First Abu Dhabi Bank partners with Al-Futtaim IKEA on home furnishing loans
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The programme is run by the Abu Dhabi Housing Authority
by Zainab Mansoor
August 4, 2021
UAE lender First Abu Dhabi Bank (FAB) has partnered with IKEA, part of the Al-Futtaim Group, to offer customers of the National Housing Loan (NHL) programme, specialised personal loans to furnish their homes.
The NHL programme provides UAE nationals in Abu Dhabi with interest-free housing loans to buy prefabricated homes, build private homes, or expand existing ones. The programme is run by the Abu Dhabi Housing Authority (ADHA), where FAB is mandated with managing, disbursement, building management and repayment on behalf of the authority. FAB customers can apply through its website, official news agency WAM reported.
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