| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
QIB Auto Finance for Expatriates
|
Minimum Salary: QAR 5,000 | Salary Transfer: Yes | Early Settlement Fees: - | Maximum Term: 4 Years | Flat Rate: 3.2% | Reducing Rate: 6.0% |
With QIB Auto Finance, choose your car and let us provide you with the right tool to own it. Our exclusive offer will ensure that you will get the best car price at the best rate along with the best car Takaful to protect your car.
Now you can get the most unbeatable car finance from QIB.
QIB Car Finance for Expatriates Features:
-Salary certificate -Residency permit and passport for expats -Offer letter (Quotation) from the car showroom addressed to QIB
Representative example:
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.
Now you can get the most unbeatable car finance from QIB.
QIB Car Finance for Expatriates Features:
- Financing all cars, whether new or used
- Ability to trade your old car for a new one
- Fully Shari'a-compliant finance packages
- Competitive profit rate
- No administration charge
- No guarantor required
- Quick approval from the first visit
- Fixed monthly installments with transparent service
- Comprehensive car Takaful (insurance
- Direct sales team to serve you around the clock
- Finance services for other products, such as window tinting, full insurance and warranty.
- Maximum Finance Amount (Including profit rate) - QR 400,000
- 20% Down payment
- Minimum Salary - QR 5,000
- Maximum Monthly Installment per month - 50% of the total Salary
- Age between 21 - 60 years
- Employment Status Confirmed
-Salary certificate -Residency permit and passport for expats -Offer letter (Quotation) from the car showroom addressed to QIB
Representative example:
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.
Representative Example Calculator
