(MENAFN- The Peninsula) International Islamic has announced the launch of Qatar National Day promotions, including personal finance and car finance for customers and non-customers.
The offers enable applicants willing to transfer salaries and other obligations to the bank to obtain personal and vehicle finance at competitive rates, Deputy CEO Jamal Al Jamal said yesterday. "We are keen to celebrate National Day with customers by giving them the best deals," he said.
The offers include benefits for customers who transfer their salaries to the bank. The offer also includes advantages, such as competitive profit rates for Qataris and expats.
EMI for a loan of QR100,000 is QR1,661 for Qataris for over 72 months, and QR2,352 per month over 48 months for non-Qataris.
Customers will also be eligible to get a 'cash gift' in their account equivalent to 1.8 percent of the new funding. For repayment, a grace period of up to one year will be given to Qataris and repayment of monthly instalments starts in end-January 2016. In the case of expats, a grace period of up to three months will be granted. For vehicle finance, bank customers will be eligible for a profit rate of 2.18 percent, as part of National Day celebrations. Finance of up to 100 percent of the value of the car regardless of whether it is used or new, will be given to Qataris and 80 percent to expats. No vehicle mortgage is required for Qataris. "We have planned to mark National Day in the best way possible by offering our customers the best deals."
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