Arab Bank Australia has been in operation since 1986, and now has branches across Sydney and Melbourne. It is a subsidiary of Arab Bank plc, the world’s largest network of Arab banks, stretching over 5 continents. Headquartered in Jordan, Arab Bank plc is proud to report that throughout their 80 year history they have never defaulted on any claims to customers or partners, despite worldwide economic and political difficulty.
Arab Bank has received five star ratings from CANSTAR for its home loan products in 2014, 2013, 2012, and 2011. In 2017 it won Money magazine's Best Term Deposit Short Term Award.
By partnering with leading Australian banks including Westpac, BankSA and Bank of Melbourne, Arab Bank customers are able to use around 3000 ATMs Australia wide. Arab Bank of Australia is headquartered in Brisbane, and the company's core values are listed as "mutual respect, customer service, trust, community and empowerment" on their website.
To apply for an Arab Bank home loan, you will have to either visit a bank brank in person or book a meeting with a home loan expert. Once you book this application meeting you will need to be able to provide the following information:
- You will need to be at least 18 years of age
- Proof of Identification: Enough to pass the 100 point check, which can include your passport, birth certificate, etc.
- You will need to be able to provide evidence of your financial details when you apply, so make sure you hang on to your tax returns, pay slips, and other financial details.
- A list of your income against your expenses, which will show the lender a more complete view of your current financial situation as far as incoming and outgoing cash flow is concerned.
- A list of assets and debts - assets include things like existing properties and investments as well as savings, while debts are any open lines of credit or other loans, etc.
- Details about the property you're planning to buy, such as the price of the property and how much you are looking to borrow.