Qatar National Bank Group (QNB) the financial institution in the State of Qatar and the MENA region, announced two new loan offers.
These two promotions will be launched on the 1st of July.
Customers taking out a vehicle loan will be rewarded with 0% interest for up to the first 12 months. They get to enjoy 0% interest for first 6 months for a 4-year loan. 0% goes as long as 10 months to 1 year for 6-year loans. Interest rate on subsequent months starts from 2.7% flat interest rate. In addition, customers can avail of discounted comprehensive insurance up to 3 years at 2.83% per year. This is just another way in which QNB continues to ensure that it is the bank of choice for its customers.
For Personal Loan, QNB pays for customers' installments up to 3 months for 6 year-loans. Customers get 1 installment free for 4-year loans and 2 installments free for 6-year loans. This free installment will be credited upfront to customer's salary account on same day loan is booked. Customers also benefit from Credit protection up to QR1.5m. Customers simply need to apply for a new personal loan or transfer their existing personal loan to QNB. This promotion is also available to customers who wish to top-up their existing personal loan as QNB's way of rewarding their existing loyal customers.
Both the Vehicle Loan Promotion as well as the Personal Loan come into effect at the perfect time of the year. With the busy summer travel season ahead, QNB customers are always looking for ways to provide the best financial solutions.
Qatar National Bank (QNB), established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB Group has steadily grown to be among the largest banks in the Middle East and North Africa Region and is by far the leading financial institution in the country with a market share exceeding 45% of banking sector assets.
QNB Group has witnessed rapid international expansion in the past few years and operates in 24 countries around the world through its network, subsidiaries and associate companies employing about 7,000 staff from 334 branch and offices that are supported by an ATM network that exceeds 600 machines.
The Group has also extended its regional reach by acquiring stakes in various financial institutions including 35% stake in the Jordan-based, The Housing Bank for Trade and Finance (HBTF), 24% in Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian-Qatari Bank, 51% in the Iraqi-based Mansour Bank, 49% in the Libyan Bank of Commerce and Development and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009 and operates today more than 15 branches in the Syrian Republic.
QNB Capital, a subsidiary of QNB Group, was established in 2008 providing an array of investment banking services to corporate, government and institutional clients within Qatar and globally. These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services - including mergers and acquisitions, equity, debt and project advisory, as well as first-class research capabilities.
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