Doha: International Bank of Qatar (ibq) offers customers who move their loans to ibq 1 percent cash back and a reduction of their current interest rate by up to 1 percent, with rates reaching as low as 4.05 percent for qualifying customers.
Andrew Ball, AGM and Head of Retail, said: “Our cash back offer with interest rate reduction on existing loans is an example of ibq’s commitment to provide flexible financing solutions to customers. The opportunity to move loans to ibq also allows customers to top up loans and get an additional amount. The tenor of the loan is more flexible as it is extended up to six years for Qataris and up to four for expatriates.”
ibq offers reward points from its thanq loyalty programme which enables customers to accumulate points across products and services and redeem to book travel on over 800 airlines and stays at 160,000 hotels worldwide.
Customers of other banks can begin moving loans by visiting any of ibq’s branches. New loans require a minimum of QR100,000 and a minimum tenor of three years. The bank’s general terms and conditions apply.
The Peninsula
