A Doha Bank Car Loan: making it easy to own your “Dream Car”
We understand that owning a car is more than just buying a car. We have been helping customers just like you get on the road with auto loans for more than 15 years. We really like granting new and existing customers a car loan as early as their first salary has been credited to their account. So whether you have been with us for some time or if you have only just started working and banking in Qatar, we have an excellent car loan service that will get you behind the wheel at an unbeatably-low financing cost.
Reasons to Smile and Choose Doha Bank to Finance Your Next Vehicle
- Annual flat interest rate starting at 1.75% onwards*.
- One-hour LOAN processing and Loan Purchase Order issuance.
- Car Loan available for brand new and pre-owned cars (less than 4 years old).
- 100% finance for Qatari customers and up to 80% for expats.
- Max. Loan: QR 750,000 for Qataris and QR 350,000 for Expats.
- Flexible repayment options up to 72 months for Qataris and 48 months for Expatriates.
- Free road side assistance with Doha Bank Insurance.
- Dedicated car loan calculator custom built for you.
*Terms and Conditions apply.
- Salary transfer to Doha Bank.
- Original QID.
- Original valid passport (expatriate).
- Vehicle quotation from an approved car dealer.
- Salary Certificate.
- Trade License and Commercial Registration documents (for self-employed customers/non approved companies).
Apply Now for an Auto Loan
Simply fill out our online application form. There’s no charge for this. After you complete our secure online application form, one of our dedicated representatives will contact you to go over the details. We’ll ask to see your valid Qatar ID, Valid Passport, original Salary Transfer letter from your Employer and a car quotation from the car showroom.
If you’re not quite ready to apply now, join Doha Bank’s Facebook page so you are first in line for our car loan offers, promotions and exclusive showroom deals.
Doha Bank is Easier, Faster & Simpler – Choose Us
Working with our customers for over 14 years has helped us to improve our car loan standards on a regular basis. We have done this by providing a credit decision immediately, reaching customers at their preferred locale to run through the paperwork and keeping such documentation to a minimum. Fast approval for us means a decision in one hour or less for you. Tell your car showroom that you prefer a Doha Bank car loan as they’ll probably have one of our application forms handy. Or apply right now by clicking the ‘Apply Now’ button.
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.