After taking some of the priority based services such as purchasing a mortgage or loan, you can easily get the idea behind providing the priority based services by banks. This is obvious that throughout the lifetime the borrowers spent repaying the debt for a loan. If such a process remains the same, then it would be difficult for an account holder and he may getting problems with the following things:
- While handling the loan amount, may be a get fired or lose a job because of stress he or she was getting to cover the issue. This is quite hectic once you get stuck with a bank problem but everything have a solution. For this purposes you can take a consolidation loan and make thing workable.
- This life is full of unexpected happenings so we will always be ready for such kind of situations. Same in case of a loan project when you would be unable to pay installment due to injury or a sudden accident.
Well above mentioned are the few points which can help you to understand the banking systems with pros and cons. If you really need a priority based service like private banking wealth management then you should go for a renowned bank which can give you best rates. All these reasons can be considered in the list of different banks working in UAE and hence, the account holder can repossess the claim on the services by showing a good credit history. Now the point is how banking works for such kind of priority based services? You can divide banking system in two different setups like Islamic banking system with zero interest rates on all kinds of services, while on the other hand a common traditional banking system with interest rate which is running all over the world.
Let me share information related to our specific services which is wealth management. In case you have some amount to get invested then go for a bank. If you want to get profit with a limited amount with zero risk factor then Islamic banking is a good option. While the other option is also open for you with a maximum profit rate but you have to take some pressure because here the risk factor is bit high.
Although banking system in UAE is highly professional and they have an exposure of international clients, even then you need to cover your all weak points. This is a business and both parties will try to secure their benefits and interests. It seems banks are quite catchy due to their marketing tools and attractive packages but at the end of the deal you only have to survive with your own legs. No one will entertain you in case you get into a debt situation.
For best investment options, if you have any amount, you can approach any bank for mutual funds in Dubai which can be provided at reasonable rates. Your credit history will define that either you are eligible or not for taking such priority based services.
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