QIB launches auto financing offer with additional incentives to purchase electric cars

QIB launches auto financing offer with additional incentives to purchase electric cars

QIB launches auto financing offer with additional incentives to purchase electric cars

April 16 2022 09:02 PM



Qatar Islamic Bank (QIB) has announced the launch of its ‘Auto Finance’ promotion for new and existing customers seeking to purchase a car or an electric car.

The new promotion will offer financing options with special profit rates and benefits during the holy month of Ramadan with additional incentives to encourage customers to purchase Electric cars as part of QIB’s Sustainability strategy.

In line with QIB’s commitment to sustainability and with the growing demand of environmentally friendly choices, QIB has introduced ‘Green Car Financing’ to promote environmental consciousness, clean energy, and non-carbon emissions aligned with the objectives of Qatar National Vision 2030, the National Strategy for the Environment and Climate Change and the United Nations Sustainable Development Goals.

The special Auto Finance promotion will offer customers exclusive benefits including competitive profit rates starting from 3.65% (1.91% flat) on cars, and 3% on electric cars.

Moreover, customers applying for Auto Finance will receive a free credit card for the first year, in addition to a comprehensive insurance rate at 1.8%, as well as a three months’ grace period from the finance tenure