Prime Bank offers benefits on home loan transfers

Prime Bank PLC has launched a “Home Loan & Investment Transfer Campaign” under its Hasanah Islami Banking, enabling customers to transfer their existing conventional home loans or Islamic home investments from any financial institution and avail themselves of up to a 2 percent reduction in the prevailing annual profit rate.

The campaign is designed to ease financial pressure on customers and help them redirect savings towards everyday needs and long-term aspirations, according to a press release.

Through the initiative, customers can shift their conventional or Islamic home financing facilities to Shariah-compliant Hasanah Home Investment, resulting in lower monthly instalments and greater financial flexibility over the long term.

Under the offer, customers will receive competitive profit rates, flexible repayment options, personalised advisory support and a smooth transfer process, making housing finance easier to manage while unlocking meaningful savings.

Commenting on the initiative, M Nazeem A Choudhury, deputy managing director of Prime Bank PLC, said, “This home loan and investment transfer offer allows customers to move their existing conventional or Islamic housing finance to Prime Bank’s Hasanah Islami Banking and benefit from up to a 2 percent profit rate reduction.”

“Our goal is to make home ownership more affordable while enabling customers to enjoy tangible savings,” he added.

Prime Bank’s Hasanah Home Investment solutions are designed to meet diverse customer needs and are backed by transparent pricing, prompt processing and dedicated relationship management, the bank said.

Customers interested in transferring their conventional home loan or Islamic home investment to Prime Bank’s Hasanah Islami Banking can learn more by visiting www.transfer2prime.now or contacting their nearest Prime Bank branch.