Launch Of The UAE's Premier Consumer Finance Product Comparison Site

Online, March 14, 2012 (Newswire.com) - The UAE has, this week, seen the launch of consumer financial product comparison site www.moneyshop.ae. The site is based in the United Arab Emirates and currently only caters for the UAE market.

The site has been created to allow consumers in the UAE (mainly Dubai and Abu Dhabi) to view the entire personal finance product market in one place with a standardised and uniform method of comparison.

All products, including credit cards, loans (car, home and personal), bank accounts and savings deposits, are displayed in simple to read comparison tables that outline important information such as interest rates, salary requirements, fees, rewards and minium and maximum loan amounts.

Moneyshop.ae also allows the consumer to get further product information directly from the individual banks by clicking through from the comparison table. If the product is suitable and meets the customers needs and requirements, the credit card, loan or bank account can be applied to directly from the banks own website. As www.moneyshop.ae wishes to stay completely impartial, no products can be purhcased or applied for directly from the www.moneyshop.ae wesbite.

"There has been a requiurement for this type of site for a long time in the UAE" says Rob B, founder of www.moneyshop.ae. "There is a general lack of transparancy and uniformity in the way that financial products, such as loans and credit cards, are displayed to the consumer. Moneyshop.ae aims to put all of these products into one place and lets the consumer make up their own mind as to whether or not their needs have been met".

Moneyshop.ae will eventually be adding insurance products to their comparison portfolio but for the time being will be concentrating on credit and savings based products. There will also be a local personal finance news article section for consumer news and reviews.

For more information, please visit www.moneyshop.ae.