10 February 2013, Sharjah, UAE: United Arab Bank (UAB), UAE’s fastest growing bank is providing customers welcome relief by offering one of the lowest Home Finance rates in the market at 3.99%. This factor has provided impetus to the home finance market and made it a more competitive market place for the ultimate benefit of the customer. Additionally, United Arab Bank was the first bank to introduce three-year and five-year fixed rates as a standard proposition to appeal to the varied risk appetites of customers prompting other banks to follow their lead.
Tom Smith, Executive Vice-President & Group Head of Retail Banking, said: “United Arab Bank has a very strong offering in this market and has been viewed as a game changer in the UAE Home Finance market. We have repeatedly demonstrated our commitment to offer our target segment superior products and services. At a time when customers had no choice but to avail of uncompetitive rates in excess of 8%, United Arab Bank’s targeted risk-based pricing model completely overhauled and re-energized the property market in the UAE.”
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