Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail lender, has reduced the profit rates of its consumer finance products, to offer added benefits to customers, while remaining competitive and boost its business.
The new offer started on 30 October and will end in December 2013. During the period, the profit rates of the consumer finance products like personal finance, home finance and auto finance will be available at a low percentage than the original rates.
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Additional benefits offered to customers include a four-month grace period at the beginning of their finance repayment tenure and speedy approvals granted upon submission of applications at any of its seven KHCB branches in the country.
KHCB CEO Khalil Al Meer said they are always working hard to offer competitive products that cater for their diverse customer base, to ensure a long-term and beneficial relationship between them and their 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," Khalil added.
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