THE WAVE, MUSCAT SIGNS MORTGAGE FINANCING DEAL WITH BANK OF BEIRUT

MUSCAT: The Wave, Muscat and Bank of Beirut recently signed an agreement to offer mortgage-financing services on real-estate purchases at the waterfront community.

Bank of Beirut will provide competitive and convenient home-financing plans for both local and foreign investors looking to purchase a residential property at The Wave, Muscat, while offering maximum flexibility and a variety of repayment options to meet the needs of prospective buyers, a press release said.

Upon signing the agreement, Hawazen Esber, chief executive officer of The Wave, Muscat, said, “As part of us providing a second to none integrated living experience, we look to partner with reputable financial institutions such as Bank of Beirut to provide professional support for purchase transactions. This agreement will provide more financing options to our customers and will help to make the dream of owning a property at The Wave, Muscat a reality.”

Bank of Beirut is now offering up to 80 per cent of the value of the property for nationals, as well as for expats. The loan period shall be up to a maximum period of 25 years with a competitive floating interest rate of 4.5 per cent per annum regressive.

“We understand that buying new property is among the biggest purchasing decisions that people make,” said Ramy Zambarakji, chief executive officer of Bank of Beirut – Oman.

“Keeping this in mind, we have designed an exclusive home loan package which is built on a solid foundation of trust and transparency, one that will particularly benefit new home buyers at this exciting development,” Zambarakji added.

SOURCE: MUSCAT DAILY