International Bank of Qatar (ibq) has launched a new personal loan promotion for Ramadan, which offers a 15% cashback of the total first year interest payment.
The promotion also gives customers an optional grace period of three months and is available to both existing and new ibq customers.
The promotion is valid for customers taking loans with a minimum term of 36 months and a minimum amount of QR200,000, the bank said in a statement.
In addition to the cashback, customers will also receive “thanq” points for the loans taken.“thanq” is ibq’s awards winning programme that offers its customers the chance to redeem their points at over 800 airlines, 160,000 hotels, car rental services worldwide, and for Nojoom points from Ooredoo.
Hassan al-Mulla, head of Retail Banking at ibq, said: “Starting today, customers can choose to celebrate the Ramadan season by enjoying some of the most rewarding cashback promotions of the year. With ibq personal loans, customers benefit from both a generous cashback amount and thanq rewards points.
“Ramadan is a season of giving and sharing. We are excited to commence this Ramadan season with a series of new offers in the coming weeks. We hope customers will make the most of the promotions,” he added.
Terms and conditions apply.
Customers can apply by visiting any ibq branch or www.ibq.com.qa