Postponing installments and reducing interest .. The most prominent bank offers to attract customers during Ramadan

Most of the banks operating in the country offer offers on the occasion of the month of Ramadan, including postponing the personal financing installment for the qualified, as well as a cash recovery of up to 10%, when using credit cards in shopping from specific outlets, as well as reducing interest rates on personal loans, car financing, real estate financing, opportunities to profit money and car, and discounts on purchase of electronics.

According to what these banks announced through their smart sites and applications, the interest rate on personal loans was reduced to start from 2.49% fixed for citizens, and 2.99% for non -citizens, while the percentage of car financing begins from 1.89%, with the possibility of postponing the first batch for up to 120 days (four months), and the percentage decreases to 0.99% for luxury cars.

Some of these banks offer an offer on electronic savings accounts, ensuring a benefit of up to 5% when increasing the average balance in the savings account by 50 thousand dirhams, a minimum during the period of offers extending until the end of this month, and the various bank offers continue until March 31.

For its part, the banking expert, Awatif Al -Harmoudi, told «Emirates Today» that “most banks have offers on their various products during the month of Ramadan, which are annual promotion campaigns, which are being prepared to celebrate the holy month, with the support of the abundance of liquidity, (reasonable) financing prices, and the desire to attract more customers, or achieve greater rates of sales.”

Al -Haramoudi indicated that the individuals sector in banks constitutes a large and basic share in any marketing campaigns for all products, whether personal funds, cars, credit cards, real estate, and others.

For his part, the banker Mustafa Ahmed said that “the banks offer offers to qualified customers, and helps them with the clarity of the credit history for each customer, and know whether it deserves or has unpaid obligations.” Cash is encouraged to pay, and sometimes these purchases are installed at comfortable intervals. ”

. Banks reduced interest on personal loans to start from 2.49% fixed for citizens, and 2.99% for non -citizens.