Doha: This summer Doha Bank is offering customers customised personal loans at the most competitive interest rates.
Available to all salary transfer customers, the scheme offers higher eligibility and lower EMIs and allows them to personalise loans according to needs and EMI appetite.
The promotion also enables customers to consolidate payments into one plan and benefit from a lower overall installment, and offers perks and benefits for Qataris and expats.
Expats can receive a maximum loan of QR350,000 for tenures up to four years, at flat annual interest rates starting from 2.43 percent. A loan of QR350,000 comes at a monthly installment of QR8,000 for 48 months.
Expats wanting to borrow smaller amounts can choose from denominations of QR200,000 and QR100,000, to be paid back in EMIs of QR4,575 and QR2,285, respectively, over 48 months.
Qataris can take a maximum loan of up to QR1,750,000 at flat annual interest rates of 2.19 percent onwards and repayment periods of up to six years.
For those taking this loan need to pay QR27,500 as monthly installment over 72 months. Qataris can also take loans of QR1,500,000, QR1,000,000 and QR500,000 at EMIs of QR23,575, QR15,715 and QR7,860, respectively, over six years.
Dr R Seetharaman, Group CEO, said, “The promotion is in line with the bank’s efforts to bring unmatched value and benefits to customers by offering them the ability to tailor their loans based on needs and decide the settlement plans.”
Suresh Bajpai, Head, Retail Banking, said: “The scheme allows customers to take loans on short- term basis against their fixed deposits, allowing them to fulfil their financial requirements while earning handsome returns.
“Customers who apply now for a personal loan will get the free for life VISA Platinum credit card and benefit from the most generous loyalty programme, discount schemes and zero percent installment plans. “Also, this summer you will benefit with Doha Bank credit cards from 10 percent cash back at Qatar Duty Free, 5 percent cash back on overseas spending and one of 100 travel vouchers worth QR1,000 each. The voucher will allow cardholders to save QR1,000 on their next Qatar Airways ticket booking.”
Customers can also take advantage of benefits, including fast account opening and loan approvals, flexible loan entitlements, and installment deferment facilities that allow for postponement of up to two loan installments every year. The bank also offers Qatar’s only personal loan EMI calculator that allows customers to calculate their payments, check eligibility and apply online at http://goo.gl/oOLTnx.
The Peninsula
