With QNB Sustainable Vehicle loans, you can benefit from a special reduced rate of 5.55% APR equivalent to 2.69% flat rate.
Interest rate is subject to change in accordance with the Qatar Central Bank (QCB) rate.
Requirements
- Salary certificate
- Vehicle quotation from an approved car dealer for electric or hybrid vehicle
- Original ID card
- Original valid passport (for non-Qatari customers)
Benefits
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An annual interest rate of 5.55%, equivalent to 2.96% fixed interest. The interest rate is subject to change according to the conditions of the QCB
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Credit life insurance of 0.34% p.a. is applicable
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No management fees
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Fast approval
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No down payment is required for Qataris for up to 6 years’ repayment period
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20% down payment is required for non-Qataris with up to 4 years repayment period
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No fees on early settlement of the loan
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Financing of electric and hybrid new and pre-owned cars
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Postponement of monthly installments is allowed for Qatari and non-Qatari customers
Terms and conditions apply.