Headlines

Bank Offers Interest-Free Loans To Vaccinated Customers

In an effort to get everyone vaccinated against COVID-19 within the nooks and crannies of the country, a financial institution has taken its campaign further by waiving administrative fees for personal and property facilities.

Al Salam Bank in Bahrain disclosed that it will be suspending charges for loan issue to customers in the latest regional initiative aimed at encouraging uptake of the jab.

The Algeria bank is offering financing products with no administrative fees, including personal and property facilities as well as the Mazaya social housing program.

Advertisement

Bank Offers Interest-Free Loans To Vaccinated Customers

READ: COVID-19: WHO Lists Janssen Vaccine To Safe And Effective Emergency Tools

Meanwhile, customers of the bank can benefit from the offer by showing an official medical certificate or the kingdom’s ‘BeAware’ application as confirmation of their (COVID-19) status.

“We are proud to launch the Al Salam Initiative, which aims to encourage all eligible members of the Bahraini community to take the vaccine against Covid-19, as a crucial step towards protecting themselves as individuals as well as the greater community,” said Al Salam Bank’s head of Retail Banking Mohammed Buhijji.

Advertisement

“Granting a waiver of administrative fees on all financing facilities to all our customers who have been vaccinated is a reflection of our ongoing support to the public during the current circumstances.”

READ: UBA Grows Profit To N113bn; Analyst Recommend Hold On Stocks

Recent announcements across the GCC have included discounted driving lessons, free coffee and complimentary taxi journeys.

Advertisement

Last week Bahrain Grand Prix announced that those vaccinated or who had recovered from the virus would be eligible to buy tickets for this year’s Formula One season opener.

Facebook Comments
Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

Recent Posts

Stanbic IBTC Trustees Wins Diamond Award For Customer Focus At 2025 West Africa Innovation Awards

Stanbic IBTC Trustees, a subsidiary of Stanbic IBTC Holdings, has been recognised as the Most Customer-Focused…

6 days ago

Apple Unveils iPhone 17 Air, Slick, Slimmer Than Previous Models (PHOTOS)

Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…

1 month ago

Six-Year-Old Ella Shoots, Kills American Police Officer In Mother’s Defense

A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…

1 month ago

LIRS Urges Taxpayers To Meet March 31 Deadline For Annual Tax Return Submission

The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…

1 month ago

Stanbic IBTC Bank Partners Autochek To Boosts Car Ownership, Disburses N4Bn

Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…

2 months ago

Stanbic IBTC PMI®: Output Growth Accelerates To Fastest In Just Over One Year

The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…

2 months ago

This website uses cookies.