Get a free comprehensive insurance policy when buying your dream car using Doha Bank’s car loan campaign.
During Ramadan, Doha Bank offers car loan with a free comprehensive insurance policy. You can now take advantage of this great offer and enjoy driving your favorite car!
This offer is available to new and eligible customers from Doha Bank. Whether you have been dealing with the bank for a while or have just started working in Qatar, you will receive the best car loans in Qatar that will enable you to own your car at low cost.
- Interest rate starting at 2.49% p.a. flat (Reducing rate of 4.65% p.a.).
- Free Car Insurance for the first year.
- Free 24/7 Road Side Assistance
- One-hour LOAN processing and Loan Purchase Order issuance.
- Car Loan available for brand new and pre-owned cars.
- 100% finance for Qatari customers and up to 80% for expats.
- Salary transfer to Doha Bank.
- Monthly salary of QR 5000.
Terms and conditions
- The minimum loan amount is QR 75,000 and the loan amount must be at least 80% of the value of the car to obtain a comprehensive insurance policy for free.
- The minimum loan term is 48 months.
- If the loan is repaid two years ago, the cost of insurance will be recovered at 2.5% of the value of the car and deducted from the customer’s account.
- Comprehensive car insurance for one year only.
- This promotion excludes commercial vehicles / taxis / rental cars.
Interest Calculation (APR):
- Commencing from the Loan Date, interest shall accrue on the Loan on a daily basis at the relevant Interest Rate and will be capitalized to the Loan Amount at the end of each month.
- Interest will be calculated as per following formulae.The Daily Balance of the Loan X Total Annual Rate X (1/360)
- Every payment made after the due date will result in additional interest accrual on loan
- Where a Grace Period applies or where the Customer is granted a postponement in respect of an installment , interest on the relevant Loan shall continue to accrue and will be capitalized to the Loan Amount at the end of each relevant month.