Doha Bank announced the extension of its “0% personal loan offer,” which offers customers transferring their salaries the chance to secure a personal loan and benefit from the promotion’s special grace period of up to three months and competitive loan rates.

Doha Bank Group chief executive officer Dr R Seetharaman said: “We have extended the personal loan offer for another three months in response to the huge success of the ongoing campaign and the continuing demand. It will give people more opportunities to consolidate their liabilities under one single personal loan and opt to waive instalments for up to three months.”

“It gives people the ability to further expand their investment horizons and commit to assets and projects that will be beneficial to their families and lives overall. For those who have already leveraged their loan eligibility, this is also a good opportunity to take a breather and defer some payments,”
Seetharaman said.

He added that this was the second year in which the 0% loan became a primary feature for Doha Bank customers “and the response to the campaign has been growing since it was first introduced in 2012.”

“Doha Bank personal loan offer is the most competitive in the market and in addition to consolidation of all other liabilities, gives customers the ability to get top up loans and to benefit from the inclusive three-month postponement of instalments that are available to all customers utilising this offer during the campaign period. The 0% interest is applicable for up to 12 months of the overall loan tenure,” Seetharaman
explained.

He added that the personal loan offer includes overall loan terms of up to six years for Qataris at 0% interest for up to 12 months while expatriate customers receive up to nine months of their loan calculated at 0% interest, inclusive of long overall loan tenures based on their borrowing appetite and
eligibility.

Suresh Bajpai, head, Retail Banking, said: “The guaranteed speedy approval processes will certainly make the banking experience exciting and rewarding, so we invite customers from all other banks to benefit from this exclusive opportunity to consolidate and transfer their loans to Doha Bank and to enjoy the privileges of this great offering with an added grace period.”