08, October 2011

Tamweel launches 'Home Finance Plus,' UAE's first integrated home finance programme
  • 'Home Finance Plus' provides homeowners with wide range of essential services at no additional cost
  • Introduction of bouquet of services highlights company's focus on innovation and customer care

Dubai, October 8, 2011: Tamweel PJSC, the UAE Islamic home finance provider, announced today the launch of "Home Finance Plus," the country's first integrated home finance programme, which provides homeowners with a wide range of essential services at no additional cost.
In line with its focus on innovation and customer care, Tamweel's "Home Finance Plus" takes a different approach to home ownership by covering many of the expenses and hassles involved in the process – easing short-term cash-flow concerns and removing much of the stress associated with buying a new home.
Specifically, this fully integrated programme, which will be provided to new Tamweel customers at no expense to them, includes: free residential maintenance and life takaful for two years; a rental discount equal to property takaful for 2 years; free relocation services; furniture discount from partner outlet; free property evaluation; and profit-free property registration finance.
The introduction of this bouquet of services comes in response to the company's ongoing research into the preferences of its customers, according to Varun Sood, Acting Chief Executive Officer of Tamweel. "Based on our years of experience meeting the evolving needs of homeowners in the UAE, we have identified some essential components of home ownership – and have decided to include them in our Finance offer by absorbing the cost associated with them," he said.
"We understand that providing the right home finance solution, with the right mix of value added services and the highest level of after-sales support , is paramount for our customers," Sood added. "But we also recognise how important peace of mind is to new homeowners, who want the process of closing on their home and then moving in to be as simple and stress-free as possible. That is why we are so pleased to announce the launch of 'Home Finance Plus,' the first truly integrated home finance programme in the UAE."
Highlighting that the seven components of this programme will evolve over time in accordance with customer preferences, Sood concluded: "Tamweel is an entirely customer-focused company, and this solution has been designed to meet our customers' needs. In the months and years to come, we will continue to consider the feedback of our customers, and tailor the elements of 'Home Finance Plus' to address those evolving expectations."