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To mark the occasion of Qatar National Day on December 18, International Islamic has announced the launch of two new offers pertaining to personal and vehicle finance for its customers, both Qataris and expatriates. |
This is in response to the aspirations of a large segment of International Islamic’s customers, the bank has said in a statement.
The new offer enables International Islamic customers, or non-customers who are willing to transfer their salaries and other obligations to the bank, obtain personal finance at competitive rates, the statement adds.
Customers will also be eligible to get a “cash gift” in their account, equivalent to 1.8% of the value of the new funding.
A grace period of up to one year will be provided to Qataris, wherein the repayment of monthly instalments starts in end-January 2016.
In the case of expatriates, a grace period of up to three months will be provided.
For every finance of QR100,000, the EMI will be QR1,661 for 72 months for Qataris and QR2,352 for 48 months for expatriates.
As far as vehicle financing is concerned, all International Islamic customers will be eligible for a profit rate of 2.18%, specially designed and launched as part of Qatar National Day celebrations.
Finance of up to 100% of the value of the car, regardless of whether it is used or new, will be given to Qataris and 80% to expatriates.
The bank’s Qatari customers can start repayment by end-January 2016, while expatriate customers can take advantage of a grace period of up to three months.
Also, no vehicle mortgage is required in the case of Qataris.
“We have planned to mark Qatar National Day in the best way possible by offering our customers best deals. Qatar National Day is a very special and dear occasion for all of us,” said Jamal Abdulla al-Jamal, deputy CEO of International Islamic.
Al-Jamal hoped such promotions would meet the demands of different clients of the bank.
Existing and new customers can benefit from the International Islamic offer by visiting any of the bank’s branches in Qatar or calling the 24x7 customer service centre at 44840000.
