Car Financing
By MR CONFUSED •
Anyone knows a bank or financing company that can extend me car loan?
I'm having a monthly salary of QR12,500. My salary is being deposited monthly to HSBC and have a personal loan there with monthly payment of QR5,166. I did'nt get a car loan before because my company already provided me one. But now the car have been taken back and instead give me car allowance (that's why salary now is 12,500). But since banks (including HSBC) have become strict now since global crisis surfaced, HSBC do not allow any loan anymore for those with monthly salary of below 20,000 riyal.
Thanks in advance.
Noms has a gd point there.
However, it is difficult to move around town without your own transport. Hence, it is wise to confine to a car that suits your budget and requirement.
Hopefully when your remuneration package / disposal income improves, you may wish to upgrade.
QIB and IBQ looks to be a better bet.
NOMS, but I cannot tranfer to other bank unless I have fully paid my personal load with HSBC
In fact Im just planning to get a low cost car. Or even a good used car if possible. You know how to live in doha without a car. Like a hell.
In fact Im just planning to get a low cost car. Or even a good used car if possible. You know how to live in doha without a car. Like a hell.
First of all, you have an account with the worst bank in Qatar,,HSBC is just good to showoff your card and account to people. I've been holding Status account with HSBC, still had problems each & everytime. They just look for a way, how they can rip you !!
Open up an account with some Islamic Bank or other budget banks, atleast you would be safe with this salary you earn.
now as you wanna go for a car loan, try QIB..i believe they start with 10,000 QRs.
I suggest, look for some second hand cheap car for time being until you save & earn enough to buy a good second hand car with Cash instead of falling under a big trouble with banks.
anyways, best of luck.
I'm a good payer baldrick2dogs. In fact this personal loan is already my second. I never had a default payment for even once
You should relly think about paying off your existing loan before getting deeper into debt.
Yeah I think IBQ will help.
Go to MASHREQ BANK & INT'L BANK OF QATAR