Personal Loans at 6.75% from Commercial Bank International
Wednesday, September 28, 2011
Unprecedented promotion also offers a host of other benefits
Mr. Kris Babicci, CEO
Commercial Bank International [CBI], one of the leading banks in the UAE, today unveiled a new promotion offering personal loans with a low interest rate of 6.75% per annum. The promotion is customized to the needs of UAE nationals and expatriates in the country.
As part of the promotion, customers will enjoy a wide array of unprecedented benefits, such as zero processing fees on the loan, fast approvals and flexible repayment periods tailored to individual needs.
Besides this, CBI also offers customers a Current Account with no minimum balance requirement, a free for life Credit Card bundled with an attractive interest rate and a free Global Debit Card as added incentives with the promotion. Customers are also allowed a top-up on their existing personal loans as part of the promotion.
In his comments on the new promotion, Mr. Kris Babicci, Chief Executive Officer of CBI, said: “When it comes to applying for a personal loan, customers are always conscious of the interest rate on offer. As a responsible bank, we understand our customers better and recognize the need to tailor our products and services to better suit their requirements. We are pleased to roll out the personal loans with one of the lowest interest rates of 6.75% per annum.”
He added: “The new promotion is in line with our commitment towards providing our customers with innovative, valuable, rewarding and competitive financial solutions that exceed their expectations. It is part of our endeavor to extend the best-in-class offerings to our customers. Moreover, with the minimal documentation requirements for the loans, we are looking at giving approvals within 48 hours.”
The bank also offers comprehensive loan products including auto loans and credit
cards. Further details about the promotion, including the terms and conditions,
are available at any of the CBI branches across the UAE or can call 06 511 2300.
The bank also dedicated a line at its Call Center (800 224) to respond to
specific queries about the promotion to prospective customers.