Who uses adcb bank?
Nov 11th 2008, 1:49 pm
#1
Forum Regular
Thread Starter
Joined: Jun 2008
Posts: 150
Who uses adcb bank?
my husband likes this bank, do you know anything about it...?
is it actually possible to transfer every month money to your home country to invest/safe it there instead of here?
is it actually possible to transfer every month money to your home country to invest/safe it there instead of here?
Nov 11th 2008, 1:58 pm
#2
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Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: Who uses adcb bank?
I have opened an account (they have a ladies only account which requires no minimum balance) with NBAD.
Nov 11th 2008, 4:08 pm
#5
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Joined: Oct 2008
Posts: 122
Re: Who uses adcb bank?
They recently decreased their LTV from 85% to 70%. So basically to get a 70% mortgage, I had to pay 30% of the installments. Thats harsh. Who can buy properties with a 70% mortgage.
Also, one of the guys workin there said we wont lend money to those workin in the real estate industry. I told him thats friggin discrimination where I come from.
Oh well,... I guess all banks are reactin to the credit crunch but some banks just take the piss.
Inv.
Nov 11th 2008, 4:14 pm
#7
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: Who uses adcb bank?
I had an experience with ADCB... they are the only bank that finance one of the projects I bought in, in Abu Dhabi Al Reem Island.
They recently decreased their LTV from 85% to 70%. So basically to get a 70% mortgage, I had to pay 30% of the installments. Thats harsh. Who can buy properties with a 70% mortgage.
Also, one of the guys workin there said we wont lend money to those workin in the real estate industry. I told him thats friggin discrimination where I come from.
Oh well,... I guess all banks are reactin to the credit crunch but some banks just take the piss.
Inv.
They recently decreased their LTV from 85% to 70%. So basically to get a 70% mortgage, I had to pay 30% of the installments. Thats harsh. Who can buy properties with a 70% mortgage.
Also, one of the guys workin there said we wont lend money to those workin in the real estate industry. I told him thats friggin discrimination where I come from.
Oh well,... I guess all banks are reactin to the credit crunch but some banks just take the piss.
Inv.
Nov 11th 2008, 8:35 pm
#13
BE Enthusiast
Joined: Nov 2008
Posts: 390
Re: Who uses adcb bank?
I had an experience with ADCB... they are the only bank that finance one of the projects I bought in, in Abu Dhabi Al Reem Island.
They recently decreased their LTV from 85% to 70%. So basically to get a 70% mortgage, I had to pay 30% of the installments. Thats harsh. Who can buy properties with a 70% mortgage.
Also, one of the guys workin there said we wont lend money to those workin in the real estate industry. I told him thats friggin discrimination where I come from.
Oh well,... I guess all banks are reactin to the credit crunch but some banks just take the piss.
Inv.
They recently decreased their LTV from 85% to 70%. So basically to get a 70% mortgage, I had to pay 30% of the installments. Thats harsh. Who can buy properties with a 70% mortgage.
Also, one of the guys workin there said we wont lend money to those workin in the real estate industry. I told him thats friggin discrimination where I come from.
Oh well,... I guess all banks are reactin to the credit crunch but some banks just take the piss.
Inv.
You can get a 80% LTV loan at ADCB if you transfer your salary account to them..as long as it´s a project with master developer status at least.
Emirates Islamic Bank will give you summat like 85% under the same conditions.
As of last week at least...
As for HSBC and LLoyds...
Nov. 11 (Bloomberg) -- HSBC Holdings Plc and Lloyds TSB Group Plc, two of the largest U.K. banks operating in the United Arab Emirates, are reducing lending there as the credit crunch begins to infect the Persian Gulf.
Lloyds TSB, the London-based bank that entered the U.A.E. market in 1977, stopped offering mortgage loans for apartments in Dubai and reduced the amount it will lend to 50 percent of the price of a villa from 80 percent, it said today in a statement. HSBC, Europe's largest bank, will require customers in the emirate to earn at least 20,000 dirhams ($5,445) a month to get a personal loan, HSBC spokeswoman Andrea Jaishankar said in an interview today.
Lloyds TSB, the London-based bank that entered the U.A.E. market in 1977, stopped offering mortgage loans for apartments in Dubai and reduced the amount it will lend to 50 percent of the price of a villa from 80 percent, it said today in a statement. HSBC, Europe's largest bank, will require customers in the emirate to earn at least 20,000 dirhams ($5,445) a month to get a personal loan, HSBC spokeswoman Andrea Jaishankar said in an interview today.
Nov 12th 2008, 1:54 am
#14
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Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: Who uses adcb bank?
No idea - except that it is called Al Nada account;has no minimum balance (which is what caught my attention) and just checked now -the debit card is violet coloured and has a pansy printed on the side
Nov 12th 2008, 7:00 am
#15
Lost in BE Cyberspace
Joined: May 2008
Posts: 5,125
Re: Who uses adcb bank?
we have adcb and they are good
