Enjoy Luxury with Exclusive Interest Rate!
Take advantage of the special offers with Cadillac.
- Interest 3.70% reducing rate (1.99% flat rate).
- 1st year Free car registration.
- 5 years extended unlimited mileage warranty.
| Eligibility | Qataris | Expats |
|---|---|---|
| Maximum Financing | 100% | 80% |
| Maximum Loan Amount | QR 750,000 | QR 350,000 |
| Repayment Period | 72 months | 48 months |
*Terms and Conditions apply.
Sample Computation
| Nationality | Car Value (QR) | Down Payment | Loan Amount (QR) | Tenor (Months) | Approximate Monthly Installment(QR) |
|---|---|---|---|---|---|
| Qataris | 299,000 | 0% | 299,000 | 72 | 4866 |
| Expats | 299,000 | 20% | 239,200 | 48 | 5545 |
Above calculations are indicative and subject to change as per the Bank’s policy.
Eligibility Criteria
- Salary transfer to Doha Bank.
- Minimum salary of QR 5,000.
Document Requirements
- Original QID.
- Original valid passport (Expats).
- Salary Certificate.
- Vehicle quotation from Mannai Trading Co.
Terms and Conditions
- Customer must be eligible for a Car Loan as per Bank’s policies.
- Offer valid till 28/04/2020.
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.
