Posted on November 18, 2014

International Bank of Qatar (ibq) is launching the first Furniture Loan product in Qatar to both existing and new ibq customers, with the most accommodating terms that include 0% interest rate, 0% fees and zero down payment. The new ibq furniture loan has been launched and is targeting everyone in Qatar who is looking to furnish their home.  Customers will be able use their ibq Furniture Loan to shop at some of Qatar’s most interior design conscious stores.

This product caters to the varying tastes of Qatari nationals and expatriates including those who are moving to new houses, in addition to facilitating payment for newcomers who have just arrived in the country. The partnering furniture stores were carefully selected to ensure that all household furnishing needs are fulfilled. ibq customers can easily select a living room from one store, a bedroom from another, and accessories from a third, all of which will fall under the same payment terms. Customers will have the choice of picking items to match their taste.

Qatar Airways NY

The high end participating furniture shops that ibq has partnered with for the new Furniture Loan are Home Centre, NABCO, BoConcept, The One, The One Junior, Roche Bobois, Natuzzi, Tivoli, American Home Furniture and Singways. Given the variety of choices, the bank has made it very simple to obtain the loan, with flexible payment terms of up to two years and the possibility of buying furniture and accessories from any or all of the stores at the same time.

Andrew Ball, Head of Retail Banking, said: “At ibq we recognize that buying new furniture is a big ticket item to all those setting up home or moving home, and even to those who don’t want to move but want to give their homes a fresh new look.  Our new Furniture Loan underlines ibq’s innovative approach to making banking simple and accessible to all, with no hidden charges and no exclusivity, and at the same time, the bank’s unstinting support for its customers anticipating their every need.”