Qatar- Commercial Bank offers exceptional summer loans

Date

4/16/2016 9:54:08 PM

(MENAFN- The Peninsula)

Doha: Commercial Bank is offering exceptional rates on personal and vehicle loans this summer in anticipation of Ramadan and Eid from as low as 2.29 percent with added discounts on travel and car-related products.

With Ramadan and the summer months approaching the bank’s Personal and Vehicle Loan campaign aims to cater for customers’ needs during the holiday season such as helping them pay for annual getaways and family vacations.

Planning a holiday whether it’s for a family or group of friends can be a financial burden with the need to pay for flights hotels visas and day-to-day expenses abroad and purchasing gifts.

The the bank’s low personal loan rates planning for holidays can be taken care of in advance ensuring a smooth stress-free summer period.

From now until July 30 customers can enjoy personal loan rates from 4.25 percent p.a. (equivalent to 2.29 percent flat) for Qataris and 4.75 percent p.a. (2.56 percent flat) for expatriates. All personal loans come with the added benefit of a 10 percent discount on any holiday booking via Dnata Travels reducing the cost of holidays further.

Ramadan is a popular period for vehicle financing too and with the bank’s competitively low rates and same day approvals customers can immediately buy the car of their dreams. Until July 30 vehicle loans start from as low as 3.69 percent p.a. (1.99 percent flat) for Sadara customers and 3.89 percent p.a. (2.10 percent flat) for non-Sadara customers. The first 250 customers applying for a vehicle loan below QR100000 will receive a Woqood voucher for QR500 worth of petrol while all vehicle loans for QR100000 or more receive a window tinting voucher worth QR1500 with Zeibart.

Additional benefits with vehicle loans this summer include a yearlong all-inclusive motor insurance rate of 2.60 percent from Massoun Insurance Services the bancassurance channel of Qatar Insurance Company.

The bank’s customers also benefit from same day approvals and dedicated banking support 24 hours.

Dean Proctor EGM Chief Consumer & Private Banking said: “The bank is delighted to announce its annual summer loan campaign which includes new offers and tailor-made benefits also during Ramadan and Eid.”The Peninsula

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