| Overview |
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flagFounded: 1986 |
businessOwned by: Arab Bank |
monetization_onFunded by: Retail deposits and wholesale capital markets |
securityLMI Provider: Genworth |
account_balanceLender type: International bank |
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Arab Bank Australia Limited, also known as ABAL, has been operating since 1986. It is a foreign-owned subsidiary bank of Arab Bank. ABAL offers a range of banking services, home loans and international trading services.
Arab Bank Australia (ABAL) is not an available lender on our panel. This is a review only.
How Do Arab Bank Australia’s Home Loans Compare?
Pros
- Can borrow up to 95% of the property value
- Offers bridging loans
- Competitive rates for variable- interest home loans
- Loan portability is available
Cons
- Branches are limited to Sydney and Melbourne
- Does not offer much for bad-credit borrowers
- Offers only principal-and-interest repayments
- Fixed rates are not so competitive
What Home Loans Does ABAL Offer?
Arab Bank Australia offers home loans for owner-occupiers and investors.- Fixed-rate home loans: You can borrow up to 95% of the property value. You can choose to fix your home loan interest rate for up to five years. Once the fixed period is over, your mortgage will revert to a lower, variable rate.
- Basic home loan: This is a basic variable-rate home loan. You can borrow up to 95% of the property value.
- Essentials home loan: This is a variable-rate home loan that offers the flexibility to pay off your home loan sooner.
- Bridging loan: A loan that offers fast approval so you can settle by a stipulated date. There are no monthly account-keeping fees or ongoing annual fees.
