QIB has partnered with automotive dealers and brands to offer “special” financing deals on new vehicles during Ramadan.
The financing deals are designed to offer QIB customers “additional choice and competitive financing” when purchasing a new car during Ramadan, the bank said.
Under the terms of the limited-time offer, QIB customers will be able to purchase both “popular and luxury” vehicles from a “variety of world-recognised manufacturers under competitive and equitable financing arrangements.”
During Ramadan, QIB customers purchasing a vehicle from one of the nominated partners will enjoy discounted profit rates starting from 2.1% (flat) or 4% annual percentage rate (APR).
All Qatari customers will receive a six-month and expatriates’ three months grace period upon signing.
QIB customers will also benefit from a low 2.5% comprehensive insurance rate, and will be provided with a free co-branded ‘Signature’ or ‘Platinum’ QIB – Qatar Airways credit card for the first year after purchase.
The automotive dealers and showrooms involved in the partnership have been specifically chosen to offer QIB customers a wide variety of choice and the highest level of trust when purchasing a new vehicle.  
The automotive dealers QIB partnered with are: Abdulla Abdelghani & Subsidiaries – Toyota and Lexus; Mannai – GMC, Cadillac and Subaru; Al Boraq – Porsche; Q-Auto – Audi; Al Fardan – Range Rover, BMW and Jaguar; Saleh Al Hamad Al Manaa – Nissan, Infinity; Jaidah Automotive – Chevrolet; New Trade Engineering – Alfa and Fiat; Domasco – Honda; National Car Company – Hyundai;  Ibin Ajayan - Skoda; and Al Moshtarak, Diar El Ezz, Al Nasser and El Beremi – a variety of makes and models.
“Our Ramadan automotive finance deals are part of QIB’s continued commitment to providing the best offers and deals to our clients,” said D. Anand, general manager, QIB’s Personal Banking Group.
“QIB always strives to meet – and exceed – our customers’ needs and expectations, and this special offer is a way of helping our customers purchase their favourite cars at highly competitive prices.”

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