Doha, 13 December 2010 - Qatar National Bank (QNB) launched its latest offer rewarding customers availing vehicle or personal finance with 10% cashback on their loan’s total interest. Cashback is credited within 2 days after loan disbursement.
With the cashback benefit, QNB is practically offering one of the lowest total interest payable in the market. The offer gives the customer the flexibility to use the extra cash however and whenever the customer wants.
To be eligible for promotion, customers must have salary account or must open a new one at QNB. They must apply for vehicle or personal loan during promotion period which runs until 31st December 2010. Offer also applies to loans transferred from other banks to QNB.
Customers already having personal loan who require additional financing will also receive 10% cashback on the total interest of additional financed amount.
QNB has launched this new campaign to reward loyal customers and welcome new ones. The promotion is one of QNB’s latest initiatives to strengthen proposition of its loan products. Recently, QNB has also accelerated processing time of its vehicle loans made possible through the launch of its Vehicle Finance Centre located on Salwa Road. Most of QNB’s vehicle loans are already processed within 24 hours.
QNB offers up to 100% financing for vehicles with interest (flat) rate as low as 3.99%, processing fees as low as 0.5% of the finance amount and flexible repayment options of up to 84 months. Personal loans are also available up to QR 2.5M at similar competitive interest rates and fees.