Standard Chartered Bank offers US$5 million mortgage
Wednesday, 19 May 2010
Standard Chartered Bank has launched a new mortgage facility in the UAE that offers a loan amount of up to US$5 million.
The mortgage targets the high net worth individual market segment and is available for either new or existing properties built by one of the bank’s registered developers.
"We created this product after our customer research has shown confidence is coming back to the marketplace and a number of high net worth clients required mortgages for more than what was being offered across the marketplace," said David Inglesfield, regional head of Standard Chartered Private Bank MENA. Read full story
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