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CBI launches new personal loan.

Commercial Bank International (CBI) announced today the launch of a new Personal Loan offer.

The new Personal Loan presents a number features including lower monthly installments, flexible repayment periods, and a rate of 4.75 per cent p.a. for customers earning AED 20,000 per month and above. Customers also get CBI's award winning Rewards Credit Card, high loan amounts of up to 20 multiples of salary, simple documentation and quick processing times. With repayment periods of up to four years coupled with annual deferral facilities, guaranteed instant cash back of AED 2,500 for all approved loans in excess of AED 150,000, individuals can enjoy one of the most flexible multipurpose personal loans available in the UAE.

David Power, CBI's Head of Retail Banking, commented on the new Personal Loan offering: "Retail Banking is about understanding and meeting customer needs. At CBI, we are focused on introducing new, innovative, and transparent products that are simple and easy to understand. This has recently been reinforced by winning the 2014 Banker Middle East's 'Transparency in Retail Banking' award for the UAE and MENA. This title proudly highlights our key differentiating factor among our peers - simple and straightforward banking solutions with no hidden fees, no false claims, and no unpleasant surprises. To our customers, we only sell and promote products that are designed to be in their best interests and meet their banking needs."

"As a committed Bank that values building partnerships with our customers, we make sure that we give them the maximum benefit from their transactions with CBI. Because we understand our clients' needs and lifestyle, we are in a position to provide them with the most appropriate portfolio of products and services."

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Publication:CPI Financial
Date:Sep 23, 2014
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