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The National Bank of Abu Dhabi – Bahrain (NBAD-Bahrain) now offers specially advantageous and low-cost loans to government employees.
This promotional offer avails to clients who work for government institutions high personal loans at rates as low as 6% per annum. Repayment is flexible and can extend up to 84 months (7 years). Borrowers would also qualify for pre-approved credit card that benefit from subsidized interest rates.
“This promotional loan was designed to be a great value for our esteemed government employee clients,” says Hassan Bahzad, the Regional Manager of NBAD-Bahrain. “The low interest rate and the flexible repayment period allow consumers who have stable jobs and income to have access to extra funds to make a purchase or investment they desire.”
The other benefits of this promotional loan include the option of loan take over for a loan already running (balance transfer).
NBAD, the Number One Bank in the UAE, first entered the Kingdom of Bahrain in 1977 when it launched its Offshore Banking Unit in the country. In 2008, NBAD expanded in the kingdom with the launch of NBAD Retail Bahrain branch, which provides a full range of personal, Elite, Commercial and Treasury banking services. It services the top end of personal and corporate segments. The Elite banking provides specialised services to high Net worth Individuals (HNWI). The Corporate Business serves prime Bahraini corporates, prime multinationals, and focuses on UAE interest in Bahrain and vice versa.
“Bahrain is an integral part of the NBAD’s international operations and NBAD-Bahrain continues to expand its innovative offerings in kingdom as will remain committed to consumers in this country,” Mr. Bahzad says.
The prestigious Global Finance has rated NBAD Group since 2009 in its World’s 50 Safest Banks and it is the highest ranked Middle East Bank in the group. NBAD recently launched its Representative Office in Shanghai that spans to Hong Kong, Oman, Bahrain, Kuwait, Jordan, Egypt, Sudan, Libya, Switzerland, France, the United Kingdom and the United States. NBAD has obtained a banking license in Malaysia and will shortly open for business.
The Bank has further expansion plans including Lebanon, Iraq, India, South Sudan and other key destinations in MENA and beyond.
NBAD-Bahrain is located in Al Seef District of Manama, inside building 2611.
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