QNB has signed an agreement with a leading local company Qatar Building Company (QBC), an exclusive agent for Hyundai, for equipment finance.
The agreement comes as part of QNB’s ongoing commitment to offer its business clients a variety of products and services that are considered to be essential components of any successful enterprise and entrepreneur.
QNB, through its business banking division, has launched an equipment finance programme tailored at the small and medium enterprises (SMEs) in the construction sector in Qatar. Financing ranges from 75% to 84% of the equipment’s value and is available for between one to three years.
QBC is a leading heavy equipment supplier and is the exclusive agent for Hyundai in Qatar which is now included in QNB’s equipment finance programme.
“As a premium supplier of quality equipment we view the inclusion of the Hyundai brand as a major endorsement of our programme,” Hamad al-Jamali, acting AGM for SME, QNB, said.
As per the new agreement, QBC will be referring their Hyundai customers to QNB in order to assist with the financing of their purchases.
The eligible equipment includes crawler excavators, wheel excavators, diesel forklifts, backhoe loaders, skid loaders, skid steer loaders, wheel loaders, rollers and breakers.
Under the terms of the agreement QNB will offer competitive finance rates to QBC’s customers and QBC will ensure the servicing of the equipment.
“We believe that our customers will be best served by QNB due to their very competitive financing rates, quick turnaround time and quality service they offer from multiple locations,” said Bader Mustafawi,
commercial manager, QBC.
To coincide with the finalising of the agreement, the first QNB customer to finance purchase of Hyundai equipment will be offered by QBC a business class trip to visit the Hyundai manufacturing facility in South Korea.
Moreover, the top three QNB customers will be offered the opportunity to travel free to South Korea, with the QBC