BBK, Bahrain's pioneer in retail and commercial banking continues to present its customers with special financing offers for villas purchased at the Danat AlBaraka project in Jannusan through the Mazaya financing program, in addition to BD 10,000 cash finance to cover added costs such as buying furniture, transportation costs and more.
Through this special offer, eligible Bahraini nationals of the Mazaya Financing Scheme will have exclusive access to the Danat AlBaraka roadshow which will showcase and promote the sale of villas within the project at a very competitive interest rate of 3.99% for the additional mortgage loan in addition to BD 10,000 cash in hand to cover added costs.
The Danat AlBaraka development project is located in Jannusan with 211 new villas in four different state of the art designs with easy access to a variety of facilities and amenities within a lively area. The villas within the project have been developed in collaboration with the Ministry of Housing and Eskan Bank, and will be sold specifically to the beneficiaries of the Mazaya Financing Scheme.
Dr. Adel Salem, General Manager of the Retail Banking Division at BBK commented: "We strive to offer our customers with services that best suit their lifestyles and banking needs and with that, I am pleased to announce that BBK will be participating in the roadshow organized by the Ministry of Housing and Eskan Bank to provide our valued customers and eligible Mazaya applicants an exclusive offer to purchase their dream home at the Danat AlBaraka project.
Through this offer, our customers will be able to purchase their home at a competitive interest rate of 3.99% with a repayment period of up to 25 years. We are also offering additional cash finance of up to BD 10,000 to help cover the additional costs that accompany the purchase of a new house."
Commenting on the launch, Mr. Tariq Kazim Chairman of Danat Al Baraka Board said: "We are delighted to be partnering with the Bank of Bahrain and Kuwait to enable a smooth financial facilitation for Bahraini citizens under the Mazaya program in order to purchase their homes within the "Danat Al Baraka" project. We are gearing up to launch the promotional campaign pertaining to this project, and we look forward to welcoming all potential buyers after Eid at the project site in Jannusan.
"At Eskan Bank, our efforts are being exerted in a bid to meet the expectations and requirements of Bahraini citizens looking to purchase their homes under the Mazaya program. We are continuously exploring a diverse range of solutions to enable them to make their home purchase in one of the social housing programs around the Kingdom, including Danat Al Baraka which enjoys a prime location on the bustling Budaiya Road. Through this project, we aim to introduce a variety of property solutions that are suitable to meet the needs of different families, while supporting the Kingdom's national Economic Vision 2030 to increase the contribution of the real estate sector in the economy," said Dr. Khalid Abdullah, General Manager of Eskan Bank.
It is worth mentioning that early bird road-show applicants who are eligible will get 6 months worth of installments back.
This latest offer in collaboration with the Mazaya scheme isn't BBK's first partnership with the Ministry of Housing as the Bank announced a collaborative offer to finance beneficiaries who were interested in the Deerat Al Oyoun project in March. The bank also collaborated with the Mazaya scheme to finance applicants who wished to purchase a property at the Danaat Al Lawzi development project in the West of Hamad Town.
For more information on BBK Property Financing offering, please contact the Call Centre on 17207777 and BBK employees will be pleased to be of assistance.