Dubai banks announce business relief package for customers as part of support for UAE economy

Dubai banks announce business relief package for customers as part of support for UAE economy

Leading Dubai banks that have joined the effort to provide relief to their customers include Emirates NBD, Dubai Islamic Bank, Emirates Islamic, Mashreq and Commercial Bank of Dubai.. Customers who have availed personal loans, auto loans or mortgages can apply for a one-month repayment holiday with zero fees. Business Banking customers with working capital facilities who are impacted by the ongoing Covid 19 situation are encouraged to contact their respective relationship managers to achieve an optimal financial solution. Customers who have availed personal finance, auto finance or mortgages can apply for a one-month repayment holiday with zero fees. Commercial Banking customers with Finance facilities from the two banks and whose businesses are affected by the current situation, can contact their Relationship Manager, to discuss restructuring solutions.. Customers using the digital platforms can get a significant reduction in transaction processing and handling fees and new digital platforms activations at zero cost for the next three months.. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD said: "Emirates NBD's measures support the plans that have already been put in place by our nation's wise and visionary leadership to keep the UAE safe and prosperous.. "Emirates Islamic's relief measures reinforce