Commercial Bank is offering special deals on personal and vehicle loans this summer in anticipation of Ramadan and Eid with rates as low as 1.99% and additional discounts on travel and car-related products.
Demand for loans typically increases in the buildup to Ramadan and Eid, and Commercial Bank’s offer on personal loans is designed to meet the financial needs of customers, which may include preparations for Ramadan or the holiday season, and annual vacations or covering school fees.
Available now until July 30, Commercial Bank customers can enjoy personal loan rates from as low as 4.35% per annum (equivalent to 2.35% flat) for Qataris and 4.85% per annum (2.62% flat) for expatriates. Providing customers even greater value, all personal loans come with the added benefit of a 10% discount on any holiday package booking made via dnata travel.
Ramadan is also “the perfect time” to purchase a new car with Commercial Bank’s “competitively low rates” and same day approvals. Until July 30, vehicle loans start from as low as 1.99% flat (3.69% per annum) for Sadara customers and 2.10% flat (3.89% per annum) for non-Sadara customers.
The first 250 customers applying for a vehicle loan below QR100,000 will also receive a Woqod petrol voucher worth QR500 and all vehicle loans of QR100,000 or more receive a complimentary window tinting voucher worth QR1,500 from Zeibart.
Additional benefits with Commercial Bank’s vehicle loans this summer include a yearlong, all-inclusive motor insurance rate for as low as 2.40% from Massoun Insurance Services, the bancassurance channel of Qatar Insurance Company, and customers are able to pay for the additional costs associated with buying a vehicle using a Commercial Bank credit card at 0.00% per annum for up to 24 months.
On top of low rates, discounts and complimentary vouchers, Commercial Bank customers also benefit from same day approvals to ensure they get their money fast, and dedicated banking support 24 hours a day.
Dean Proctor, Commercial Bank EGM, Chief Consumer & Private Banking, said: “Commercial Bank understands that many of our customers have increased demands on their finances during Ramadan and Eid, and our competitively priced personal loans and vehicle loans can help customers cover the costs of Ramadan, summer holidays, or the purchase of their dream car.
“We continue to put our customers first, and both our personal loans and vehicle loans come with tailor-made added benefits that help our customers meet their commitments during Ramadan and this holiday season.”
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