2 weeks ago I received a car loan with Commercial bank, and it was the strangest process I have ever gone through to get a loan.
For one thing I personally never dealt with the money.
Even though I was buying the vehicle from a private seller, the bank paid the money to a Qatari car dealer down salwa road. Apparently the bank paid the amount for the car directly to this Qatari car dealer, who then paid the money to the private owner. (I'm assuming this has all happened, because I have the car, and have not been phoned by the previous owner with any complaints)
I was required to pay the Qatari car dealer the amount for full-insurance, and a 'fee' of 450 rials for i dont know what (?) It all seemed a little weird to me (is this the norm when buying from private owner??)
Today I checked my online banking and noticed that I have an outstanding bank loan that is QR 3,542 in excess what the loan was for.
What is this extra 3,542 for?
Seriously, it was the strangest process - this Qatari car dealer (that never turned up to his shop when we arranged to meet - i had to go back 4 times)...When I paid him the 'fee' of QR 450 he just popped it in his wallet ... I was like...err, are you going to give me a receipt for that???
The Comm Bank was absolutely useless in explaining this process to me. They actually sent me on a wild goose chase to 3 different banks until I arrived at the one that does the car loans (all you ppl out there looking to get a vehicle loan thru commercial, if you go to Landmark they will tell you to go to Al Sadd, and Al Sadd will then tell you to go to Salwa Road. So just go straight to Salwa Road and save yourself the time)
I don't mean to complain (too much) but i just thought I'd ask if my experience was the norm.....
Can anyone help with info?
2 weeks ago I received a car loan with Commercial bank, and it was the strangest process I have ever gone through to get a loan.
For one thing I personally never dealt with the money.
Even though I was buying the vehicle from a private seller, the bank paid the money to a Qatari car dealer down salwa road. Apparently the bank paid the amount for the car directly to this Qatari car dealer, who then paid the money to the private owner. (I'm assuming this has all happened, because I have the car, and have not been phoned by the previous owner with any complaints)
I was required to pay the Qatari car dealer the amount for full-insurance, and a 'fee' of 450 rials for i dont know what (?) It all seemed a little weird to me (is this the norm when buying from private owner??)
Today I checked my online banking and noticed that I have an outstanding bank loan that is QR 3,542 in excess what the loan was for.
What is this extra 3,542 for?
Seriously, it was the strangest process - this Qatari car dealer (that never turned up to his shop when we arranged to meet - i had to go back 4 times)...When I paid him the 'fee' of QR 450 he just popped it in his wallet ... I was like...err, are you going to give me a receipt for that???
The Comm Bank was absolutely useless in explaining this process to me. They actually sent me on a wild goose chase to 3 different banks until I arrived at the one that does the car loans (all you ppl out there looking to get a vehicle loan thru commercial, if you go to Landmark they will tell you to go to Al Sadd, and Al Sadd will then tell you to go to Salwa Road. So just go straight to Salwa Road and save yourself the time)
I don't mean to complain (too much) but i just thought I'd ask if my experience was the norm.....
x mp