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Loan rate cut for UAE
Friday, June 26, 2009
Source: Catherine Deshayes
International bank HSBC, has announced that it intend to cut its Flexi Loan mortgage rate by one per cent next month for customers seeking to buy UAE property...
The mortgage borrowing rate reduction will also apply to home finance customers of the bank's Islamic unit, HSBC Amanah.
The bank also said customers of its tracker EIBOR based mortgage will see their rate adjusted to the three-month EIBOR rate.
Source: www.homesoverseas.co.uk/news
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