PLS ADVICE WHICH LOCAL BANK OFFER LOAN W/LOW INTEREST?
Hello QL folks...
Please advice me based on anyone's experience in Qatar when it comes to bank services, can anyone tell me which bank offered loan w/low interest and no hidden charges every services? I've encountered loan officers who is representing numerous bank and each of them are saying convincing words that they are a good loaner...
I was hoping QL site would be a good resources of info and can give a friendly tips!
Best regards to all and advance many thanks!
Hey guyz thanks for the quick response! We do appreciate it...We heard Mashreq offered good services as well???
anyway, I'll convey your advice to my colleagues who is interested with loan.
Once again many thanks!
Stay away from banks that offer the lowest rates, banks like IBQ, khaleeji offer the lowest rate,get the customer in and then later on increase the rates, its mentioned in the loan contract fine print that they can do.
Best bank i would say is commercialbank qatar, who I personally feel are honest, have been a loyal customer for the last few yearss. i would recommend them to you anyday.
HI
CHECK THE COMMERCIAL BANK EXAMPLE
LOAN AMOUNT:10000
TENURE:10MONTHS
EMI:1105/MONTH
Calculated loan care Rate;0.42
Management Fees: QR 250.00
Loan Care QR 42.70
Net Calculations
Fixed Monthly Installment QR 1,105.68
Total Loan Amount QR 10,292.70
HI
BANKS WANT TO RUN LONGTERM, SO OFFCOURSE THEY WILL CHARGE SOME GOOD INTEREST. SOME BANK MAY GIVE LESS INTEREST BUT BE CAREFULL PROCESSING CHARGES ARE MORE AND MORE OVER IF UR EMI DELAY THEY WILL CHARGE MORE PENALITY AS WELL.
CLICK THIS LINK
http://www.google.com/search?q=QATAR+BANK+LOANS&rls=com.microsoft:en-gb:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7
all banks have hidden charges. uhm, I've read somewhere that Al Khaliji Bank offers loan with low interest. Its a new bank.
Try QNB.