Drive towards a Sustainable Future with Doha Bank Green Car Loan

Special car loans for electric or hybrid cars reward customers for making environmentally-friendly choices with an array of attractive benefits.

Doha Bank wants to reward you for making an environmentally-friendly choice on your next vehicle purchase. If a vehicle is a Hybrid or Electric car, it will qualify for our green car loan.

To help transform our nation into a green, low-carbon economy in support of the sustainability agenda of Qatar Vision 2030; we are pleased to present special pricing offers on selected electric and hybrid cars as part of our Go Green initiative.

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Key Features

  • Applicable for Electric and Hybrid cars only.
  • Interest rate starting at 2.49% p.a. flat (Reducing rate of 4.65% p.a.).
  • Free comprehensive car insurance for 1st year.
  • Free 24/7 Road Side Assistance from Sharq Insurance.
  • One-hour LOAN processing and Loan Purchase Order issuance.
  • Pre-approved credit card for New to Bank customers with free DOHA MILES.
  • Pre-approved instant personal loan.
  • Car Loan available for brand new and pre-owned cars.
  • 100% finance for Qatari customers and up to 80% for Expats.

Eligibility Criteria

  • Salary transfer to Doha Bank.
  • Monthly salary of QR 5000.

Terms and conditions

  • Applicable for Electric and Hybrid cars only.
  • The minimum loan amount is QR 75,000 and the loan amount must be at least 80% of the value of the car to obtain a comprehensive insurance policy for free.
  • The minimum loan term is 48 months.
  • If the loan is repaid two years ago, the cost of insurance will be recovered at 2.5% of the value of the car and deducted from the customer’s account.
  • Comprehensive car insurance for one year only.
  • This promotion excludes commercial vehicles / taxis / rental cars.

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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.