Your Car Loan Calculator explained

One of Doha Bank’s newest financial tools is ready not only to help you find out how much you can borrow but also to help you build a car loan that is specific to your particular needs, eligibility and affordability.

How will our car payment calculator tool help you?

It will help you quickly discover:

• The maximum you can borrow from us depending on your residency status, salary and existing loan or credit card commitments.
• A prediction of your exact monthly loan payments depending on the amount you wish to borrow and the term or the tenure of your car loan. It will do the same job as an *EMI calculator for your vehicle finance. Note: EMI = Equated Monthly Instalments
• Doha Bank’s lowest interest rate for your car loan. After you have entered your figures, the next vehicle loan calculator page will show you both flat rates of interest and the equivalent reducing rate of interest for added transparency and comparability.
• How to change the car loan calculation to suit your intended vehicle purchase. On the next page you can amend the loan amount, add a higher down payment if you wish and reduce the term of your car loan to pay it down faster. The monthly loan instalment automatically adjusts whenever you add in a new figure

Your car loan calculation can be infinitely variable as you tailor the numbers around your preferences. Here’s an example of what the next page could look like:

We finance brand new cars and pre-owned (used) cars

A car loan can be set up for you on the following basis:

• Your new car finance can be repaid over 6 years or less for Qataris and 4 years or less for expatriates.
• Used or pre-owned vehicles can be financed over the following periods (tenure):
  1. a loan term of up to 4 years for cars less than 2 years old or…
  2. a loan term of up to 3 years for vehicles aged between 2 to 4 years.

   

• Your age is also a factor when we consider granting a Doha Bank auto loan. So long as you fall between these age bands, we can consider your application (subject to status and other lending criteria):
  1. Qatari nationals: 18 – 65 years
  2. Expatriates: 21 – 60 years

Additional Benefits of a Doha Bank car loan

• These complimentary additional services are provided to all approved car finance borrowers
  1. Free 24-hour Roadside Assistance service for 1 year,
  2. A pre-approved Credit Card,
  3. A pre-approved Instant Personal Loan for any additional purchase expenses.

Use the auto loan calculator opposite now. It relates to any cars you wish to purchase in Qatar. Then apply online and we’ll call you right away so we can get you motoring.