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News Article

07 September 2006


Dubai, UAE, September 7, 2006: Abu Dhabi Commercial Bank (ADCB) one of the top Banks in the UAE has introduced in partnership with the leaders in Scandinavian furniture and accessories, IDdesign a new smart loan scheme that will provide IDdesign costumers with an easy option to buy furniture from its vast range.

Under the new ADCB Smart Loan system, IDdesign customers can purchase furniture and home decoration without actually having to make a salary transfer from their employer. With monthly installments as low as AED 294 for a loan of AED 10,000, they can now choose their favorite items, without having the pressure of immediate payments.

Targeting all UAE residents, the offer is open to people within the age group of 21 and 65 years, earning a minimum salary of AED 2500 and above. The offer is available to customers with or without a salary transfer to ADCB and the loan amounts can range between AED 5,000 and 75,000 for a period between 6 and 48 months.

Arup Mukhopadhyay, Head- Retail Products at ADCB said: “We are pleased to extend our support represented by this financial agreement, which will play an exceptional role in facilitating the service provided by our partner IDdesign”

Ajai Dayal, General Manager of the Easa Saleh Al Gurg group, said: “Many of our customers would like to purchase IDdesign’s premium furniture and some of them would like to spread the payments over a few months. Through this facility, we hope to make it easier for them to purchase our products and pay back in easy installments.”

IDdesign’s products are available at outlets in Dubai on the Dubai-Sharjah Road and inside the Mall of the Emirates. The Abu Dhabi showroom is located on 6th Najda Street, behind Abu Dhabi Municipality.

IDdesign offers free delivery and installation of its products at the customer's premises, and a two-year guarantee is an added feature of its customer-friendly service.

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