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Home » Coronavirus in UAE: Abu Dhabi announces three-month relief on EMIs – News
Khaleejtimes

Coronavirus in UAE: Abu Dhabi announces three-month relief on EMIs – News

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Benefits include deferment of instalments for loans, refund of credit card processing fees, and zero service fees on utility bill payments.

Banks in Abu Dhabi have unveiled a package of initiatives to support the emirate’s community and businesses as the country fights the Covid-19 coronavirus, in line with the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

First Abu Dhabi Bank, Abu Dhabi Islamic Bank, and Abu Dhabi Commercial Bank, in coordination with the Abu Dhabi Department of Finance and Department of Economic Development, have put together 17 financial initiatives for individuals and SMEs.

Benefits for individuals include deferment of instalments for loans for up to three months, refund of credit card processing fees, and zero service fees on utility bill payments until June 30, among others.

Here are all the details of the initiatives:





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