Posted on May 28, 2016

With Ramadan fast approaching, Commercial Bank continues to offer special deals on Personal and Vehicle Loans, with rates as low as 1.99% and additional discounts on travel and car-related products.

Demand for loans typically increases in the buildup to Ramadan and Eid, and Commercial Bank’s offer on Personal Loans is designed to meet the financial needs for customers which may include preparations for Ramadan or the holiday season, annual vacations or covering school fees. Available now until 30 July, Commercial Bank customers can enjoy Personal Loan rates from as low as 4.35% p.a. (equivalent to 2.35% flat) for Qataris and 4.85% p.a. (2.62% flat) for expatriates. Providing customers even greater value, all Personal Loans come with the added benefit of a 10% discount on any holiday package booking made via dnata travel.

Ramadan is also the perfect time to purchase a new car with Commercial Bank’s competitively low rates and same day approvals. Until 30 July, Vehicle Loans start from as low as 1.99% flat (3.69% p.a.) for Sadara customers and 2.10% flat (3.89% p.a.) for non-Sadara customers. The first 250 customers applying for a Vehicle Loan below QAR 100,000 will also receive a WOQOD petrol voucher worth QAR 500 and all Vehicle Loans of QAR 100,000 or more receives a complimentary window tinting voucher worth QAR 1,500 from Zeibart.

Additional benefits with Commercial Bank’s Vehicle Loans this summer include a yearlong, all-inclusive motor insurance rate for as low as 2.40% from Massoun Insurance Services, the bancassurance channel of Qatar Insurance Company, and customers are able to pay for the additional costs associated with buying a vehicle using a Commercial Bank Credit Card at 0.00% p.a. for up to 24 months. On top of low rates, discounts and complimentary vouchers, Commercial Bank customers also benefit from same day approvals to ensure they get their money fast, and dedicated banking support 24 hours a day.

Mr. Dean Proctor, Commercial Bank EGM, Chief Consumer & Private Banking said: “Commercial Bank understands that many of our customers have increased demands on their finances during Ramadan and Eid, and our competitively priced Personal Loans and Vehicle Loans can help customers cover the costs of Ramadan, summer holidays, or the purchase of their dream car. We continue to put our customers first, and both our Personal Loans and Vehicle Loans come with tailor-made added benefits that help our customers meet their commitments during Ramadan and this holiday season.”