CBD launches new fixed interest rate mortgage offer

Commercial Bank of Dubai (CBD) has announced a new mortgage offering of two-year fixed interest rate at 3.49 per cent as part of its consistent efforts to offer innovative and customer-driven products.

The new limited-time promotion is over and above the host of other benefits that CBD’s home loan clients receive when applying for a mortgage from the Bank.

Murray Sims, General Manager, Personal Banking Group at CBD, said: “Our customers’ needs are continuing to change. They want greater choice, convenience and value. We’re delighted to offer this new mortgage promotion with a competitive fixed rate which demonstrates CBD’s commitment to offering innovative products the best in service and convenience to its customers. We are confident it will be an attractive option for many clients looking for the security of fixed mortgage payment.”

Sharon Maguire, Deputy General Manager, Personal Banking Group said: “We are constantly monitoring the changing needs of the market to introduce new and innovative products. Buying a house can be a stressful time for many people, so we have designed this mortgage loan solution to help remove some of the stress and expense for customers who are ready to take their next step on the property ladder. The new mortgage, which is part of the Bank’s consistent efforts to offer innovative and consumer-driven services, offers also loans up to 70% of the total value of the property along with sound advice, convenience and flexible terms. Our home loan advisors are ready to meet clients at the time and location of their choice to take them through every detail of the home loan process and ensure a stress-free experience.”

Apart from the mortgage loan solution, Commercial Bank of Dubai offers a wide range of personal and business baking products and services through its online channels and a network of 25 branches spread across the UAE.