QIIB has announced two special offers in relation to personal and vehicle finance to coincide with the holy month of Ramadan.
Under the first offer, QIIB customers and clients of other banks who are willing to transfer their accounts to QIIB, will be eligible for a special rate on personal finance.
In addition, QIIB will make a “complimentary deposit” equivalent to 1% of the personal finance to the customers’ accounts, subject to terms and conditions.
The second offer is in relation to vehicle finance.
Under this, QIIB has reduced the flat profit rate to 2.44% (equivalent to 4.54% reducing profit rate) on vehicle finance, for both new and used vehicles.
The finance will be covering all types of vehicles and Qataris will be eligible for up to 100% finance, while it will be 60% for expatriates.
QIIB deputy CEO Jamal Abdullah al-Jamal said: “We are always keen to share the bounties and virtues of the holy month of Ramadan with our valued customers. We have introduced this year two distinctive financing offers with flexible features and grace periods for both personal finance and vehicle finance.”
He said: “We are committed to providing the best options and services to our customers at profit rates that are considered one of the best in the local market. This reflects our deep appreciation for the loyalty of our customers and also comes in response to the increased demand we see on our products, services and offers. And this is one of the ways in which we can express our gratitude towards the expansion of our customer base, year after year.”
“We hope that the new offers meet the expectations of all our customers. To those who are newly joining our customer base to make the best use of our innovative services and the excellent profit rates we offer, we commit efficient and quality service that has been built on strong foundations of value-based banking over a period of more than 25 years in the local market,” al-Jamal added.
For clients seeking personal finance, say for example, QR100,000, the monthly payment would be QR1,662 over 72 months for Qataris and QR2,353 over 48 months for expatriates.
A “complimentary deposit” of QR1,000 will be credited to their savings account as a reward from QIIB.
As for vehicle finance from QIIB, for each finance of QR100,000, Qataris pay QR1,593 over 72 months and expatriates QR2,285 over 48 months.
Qataris can opt to start paying the first instalment on January 31, 2017 or earlier, while expatriates can benefit from a grace period of up to three months.
Existing customers or others wishing to transfer their accounts to QIIB can benefit from the new offers by visiting any bank branch conveniently located in various regions of Qatar.
They can also call the QIIB customer service centre on 44840000, which is available round-the-clock.
Jamal Abdullah al-Jamal
