The National Bank of Abu Dhabi (NBAD) has this week launched a scheme allowing UAE natives and the country"s Egyptian expat population to purchase properties in Egypt using bank loans. By Omnia Ibrahim NBAD said it would offer loans for up to 30 per cent equity or 50 per cent deposit on property purchases made by Egyptians living abroad as well as Egyptians. The loans, which are expected to come with high interest rates, are dependent on income and the repayment period is set at a maximum of ten years.
The National Bank of Abu Dhabi (NBAD) has this week launched a scheme allowing UAE natives and the country"s Egyptian expat population to purchase properties in Egypt using bank loans. NBAD said it would offer loans for up to 30 per cent equity or 50 per cent deposit on property purchases made by Egyptians living abroad as well as Egyptians. The loans, which are expected to come with high interest rates, are dependent on income and the repayment period is set at a maximum of ten years.