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NEWS
Additional Financing for “Mazaya” applicants from BBK
31 Mar 2021
BBK, Bahrain’s pioneer in retail and commercial banking continues to present its customers with the best financing offers, the latest being a special offer for Mazaya loan applicants, or loans under the Social Housing Finance Scheme sponsored by the Ministry of Housing & Eskan Bank.
In addition to providing BBK customers with the option to obtain a Mortgage loan through the Mazaya Financing Scheme, now all Mazaya customers can also obtain additional finance – to fund all expenses associated to Mazaya mortgage loan including down payment, life insurance, fire insurance and property registration fees. It is worth mentioning that Mazaya customers have the option of choosing their dream home within the many housing projects that have collaborated with the Social Housing Finance scheme. With competitive rates and flexible terms, Mazaya customers can complete the purchase of their dream home with ease and at their own convenience.
Dr. Adel Salem, General Manager of the Retail Banking division at BBK commented: “At BBK, we are continuously looking for ways to provide our customers with services that contribute towards the betterment of their lives as well as their families lives. I am therefore pleased to announce that all eligible Mazaya loan applicants will be able to obtain additional financing to help alleviate the additional costs of purchasing a new property to ensure a smooth transition into a new chapter of their lives. In addition, all Mazaya customers will be financed 100% of the unit price. Our customers will be offered competitive rates and terms with the ability to make a partial payment at any point in time with no additional cost.
This latest offer in collaboration with the Mazaya scheme aims to provide BBK customers to obtain the appropriate financing they need to purchase villas in social housing projects. Earlier, the bank announced a collaborative offer with Mazaya to finance Danaat Al Lawzi development project. As well as a special financing for Mazaya Scheme beneficiaries who were interested in the Deerat Al Oyoun development in Diyar Al Muharraq.
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