Get Free Comprehensive Car Insurance for the First Year with Doha Bank Car Loan

Doha Bank continues to reward you with attractive benefits and provide best in class financial products.

Doha Bank Car Loan offers Free comprehensive car insurance for the first year, competitive interest rate to own that car you’ve been waiting for. Whether you have been with us for some time or just started working and banking in Qatar, all you need is to transfer your salary to Doha Bank to grab the best Car Loan offer.

Apply Now

Product Features

  • Interest rate starting at 1.99% p.a. flat (3.72% reducing rate).
  • Free comprehensive car insurance for the 1st year*.
  • Complimentary roadside assistance with SHARQ Insurance.
  • Agency repair cover for vehicles for first year.
  • One-hour loan processing and LPO issuance.
  • Car Loan available for brand new and pre-owned cars up to 3 years.
  •   Qataris Expats
    Maximum Financing 100% 80%
    Maximum Loan Amount QR 750,000 QR 350,000
    Max and Min Repayment 72 months 48 months

*Terms and Conditions apply.

Sample Computation

Nationality Car Value (QR) Down Payment Loan Amount (QR) Tenor (Months) Approximate Monthly Installment
Qataris 100,000 0% 100,000 72 1472
Expats 100,000 20% 80,000 48 1801

Above calculations are indicative and subject to change as per the Bank’s policy.

Eligibility Criteria

  • Salary transfer to Doha Bank.
  • Minimum salary of QR 5,000.

Document Requirements

  • Original QID.
  • Original valid passport (Expats).
  • Vehicle quotation from an approved car dealer.
  • Salary Certificate.
  • Trade License and Commercial Registration documents (for self-employed customers / non approved companies).

Terms and Conditions

  • Customers will be offered an interest rate of 1.99% flat rate if they will avail the free comprehensive car insurance. Otherwise, customer can take a Car Loan based on the existing rates.

Free Comprehensive Car Insurance:

  • Loan value should be more than or equal to 80% of the car value.
  • Minimum loan should be QR 75,000.
  • Minimum loan tenor should be 4 years.
  • Offer available for new vehicles and pre-owned cars up to 3 years old based on below categories:
    • Private Vehicles.
    • Consisting of Sedan and SUV with registered capacity including driver not exceeding 9 seats.
    • Light commercial vehicles consisting of pick-ups and vans up to 15 seats.
  • If the customer settles the loan or transfer to other bank before 2 years of the loan tenor, the cost of car insurance should be paid by the customer at the time of closure at a rate of 2.5% of the car value (customer undertaking will be obtained).
  • Comprehensive car insurance is for one year only.
  • This promotion excludes commercial vehicles / taxis / rental cars.
  • Offer valid from 05/09/2021 till 31/12/2021.

Apply Now

Interest Calculation (APR):

  • Commencing from the Loan Date, interest shall accrue on the Loan on a daily basis at the relevant Interest Rate and will be capitalized to the Loan Amount at the end of each month.
  • Interest will be calculated as per following formulae. The Daily Balance of the Loan X Total Annual Rate X (1/360)
  • Every payment made after the due date will result in additional interest accrual on loan
  • Where a Grace Period applies or where the Customer is granted a postponement in respect of an installment, interest on the relevant Loan shall continue to accrue and will be capitalized to the Loan Amount at the end of each relevant month.