First Abu Dhabi Bank (FAB), the UAE’s largest bank, collaborated with the Abu Dhabi Residents Office (ADRO) to offer exclusive and competitive mortgage rates and deposit products for Golden Visa holders in Abu Dhabi.

Under the scheme, eligible visa holders will have access to five-year fixed mortgage rates from 2.49% per year with a fee waiver and up to 1.68% iSave deposit rates per year.

“By providing recipients of the UAE Golden Visa exclusive benefits for mortgages and deposit products, FAB is making it easier for global talent to establish a long-term home in Abu Dhabi,” Futoon Almazrouei, Group Head of Consumer Banking Group (UAE) said.

“At FAB, we will continue to be a supporter of the UAE’s strategic objectives, working closely with the federal and local governments to create impactful solutions for the benefit of the country and its residents,” Almazrouei added.

Application for the mentioned benefits can be easily done through FAB’s online banking and mobile app, with the approval process done in minutes.

Sameh Al Qubaisi, Executive Director – Executive Affairs office at ADDED said: “As the UAE’s largest bank and one of the world’s largest financial institutions, FAB has a unique understanding of the regional and global investment landscape.”

Candidates can also visit ADRO’s website on www.adro.gov.ae for the different classifications of the Golden Visas and their respective criteria, as well as access to the Golden Visa Eligibility Tool.

The Golden Visa programme of the country was launched in 2019 with the aim of enabling successful applicants acquire long-term residence visas to live, work, study and invest in the UAE. The partnership between FAB and ADRO is the latest collaboration launched in support of the government’s strategic initiatives.

 

Source: Gulf News 26.09.21

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