National Bank of Dubai has announced the launch of NBD Offset Home Loans, the first offset mortgage product in the UAE. The key feature of the loan is that the mortgage balance is offset by the credit balance in the current account, thus saving the customer interest and facilitating earlier repayment of the loan without being subjected to early repayment charges. The customer also enjoys the freedom of using a high interest bearing current account, and the flexibility of being able to use an ATM card and a cheque book to deposit and withdraw funds at any time.
[AMEInfo.com]



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Posted: 09|19|07 at 5:21 am. Filed under: News.