Abu Dhabi banks announce 17 financial initiatives for the community and businesses

Emirates News Agency | Mar 25, 2020 at 9:57 PM
  • Deferred instalments (principal and interest) of existing personal and auto loans, mortgages, and credit cards will be made available for up to three months for eligible customers until the end of June 2020 with no additional bank charges.
  • All individuals, upon request to their banks, may defer instalments (principal and interest) on new personal and auto loans, mortgages, and credit cards for up to three months for eligible customers until the end of June 2020, along with a reduction of 50% in associated bank charges.
  • For those SMEs who have been impacted by COVID-19, upon request to their banks, they may defer instalments on existing borrowings for three months for eligible customers until the end of June 2020 with no additional bank charges.