Commercial Bank offers special summer loan rates| MENAFN.COM

Thursday, 18 August 2022 04:57 GMT

Commercial Bank offers special summer loan rates

(MENAFN- Gulf Times) Commercial Bank has announced that it is giving away travel vouchers worth QR15,000 every week for two customers as part of its latest campaign for summer.

At the same time, the bank said it is offering customers personal, vehicle, and mortgage loan deals from as low as 1.99% flat interest rate (equivalent to 3.69% reducing interest rate).

Commercial Bank said its summer campaign caters to customers' needs during the summer period, including helping customers pay for special family vacations, end of year tuition fees for their children, wedding plans, and key investment opportunities such as buying a new property.

Dean Proctor, executive general manager (retail and consumer banking), said, "Commercial Bank is pleased to announce its exciting new summer campaign to support customers in financing any additional expenditure through the summer months which combines exceptional rates for personal, vehicle, and mortgage loans with market leading turnaround times on all financing and the chance to win a travel vouchers worth QR15,000 every single week."

He added, "Ramadan is always a popular period for vehicle financing too, with dealers launching special offers on cars, which means with Commercial Bank's low rate loans and same day approvals customers can take advantage of these offers and buy the car of their dreams."

The campaign period started yesterday (May 5) and

will last until Eid al-Fitr in July.

"Customers will benefit from personal loans with repayment rates as low as 3.99% reducing interest rate (equivalent to 2.15% flat interest rate), vehicle loans as low as 1.99% flat interest rate (equivalent to 3.69% reducing interest rate), and special mortgage loans with repayment rates starting from 3.99% reducing interest rate (equivalent to

2.15% flat interest rate)," he said.

All accounts come with the added benefit of an optional payment holiday of up to three months for expatriates and up to six months for Qataris, he added.

"Customers who take a loan out with Commercial Bank during the campaign period will automatically enter a prize draw to win one of 24 travel vouchers worth QR15,000. A draw will be made once a week, with two winners each for 12 weeks to coincide with the summer months when many choose to take their long relaxing vacations.

"On top of low rates, payment holidays, and weekly winners, customers also benefit from same day approvals and dedicated banking support 24 hours a day," Proctor said.

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