National Bond with bank loan facility at low rate

ABU DHABI – National Bond, the national savings scheme of the UAE, provides an opportunity for a low-cost bank loan. The loan is for a period of 1-3 years.

The scheme of providing loans against the security of National Bonds will be started soon in collaboration with various banks. The new scheme will bring relief to those who cannot take loans due to high interest rates. Interest rates were also higher when the UAE Central Bank raised interest rates in line with the US Federal Reserve hike.

National Bonds CEO Mohammad Qasim Al Ali said that National Bonds does not give loans directly but helps to get loans through banks. 70% of the investment amount will be loaned.