International Islamic unveils two festive offers

International Islamic has unveiled two offers to coincide with Ramadan. Customers availing of new personal finance of QR100,000 or more will get a reward of 1% of the amount, which will be credited to their account. Meanwhile, customers taking new vehicle finance will get the lowest flat profit rate of 2.22% for the entire period. On the offer, International Islamic Deputy CEO Jamal al-Jamal said: “To better reflect the values of the Holy Month of Ramadan on our offer, we at International Islamic have decided to give our clients a reward equivalent to 1% of their personal finance amount and also reduce the profit rate to a flat 2.22% for vehicle finance.” “Until the end of the Holy Month, our clients who have been approved for personal finance will get a reward of 1% for QR100,000 or more that they avail of from the bank. The reward will be credited to their account,” he explained. “We know many car dealers have come up with offers during the Holy Month. But we have reduced our profit rate to an unprecedented lowest flat rate of 2.22% for the entire period of funding. The auto financing will be extended to both new and used vehicles without the need for a mortgage. These offers come as part of our commitment to help meet our clients’ financial needs during Ramadan and reward them for their loyalty to the bank.” A client who has been approved for personal finance of QR100,000 will get a reward of QR1,000, which will be credited to his/her account. The monthly premium for Qataris (for a personal finance of QR100,000 ) will be QR1,661 for a period of 72 months and expatriates QR2,352 over 48 months. Similarly, under the vehicle finance, approved clients will get the lowest flat rate of 2.22% for the entire period of funding without the need for mortgage. For every QR100,000 of vehicle finance, Qataris pay QR1,574 over 72 months and expatriates QR2,267 over 48 months. In eligible cases, the finance will be extended within one hour. Also, customers can opt for a grace period of up to six months (Qataris) and three months (expatriates).