Arab Bank, the leading Arab financial institution, has announced a special summer offer on personal loans, further enhancing its personal lending proposition in the UAE market. Tailored to meet the needs of both UAE nationals
and expatriates, the new loan offer is based on fast approvals, competitive pricing and a flexible repayment period. The offer is valid from June 5, 2004 to August 31, 2004.
"Arab Bank is committed to providing financial solutions that take into account the needs of its customers and provide a supportive framework within which to carry out all banking transactions. The bank has set a tradition of quality service based on solid financial foundations and long heritage in the region. The new limited period personal loan offer is in line with this tradition of customer service," said Mohammed Azab, UAE Area Manager,
Dubai, announcing the offer. "Arab Bank has consistently followed a truly responsible lending approach, by formulating its loan packages in a manner where the borrower is not loaded with an unreasonable burden of repayments. The special summer offer is also designed in line with the credo of responsible personal lending."
"For many clients, especially the expatriates, summer is a time for the family's financial planning, where issues such as the children's education, housing options, financial help to family members in the home country and possible vacations are looked at. Arab Bank intends to respond to these needs in a positive and supportive manner," explained Azab. "We will be leveraging our enhanced credit policy to provide personal loans to our customers for bigger amounts at more convenient terms. This initiative is part of the Arab Bank's strategy to enhance its financial services and
to offer easy and convenient banking."
"The new personal loan offer has been structured to provide maximum benefits to our customers. Besides the comparatively high loan amount and reduced interest rates, Arab Bank customers availing of the offer will benefit from discounted loan processing fees and convenient repayment terms. The first payment of the loan can be deferred up to 45 days. As a value add-on, the loan comes with a pre-approved Credit Card, which is free for the first year and offers users reduced interest rates on purchases and cash advances. The customer will be entitled to a current account, with no minimum balance requirements for the term of the loan." Said Tareq Al Haj Hasan, Head of Retail Banking - UAE."
"Faster processing at reduced charges will ensure that the customer borrows the amount he needs without hassle. This approach is in keeping with our tradition of customer-friendly policies." Added Tareq Al Haj Hasan. (menareport.com)
© 2004 Mena Report (www.menareport.com)
