A new program: to guarantee loans gold.

A new program: to guarantee loans gold.:
Created a UAE company that specializes in funding a new initiative to grant loans allow customers to borrow money up to 80% of the value of gold which they deposited. The first gold-equity loans offering of its kind to be launched in the GCC countries, offering competitive interest rates are among the lowest in the market for loans to individuals while at the same time ensure the safe storage of gold
The company announced the Emirates Financial, a subsidiary of Emirates NBD initiative loans to ensure gold available to individuals and companies in Saudi Arabia as well and that the program was launched in coordination with the authority of the Dubai Multi Commodities will be monitoring and implementation of all processes associated with the new product through the electronic system to store the precious metals Dubai Gold Receipt of the Centre for Dubai DMCC is part of the delivery system of the International DMCC, which aims to facilitate the financing of trade in goods.
And gold will be stored which may be in the form of jewelry or gold bullion in the treasury of art owned by the center and operated by Brinks Global Servsz global leader in risk management and logistics services, and safe, which has international experience extends to more than 150 years.

Customers have wanting to take advantage of the initiative to guarantee loans gold deposit worth up to 30 thousand dirhams or more of the gold to the company Emirates Financial note that the period of deposit ranging from below limit of six months and a maximum of 36 months.