NBB announces launch of Joint Housing product with Eskan Bank

NBB announces launch of Joint Housing product with Eskan Bank

In support of the Kingdom of Bahrain's strategic direction to provide housing solutions for its citizens, the National Bank of Bahrain is launching a new Joint Housing product offering in conjunction with Eskan Bank starting from January 2021. The product, designed for beneficiaries of housing loan services offered by the Ministry of Housing, comes part of NBB's efforts to participate in the Ministry's initiatives to serve and provide housing benefits to all Bahraini citizens.



The product offering comes as part of NBB's continuous efforts to drive positive societal initiatives within the Kingdom of Bahrain and support the Kingdom's overall economy, highlighting the Bank's commitment to provide facilitated solutions for Bahraini homeowners in line with the Kingdom's broader vision of generating accessible homeownership funding initiatives.



Upon signing the agreement with Eskan Bank, NBB will jointly mortgage the properties financed by both banks, offering attractive interest rates to applicants with loan tenors reaching up to 25 years. The agreement serves to facilitate and enhance customer experience by providing a wider range of payment solutions, allowing applicants to take advantage of the commercial loan facilities offered by the two banks to provide affordable real estate solutions including purchase of a property, investment,