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Kuwait Finance Home – Bahrain has signed a Memorandum of Understanding (MoU) with Eskan Financial institution to supply financing options for eligible Bahraini residents as a part of the brand new housing financing schemes Tas’heel and the extra new Mazaya. The signing ceremony was held on the third of October 2022 at Eskan Financial institution’s headquarters within the presence of Dr. Khalid Abdulla, Common Supervisor of Eskan Financial institution, Mr. Hamed Mashal, Head of Retail Banking at KFH – Bahrain, along with officers from each entities.
Commenting on the event, Dr. Khalid Abdulla, Common Supervisor of Eskan Financial institution, commented: “Eskan Financial institution is shifting in the direction of implementing a strategic plan that seeks to offer options and alternatives that may speed up and facilitate residents’ entry to acceptable financing and obtain their housing ambitions. Tas’heel and extra new Mazaya schemes are according to the Ministry of Housing and City Planning and Eskan Financial institution’s directives to companion with the personal sector together with banks, actual property builders and extra. We commend KFH – Bahrain for his or her swift response in endeavor this initiative and sit up for conducting future partnerships with them with extra alternatives contributing in the direction of addressing housing points and assembly the wants of residents.”
Mr. Abdulhakeem Alkhayyat, Managing Director and CEO of KFH – Bahrain, mentioned: “We stay dedicated to supporting the Ministry of Housing and City Planning and Eskan Financial institution in decreasing the Kingdom’s housing ready lists, as a part of the Financial Imaginative and prescient 2030. As such, we’re happy to companion with them on the brand new Tas’heel and the extra new Mazaya financing schemes. This partnership displays our ongoing strides to satisfy the wants of our pricey clients and our efforts to offer banking merchandise that purpose to satisfy the present market developments.”
Mr. Hamed Mashal, Head of Retail Banking at KFH-Bahrain, mentioned: “We’re delighted to increase our strategic partnership with the Ministry of Housing and City Planning and Eskan Financial institution with this newest initiative that goals to allow eligible residents to learn from the brand new housing financing schemes, Tas’heel and extra new Mazaya. This initiative may also assist clients overcome their monetary obstacles, enabling them to personal their desired residential property. Subsequently, we encourage everybody to use and make use of those new revolutionary financing schemes.”
Prospects considering benefiting from the talked about housing financing options will probably be required to use with one of many collaborating banks by way of (Bahrain.bh), after which acquire approval from the Ministry of Housing and City Planning. KFH-Bahrain provides seamless processing along with decrease revenue charges, and a tenor interval of as much as 30 years, in addition to varied financing choices that meet the shoppers’ fiscal capabilities and residential wants. In step with the continual growth of housing financing options, this service goals to help the Ministry of Housing and City Planning’s endeavors to offer a number of choices that meet the totally different wants of Bahraini households.
The brand new housing program features a line-up of benefits that clients can profit from which embody: a rise within the financing cap from BHD 60,000 to BHD 70,000, along with a rise from the minimal of BHD 19,000 to BHD 40,000 together with different quite a few advantages which additionally consists of the choice of accelerating the proportion of month-to-month deduction to 35% for month-to-month incomes ranging between BHD 320 and BHD 1,200.
For extra info, please contact 7777 7777 or go to the KFH-Bahrain web site www.kfh.bh.
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