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Exclusive Reduction on Consumer Finance Profit Rates


 

Khaleeji Commercial Bank (KHCB), one of Bahrain’s fast growing Islamic retail banks is pleased to announce the launch of an exclusive reduction in profit rates of its Consumer Finance Products for the benefit of its customers.

This campaign started on 30th October 2013 and will run until the end of the year, during which the respective profit rates of the consumer finance products namely Personal Finance, Home Finance and Auto Finance will be available at a lower percentage as compared to the original rates that have been used earlier in the year.

KHCB is also offering its customers an additional advantage of a 4 months grace period at the start of their finance repayment tenure and speedy approvals granted upon submission of applications at any of the 7 KHCB branches around the island. This campaign further reinforces KHCB’s initiative to sustain its competitiveness in the market and further encourage its growth in the banking sector.

Commenting on the launch of this exclusive campaign, Chief Executive Officer – KHCB, Mr. Khalil Al Meer said, “Khaleeji Commercial Bank is always on the lookout to leverage opportunities that offer our customers a comprehensive range of products at all times. We are always working hard to offer competitive products that cater for our diverse customer base and deliver excellence in terms of our service as well, to ensure a long-term and beneficial relationship between us and our valuable customers.”

“I am confident that this exclusive reduction in our profit rates and the introduction of the 4 months grace period will encourage consumers to take advantage of KHCB’s finance scheme and we believe that these benefits will alleviate our customer’s financial pressures,” added Mr. Khalil.