Get Free Comprehensive Car Insurance and Up to QR 5000 Cashback on Your Car Loan Bundle
Own your dream car today and enjoy free comprehensive car insurance and a cashback of up to QR 5000 with Doha Bank’s Car Loan Bundle offer!
Doha Bank continues to reward you with attractive benefits and provide best in class financial products. Doha Bank’s new Car Loan bundle is one such initiative to reward you with multiple benefits that suits your financial needs. So whether you have been with us for some time or just started working and banking in Qatar, all you need is to transfer your salary to Doha Bank and we will provide you an excellent car loan offer to own that car you’ve been waiting for.
- Interest rate starting at 2.49% p.a. flat (4.65% reducing rate).
- Free comprehensive car insurance for the 1st year*.
- Up to QR 5000 cashback with METLIFE’s Future Protect Policy*.
- Complimentary road side assistance with SEIB insurance.
- One-hour loan processing and LPO issuance.
- Car Loan available for brand new and pre-owned cars.
|Maximum Loan Amount
|Max and Min Repayment
*Terms and Conditions apply.
||Car Value (QR)
||Loan Amount (QR)
||Approximate Monthly Installment
Above calculations are indicative and subject to change as per the Bank’s policy.
- Salary transfer to Doha Bank.
- Minimum salary of QR 5000.
- Original QID.
- Original valid passport (Expats).
- Vehicle quotation from an approved car dealer.
- Salary Certificate.
- Trade License and Commercial Registration documents (for self-employed customers / non approved companies).
Terms and Conditions
FREE COMPREHENSIVE CAR INSURANCE:
- Loan value should be more than or equal to 80% of the car value.
- Minimum loan amount is QR 75,000/-.
- Minimum loan tenor should be 4 years.
- Offer available for all new vehicles and pre-owned cars (Private Vehicles) up to 3 years old.
- If the customer settles the loan or transfer to other bank before 2 years, the cost of car insurance should be paid by the customer at the time of closure at a rate of 2.5% of the car value.
- Cashback is applicable only for loans with minimum net loan amount of QR 50,000 and only if the customer signs up for MetLife Future Protect premium policy.
- Customer should purchase an insurance premium within 30 days after loan is disbursed to avail the promotion and cashback will be given within 60 days after policy has been issued.
- Customer shall pay back the cashback amount in case the loan is settled / transferred to another bank or cancelled the insurance policy before 2 years or in case the insurance policy is not continuously paid for 2 years.
- Cashback will be given as per below table.
- Minimum period is 10 years.
|USD 165 – Above
|USD 225 – Above
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.