I have just bought a car recently (Nissan) and dealt with "QNB al islami".
The interest rate is 3.99% if loan is 1-3 years.
The rate is 4.1% for 4-7 years.
For non-Qatari citizens, I think maximum loan period is 6 years.
BUT I DID BUY DURING A PROMOTION PERIOD, SO I CAN'T JUDGE IF THIS IS GENERAL.
The good thing about islamic loans is you get a up to six payments permit without having extra interests imposed, as long as these are not within the beginning payments.
Most of the non islamic banks say 3.99%. These banks have hidden charges. Islaic loan system is different. Its without interest and they will take profit for the investment.
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I have just bought a car recently (Nissan) and dealt with "QNB al islami".
The interest rate is 3.99% if loan is 1-3 years.
The rate is 4.1% for 4-7 years.
For non-Qatari citizens, I think maximum loan period is 6 years.
BUT I DID BUY DURING A PROMOTION PERIOD, SO I CAN'T JUDGE IF THIS IS GENERAL.
The good thing about islamic loans is you get a up to six payments permit without having extra interests imposed, as long as these are not within the beginning payments.
Depending where you work,
3.99% flat for *A* companies
4.5% flat for *B&C* companies
5.5% if it isnt in Bank's preferred company list
-Ahli Bank
QNB : 4.1%, Ahlibank : 3.99%. Other banks, call/come to customer service.
thank you so much for the swift response.. Regards to all... (,")
Al Khaliji is Offering da best .....as its a new bank so its quite good....der interest rate is 3.99% wdout n e hidden charges like cbq,ibq n doha....
Most of the non islamic banks say 3.99%. These banks have hidden charges. Islaic loan system is different. Its without interest and they will take profit for the investment.
average is around 6% p.a. dohabank is 4.9%. some banks may offer promos during ramadan.
Have you try to ring the bank yourself and ask?