IBQ offers cash back on loan transfers from other banks in Q...| MENAFN.COM

Tuesday, 09 August 2022 10:58 GMT

IBQ offers cash back on loan transfers from other banks in Qatar

(MENAFN- Gulf Times) Customers who move their loans to International Bank of Qatar (IBQ) will get 1% cash back, including a reduction of their current interest rate by up to 1%, with rates reaching as low as 4.05% for qualifying customers.

IBQ AGM and head of Retail Andrew Ball said: "Our 1% cash back offer with interest rate reduction of up to 1% on existing loans is a prime example of IBQ commitment to provide flexible financing solutions to our customers.

"The opportunity to move existing loans to IBQ also allows customers to top up their loans and get an additional amount. In addition, the tenor of the loan is more flexible as it is extended over a longer period of time, up to six years for Qataris and up to four years for expatriates."

In addition to the 1% cash back and interest rate reduction, IBQ offers reward points from the bank's thanq loyalty programme. thanq enables IBQ customers to accumulate points across a wide range of products and services and redeem them to book travel on more than 800 airlines and stays at 160,000 hotels worldwide.

Customers of other banks can start moving their loans to IBQ by visiting any IBQ branch. New loans require a minimum amount of QR100,000 and a minimum tenor of three years.

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