Posted on February 21, 2011

QNB announced today the start of a reduced 5.55% interest rate applicable to new personal and vehicle loans, with no management fees on the loans.

The campaign is part of the Bank’s strategy to continuously enhance its products and services to offer customers the easiest financial solutions.

To be eligible for the promotion, customers must have a salaried account or must open a new one at QNB whilst applying for a vehicle or personal loan during the promotion period which commences today and will be valid for the next three months. All loans are subject to approval by the Bank.

The 5.55% interest rate is applicable to vehicle and personal finance worth up to a maximum of QR250,000 and offers additional benefits including a QNB credit card with annual fees waived for life, as well as a free bonus of 10,000 Nojoom points for QNB Qtel Nojoom credit card holders.

The promotion is one of QNB’s many initiatives to continue delivering added value to its customers. For example, QNB recently launched a dedicated Vehicle Finance Centre located on Salwa Road aiming to accelerate the processing of vehicle loans, As a result, most of QNB’s vehicle loans are being processed within 24 hours.

Customers wishing to benefit from the reduced interest rate on new vehicle and personal loans can visit any QNB branch or contact the Bank’s Customer Care Centre at 44407777.