New rules for taking vehicle loans

No dude.. i dont work with Barwa Bank.. if i was then its interest free loans....for the employees..

But i was also hunting for a ca r loan..

so you both work for Barwa bank?

Really sunil... OMG... what a difference.....

7.1... OMG.. its toooooo high... contact some other bank.. u will get better rates.. 3.4 onwards.. try Barwa bank..

yesterday i called qnb they said the intrest rate is 7.1%.

why dont you just call up the bank and clear your doubts. Then come back and post what you got from them.

+1 - u recycle 80 of your salary in the qatari economy

yep ! here are the rules :

- u gotta pay 20% of the car

- u never been fined by moroor

- u know some one who's name contains HE & Bin

- u recycle 80 of your salary in the qatari economy

- u shop, shop, shop

- u eat, eat, eat

- u never send money overseas

some say.. its been reduced little.. but then i didnt see much difference..

this evening only i diss for my loan..

as per new law..

u have to pay 20 % as down payment @ total value of the car.. and secondly u need to have ur salary transfered to the same bank. Rest every thing as before..

Is there any change in intrest rate?

There are no new rules, except your Monthly Salary should be coming in the Same Bank, from where you would take the Car Loan...

AHT...r u talking about monthly or annual salary 55000 QR

no way..

the only thing is u need to have salary account with the bank.. and no commitments with the bank.. this is wat i know..

Minimum salary to take loan QR 55000 ;-)