MoneyCamel.com in Media

UAE Property

Interest rates on mortgages in Dubai have dropped over the last three to four years from 9 per cent to 4.5 per cent per year. Banks are also offering other incentives to would-be homeowners, such as discounts on processing and valuation fees, and reduced interest rate during the first year.

“As a matter of fact, people who got a mortgage in 2008 to 2009 can benefit significantly by switching to cheaper loans,” said Preeti Bhambri, managing director and founder of Moneycamel.com. 

Published: August 27,2013

UAE banks appear to be back in the lending game, with a number of them now offering customers with freebies to get them to sign up for a personal loan. According to industry sources, the personal borrowing uptake has increased on the back of renewed consumer confidence in the economy, while banks have upped their lending strategy.

Borrowers are being enticed with free air travel, holidays and delayed repayments. Customers whose companies are not in the banks’ “approved list” also have more chances of getting a loan.

Published: Gulf News- September 12,2013

Personal Loan Agreement

If you do have to take out a loan, it pays to consider the following pointers:

• Shop around for the lowest interest rate. Don’t get tempted by the advertised figures, as in most cases, they are merely starting interest rates and are applicable to a select few customers. “Others end up getting a much higher rate. Individuals should check the rate applicable to them before signing a loan agreement,” advises Preeti Bhambri, founder and managing director of MoneyCamel.com

• Look at the first-year clause. 

• Watch out for excessive charges. 

Published: Gulf News- September 14, 2013

Dubai Shopping Festival

Sales are designed to ease off financial pressure by reducing the cost of acquisition. So with two weeks to go before the end of Dubai Shopping Festival (DSF) on February 2, Preeti Bhambri, the founder of  Money Camel, a UAE price comparison website,  shares for her tips for a successful shopping spree.

1. What to Spend. 

2. Make a priority List. 

3. Compare before spending. 

4. Focus on buying the most important and most expensive items first. 

5. How to Spend. Use your credit like a debit card to shop. 

Published: The National, January 20, 2014
Student Loans UAE

Saving for your child’s education is one of the biggest investments you can make towards their future. Depending on their age and place of study, the level of contribution you will be expected to make can differ significantly, but the most important thing is to have a clear plan in place that covers the inevitable expenses that will arise in the short, medium and long-term.

Many parents think only in terms of saving for higher education, but you also need to factor in the early education costs as well. Think about the 3 key stages of a child’s education and the expenses involved at each stage.

Published: Gulf News- April 5, 2014

Al Etihad Credit Bureau

Will the new Credit Bureau affect the common man in the UAE?

The answer to this question is a resounding yes. Al Etihad Credit Bureau (AECB), a federal government company specialised in providing UAE-based credit reports and other financial information, has announced it will be operational by the end of this month. The bureau is still collecting data from UAE banks before it consolidates information and makes credit reports available to banks and individuals. Here is guide to how the Credit Bureau will affect you.

Published: The National- March 7,2013

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