HSBC Qatar has announced reduced interest rates on personal loans, which now start at 4.99% annually.  Premier and Advance customers will benefit most from these pricing discounts subject to specific terms and conditions.
“We know many of our customers this time of the year need to plan for larger financial expenses related to children’s education and travel. Our loan offering is tailored to suit these specific needs. We focus all of our efforts on supporting the needs of our customers and trying to shape our products and services accordingly,” said Kris Werner, head of Retail Banking, Qatar. High loan amounts for Qataris (of up to QR700,000) and for expatriates up to QR350,000 are on offer at these rates, provided the individuals fulfil credit and product requirements.  
Customers will also benefit from payment deferment options twice a year as well as flexible repayment tenures of up to 72 months for Qataris and 48 months for expatriates. HSBC also offers complimentary credit life protection and no upfront charges or fees for this offer.
More information is available from the HSBC website www.hsbc.com.qa or at the bank branches in Al Matar street, Salwa Road and City Center.