| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Mashreq Car Loan for Expatriates
|
Minimum Salary: QAR 5,000 | Salary Transfer: Yes | Early Settlement Fees: - | Maximum Term: 4 Years | Flat Rate: 3.18% | Reducing Rate: 5.72% |
Loans for new and pre-owned vehicles at highly competitive rates
Cruise to a wealth of benefits with the car loans from Mashreq.
Beyond tailored financing solutions, you enjoy a complimentary (AAA) Gold membership worth QAR 500 per annum. With 24 x 7 roadside assistance, lockout service, petrol delivery, free annual registration and more, driving has never been this pleasurable.
Mashreq Car Loan Features:
If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
Cruise to a wealth of benefits with the car loans from Mashreq.
Beyond tailored financing solutions, you enjoy a complimentary (AAA) Gold membership worth QAR 500 per annum. With 24 x 7 roadside assistance, lockout service, petrol delivery, free annual registration and more, driving has never been this pleasurable.
Mashreq Car Loan Features:
- Up to 80% funding for salaried and up to 100% funding for self employed individuals
- Platinum credit card together with free AAA membership for road side assistance
- Loans up to QAR 397,500 for salaried & QAR 450,000 for self employed individuals
- Repayment periods up to 48 months
- No guarantor required
If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
