Eligibility
-
Salary certificate
-
Vehicle quotation from an approved car dealer
-
Valid QID
-
Original valid passport (expatriates)
Benefits
- Up to 40% lower monthly payments compared to conventional loan or rental.
- Drive car of choice without long term commitment and expense of ownership.
- Ability to upgrade cars without burden of large down payment.
- No need to worry about selling or settling an outstanding loan.
- Predictable vehicle operating cost (First year registration and insurance may be included in monthly payments).
- Ideal for customers employed under fixed term contracts.
- Comprehensive Insurance with agency repair during lease period.
- 100% financing (no down payment).
- Return the car to the dealer.
- Return the car and upgrade to a better model.
- Buy / Finance the car at end of lease.
- Take a vehicle loan if you want to keep the car for more than 4 years.
Interest Rate
Customer Segment |
Total Interest Rate Including |
|
APR |
FLAT |
|
---|---|---|
Retail |
6.75% |
3.65% |
Retail Plus |
6.60% |
3.56% |
QNB First |
6.55% |
3.53% |
QNB First Plus |
6.53% |
3.52% |