ADF launches new mortgage promotion

24/04/2012 21:10 AST

Abu Dhabi Finance (ADF), a leading home finance provider, has launched a special promotion for the Cityscape Abu Dhabi exhibition, offering a fixed rate of 4.99 per cent during the first year of the mortgage.

The mortgage will also offer two premium passes to a theme park at Yas Island. The special promotion will apply to all new applications received by end of April.

Entitled ‘The Cityscape Promotion’, it will be available for a limited period of time for UAE nationals and residents alike.

Philip Ward, chief executive officer Abu Dhabi Finance, stated: “We remain committed to supporting the development of the real estate market in Abu Dhabi and we have launched this promotion in response to the evolving needs of our clients. We hope to strengthen our position as Abu Dhabi’s favourite mortgage lender, and offer our clients even better value and service.”

The promotion is available on the back of Abu Dhabi Finance’s ‘Essence’ mortgage, which provides flexible financing with award-winning Client Service to suit a wide range of clients’ needs.

Its flexible features include a Loan-To-Value (LTV) ratio of up to 85 per cent, mortgage tenures of up to 30 years, and a wide range of repayment options. Clients also benefit from the option of a one-month payment holiday and a 10 per cent partial settlement facility free of charge each year.

Abu Dhabi Finance is present on Aldar Properties Stand at Cityscape Abu Dhabi where professional mortgage advisors will be on hand to offer advice and guidance on home loans in the UAE, a statement said.

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