Car loans

Name: Qatar Living Classifieds
Rating: 4.1 (228 reviews)
Author: Qatar Living

By ukguy •

Hi,

Does anyone know if Banks put on special offers during Ramadan for car loans?

I had a car lined up to buy but my bank, Commercial Bank, have increased the interest rate from 1.7% to 4.95% as the promotion finished.

Is it worth waiting until Ramadan or should I just take the hit with the current interest?

Thanks

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4 comments Sort by rating

By International Bank of Qatar - IBQ• 29 Jul 2012 12:17

Rating: 4/5

With IBQ vehicle loans, drive away with more than just a loan. For more information visit:

http://www.ibq.com.qa/PersonalBanking/Loans/Vehicle/Vehicleloancampaign_en_gb.aspx

By ukguy• 1 Jul 2012 13:22

Thank you both for your comments.

As Ramadan is just around the corner I think i'll continue with my rental and wait to see what offers may come about

By just1s• 1 Jul 2012 12:23

Rating: 4/5

I think that is the normal interest charge for car loan, wait till ramadan your bank might have promotion during that time.

You cannot get loans from any bank unless you have your salary transfer with them.

By jaiditsol• 1 Jul 2012 11:45

Rating: 5/5

I believe the 1.7% interest only applied for the 1st year. After that it returns back to the standard 4.95%. And yes usually in Ramadan there are good promotions for vehicles and bank loans.

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