ADCB Offers Special Finance Schemes to BID Project Buyers

ABU DHABI - Baniyas Investment and Development Company, or BID, has entered into an agreement with Abu Dhabi Commercial Bank, or ADCB, to provide easy finance schemes to buyers of Bawabat Al Sharq — a mixed-use community development in Bani Yas, Abu Dhabi.

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Published: Mon 13 Apr 2009, 12:19 AM

Last updated: Sun 5 Apr 2015, 9:27 PM

Under the agreement, the bank will be offering interest-free finance schemes to facilitate buyers to partake of the opportunity. A total of 75 per cent of the value of the property will be offered as loan. The buyers will also enjoy zero loan processing fees and zero installments till the handover of the property.

Under the first scheme, buyers pay only 25 per cent of the total property value at the time of purchase, while ADCB will finance the rest through an interest-free loan until the handover of the property.

· business@khaleejtimes.com


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