National Bank of Fujairah waives processing fees on education loans during the NAJAH Exhibition in Abu Dhabi
National Bank of Fujairah (NBF) PJSC announced today that it will be waiving processing fees on education loans as part of its participation at the 12th edition of Abu Dhabi’s Najah Exhibition. Slated to take place between October 31st until November 2nd, the three-day comprehensive event catered specifically for prospective university students, their parents and teachers. The bank will showcase its latest proposition Ajyal at the event, NBF’s tailor-made service focused on supporting the needs and aspirations of the young Emirati generation.
A recent study conducted by NBF in collaboration with Ipsos revealed that 35% of young Emiratis between the ages of 18-25 believe that getting an education from a reputable institution is the most important pre-requisite for securing a successful future. Also, 33% of respondents mentioned that they choose their bank as they get ready to enter university to act as their partner to achieve future milestones.
Aiming to position itself as the partner for the young generation, NBF is participating in the Najah Exhibition shortly after making an appearance at the Youth Hub event as part of its efforts to raise awareness about Ajyal. In addition to availing the zero processing fees during the fair, parents who apply for education loan can get up to AED300,000 or 20 times their salary and benefit from flexible repayment terms of up to 48 months as well as competitive interest rates.
About National Bank of Fujairah PJSC:
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari’a compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.NBF’s key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1/Prime-2 for deposits and A3 for counterparty risk assessment by Moody’s and BBB+/A-2 by Standard & Poor’s, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol “NBF”. It has a branch network of 18 across the UAE.