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Business / Qatar Business

Commercial Bank unveils new vehicle loan campaign

Published: 28 Jan 2016 - 02:09 am | Last Updated: 05 Nov 2021 - 05:07 pm
Peninsula

Officials at the launch of Vehicle Loan Campaign.

DOHA: Commercial Bank, official bank sponsor of Qatar Motor Show 2016, has launched an exceptional Vehicle Loan Campaign to coincide with the Show.
Running from now for six weeks, the campaign is available to both existing Commercial Bank customers and non-customers who obtain a Commercial Bank Vehicle Loan during the campaign period. All can benefit from a special rate of 1.99 percent flat (reduced from 3.69 percent) with an optional grace period of up to 3 months, so customers don’t have to start repaying right away if they choose not to. Further, benefits include a reduction on vehicle insurance rates down to 2.65 percent, a chance to get a QR500 free petrol voucher, and the option of paying the associated costs of owning a car by credit card at 0 percnet for the first 2 years subject to eligibility.
Customers who secure a loan during the campaign period are also eligible to enter a prize draw to win a brand-new Mini Cooper. 
Dean Proctor, Commercial Bank EGM, Chief Consumer & Private Banking said: “Commercial Bank leads the vehicle financing business in Qatar both in terms of quality of service and very competitive offers throughout the year. The bank aims to build on this strong position and increase our Vehicle Loan market share through an innovative six-week campaign in conjunction with our sponsorship of the Qatar Motor Show. Customers can look forward to enhanced Vehicle Loan rates, free gifts and a prize draw ensuring that Commercial Bank continues to be the best and go-to bank in Qatar for vehicle financing needs during this busy time of year.”
He added: “Commercial Bank continues to provide the best-in-market vehicle solutions through strong alliances with dealerships for both new and used cars. Our dedicated Vehicle Finance team is located in our offices next to the Nissan showroom in Salata, on Airport Road and D Ring Road, and for added customer convenience, representatives are available at car showrooms or can visit you at work or home to provide more information on Commercial Bank’s attractive Vehicle Finance offers.”

The Peninsula