Doha, 31 July 2011 - QNB has launched its Ramadan Loans Festival featuring the lowest advertised full term interest rate in the country of 2.63% flat on vehicle loans, and 5.55% on personal loans. Unlike other advertised seemingly low rates, these rates are not for first year only; they apply to the full tenure of the loan, which means there are no unpleasant surprises later for the customer. The festival will last from July 28, 2011 through last day of Eid El Fitr.
This offer is available to all eligible customers with QNB salaried accounts, and those who wish to transfer their salaries to QNB in order to take advantage of this and the many other benefits exclusive to QNB customers.
QNB launched this campaign in recognition of the community’s seasonal spending needs of customers and the understanding that customers are looking for the best finance solutions available.
In addition to the lowest rates available in Qatar, QNB is also offering customers participating in the Ramadan Loans Festival the opportunity to win five QNB Prepaid Credit Cards worth QR5,000 each, with the draw taking place on September 6, 2011.
As part of the campaign, and independent of any other promotions, customers may be eligible to take advantage of QNB’s new Down Payment Assistance Program to help them manage the 20% down payment required when purchasing a car.
To enhance this offer, QNB is also offering customers 10% cash back on the total interest payable on all personal loans, and on vehicle loans from select dealers during the campaign period.
As an added bonus, QNB will also provide new car owners through this campaign with free high quality window tinting from an approved supplier, whilst vehicle dealers may also offer extended benefits to customers based on the vehicle purchased. These may range from extended service benefits to travel packages, based on the dealership.