgage tenures of up to 25 years. The scheme, which is part of the Bank’s consistent efforts to offer innovative and consumer-driven services, offers loans of up to 70% of the total value of the property along with highly competitive interest rates and flexible terms, including repayment periods of up to 25 years along with the facility of choosing between fixed and variable rate loans.

Besides the new mortgage loan solution, CBD offers a wide range of retail and commercial banking products and services through a network of 27 branches across the UAE.

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Saturday, February 1- 2014 @ 11:39 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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