QIIB has launched a new ‘Instant Personal Finance’ offer through its digital channels (QIIB Mobile and Internet Banking) with exceptional features including a competitive finance rate and ‘Avios’ reward miles from Qatar Airways Privilege Club.
By applying for this offer, which is valid until August 31, QIIB customers can obtain instant personal finance via QIIB Mobile and Internet Banking.
Each customer will be granted a reward of 10,000 Avios by Qatar Airways Privilege Club for every QR50,000 worth of finance with a minimum four years financing period and its multiples and receive 10,000 Avios for every QR100,000 of finance with a financing period between two and four years and its multiples.
Under the terms of the new offer, customers who obtain finance can benefit from a grace period of up to 12 months for Qatari nationals and three months for expatriates, calculated based on the finance term.
Upon satisfying the required standards and uploading the necessary documents to QIIB Mobile Banking or Internet Banking, the finance amount will be transferred to the customer’s account in real-time.
QIIB Chief Executive Officer Dr Abdulbasit Ahmed al-Shaibei, stated, “We are pleased to launch a new personal finance offer through our digital channels in collaboration with Qatar Airways Privilege Club. This offer is in line with the bank’s directions in promoting digital transformation culture and encouraging customers to use digital channels, given their various benefits, including their ease and efficiency.”
He noted, “Customers’ rising demand for QIIB Digital Channels is our driving force behind launching such offers. QIIB has put in place a high-performing digital infrastructure as part of executing a large part of the Bank's digital transformation plan. Most of QIIB’s services and products are available through the digital platforms and some operations were completely digitalised in satisfaction of the Customers’ preferences who wish to execute such operations without the hassle of visiting the Bank’s Branches.”
“The QIIB finance offer meets the requirements of our customers. It was launched after studying the market needs and monitoring the customers’ aspirations to obtain personal finance with competitive features, flexible terms and a quick turnaround of financing. In order to obtain the personal finance through our Digital Channels, the customer who meets the conditions is only required to upload the necessary documents to QIIB Mobile or Internet Banking and the request will be processed in real-time.
“An instant text message will be sent to the customer’s mobile phone stating that the required finance was obtained. The customer may apply at any desired time, round the clock without the need to be limited to the official working hours of a branch.”
He continued: “The personal finance offer via QIIB Digital Channels carries an added value represented in the cooperation and partnership with Qatar Airways, the world's leading airline, through granting customers who obtain personal finance under this offer, a reward of up to 20,000 Avios for each finance of QR100,000. This will help e customers to head to their desired destinations, especially while approaching the summer and vacations season.”
Dr Al-Shaibei called upon the bank’s Customers to “avail of this special offer” designed to keep up with the customers’ requirements and aspirations while taking into account the best standards applied in the banking sector by ensuring customers are granted finance at the lowest possible cost and with the best features.
Qatar Airways Group Chief Executive, HE Akbar al-Baker said, “We are constantly striving to provide Privilege Club members with maximum benefits for being a part of our loyalty programme. Partnering with QIIB will provide our loyal customers with a convenient tool to collect 10,000 Avios when opting for finance of QR50,000 or QR100,000 depending on financing duration. This is another testament to our commitment of providing a world-class experience to local members, giving them more ways to earn and burn Avios in Qatar.”