Emirates news agency – FAB partners with Al-Futtaim IKEA for exclusive loans for home furnishings
ABU DHABI, Aug 3, 2021 (WAM) – First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates and one of the largest and most secure financial institutions in the world, has partnered with IKEA , which is part of the Al-Futtaim group, to offer National Home Loan Program (NHL) clients offer specialized personal loans to furnish and decorate their homes.
These personal loans will provide NHL clients with a range of benefits, including personalized and private advice on interior design and furnishings, as well as low rates and a fast application process.
The partnership agreement was signed by Fahad Al Shaer, head of FAB Islamic and NHL, and Vinod Jayan, general manager of IKEA UAE, Qatar, Egypt and Oman.
Commenting on the partnership, Futoon Al Mazrouei, Acting Head of Consumer Banking Services, FAB, said, “The NHL program has been a trusted partner for many years for UAE nationals in Abu Dhabi on their journey. towards the creation of a dream home, supporting them at all times. from design to implementation. We are delighted to partner with IKEA to further improve the program and generate added value for customers. This product offers an attractive range of financial and practical benefits for customers putting the finishing touches on their home, and FAB is proud to work alongside customers to pursue their vision of a dream home. ”
Jayan said, “Al-Futtaim IKEA is proud to partner with FAB’s initiative to expand personal mortgage loans to Emiratis in Abu Dhabi, under the Abu Dhabi Housing Authority (ADHA) program. With this partnership, we hope to strengthen and improve the confidence of our Emirati customers in choosing IKEA as their interior design partner. Being in the region for 30 years, the expertise and knowledge gained through our extensive research into home living has helped us understand the needs and dreams of our local clients, allowing us to create a space that can be utilized. , loved and enjoyed by the whole family. “The NHL program provides UAE nationals in Abu Dhabi with interest-free home loans to buy manufactured homes, build private homes or expand existing ones. The program is managed by ADHA, where FAB is mandated for management, disbursement, building management and reimbursement on behalf of ADHA.
FOB customers can apply through the website: https://www.bankfab.com/en-ae/personal/mortgages/national-housing-loan/ikea-benefits.