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UNB offers home finance up to 90%
Jun 05, 2012
Abu Dhabi’s Union National Bank, or UNB, has launched a newly designed home finance product offering finance up to 90 per cent of the property value.
The mortgage loan offers and finance up to 90 per cent of the property value with an interest rate of 4.5 per cent for the first two years and with repayment periods spread up to 25 years.
The loan facility is offered for both new mortgages as well as for buy-outs of existing mortgages.
UNB’s home mortgage solutions are customized to open doors to customers dream homes, says Ashraf Bibars SVP & head of retail banking group.
According to studies, he said the residential market is set for growth as buyers are gaining more confidence.
“By launching this new mortgage loan we are keen on making the home buying process as easy, convenient and affordable as possible,” he said.
He said home ownership provides freedom, stability and security, in addition to being an opportunity to build equity.
The Mortgage scheme also offers customers a speedy approval and loan disbursement process, and no mandatory salary transfers, making it one of the most attractive and competitive products fulfilling customers’ aspirations of owning their dream homes.
The customers will also be entitled to a free UNB credit card providing them with extra benefits.
The launch of this latest product is in line with UNB’s multi dimensional approach aimed at targeting all segments of the UAE community.