Commercial Bank has announced a range of special rates on loans from now until December 31 to help customers pay for school fees, purchase gifts for the New Year and take advantage of vehicle dealership offers.
“The campaign includes exceptional rates on personal loans and vehicle loans bundled with additional benefits,” the bank said in a press statement.
Qatari customers can enjoy a personal loan starting from 4.35% pa (equivalent to 2.34% flat), while expatriates can enjoy special rates starting from 4.99% pa (equivalent to 2.69% flat).
Vehicle loan rates starting from 1.95% flat (3.62% pa variable) for Qatari customers and 2.15% flat (3.99% pa variable) for expatriate customers on new or pre-owned cars are available until December 31. Vehicle loans come with added benefits that include a gift voucher worth QR1,000 from Titanium, year-long comprehensive motor insurance from Massoun Insurance Services (the bancassurance channel of Qatar Insurance Company) at rates as low as 2.25% with QR500 deductible; and the ability to pay for the additional costs associated with buying a vehicle using a Commercial Bank credit card at 0.00% for up to 24 months.
“Commercial Bank continues to put customers first by providing fast approvals with competitive, affordable rates on personal and vehicle loans. Commercial Bank recognises this important time when people begin to plan for the New Year, and the campaign comes at an opportune moment to assist those who wish to finance their personal needs or purchase a car,” the statement added.