QIB brings out new ‘Instant Finance Against Deposit’ feature on its app

By Amirtha P S, Desk Reporter
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Qatar Islamic Bank (QIB), the region’s leading digital bank, has launched its new ‘Instant Finance Against Deposit’ feature, a first-of-its-kind in the country, which is available on its award-winning mobile app.

The new feature enables QIB customers who have Fixed or Certificate of Deposits with the bank to avail of instant financing through the app backed by their deposits. With the launch of this feature, QIB has become the first bank in the country to offer end-to-end instant financing against salary or fixed deposit, a continuation of the bank’s extensive digitization efforts.

With a few simple steps, eligible fixed or certificate of deposit customers can log in to their QIB Mobile App, and apply up to 100 percent of the deposit amount for instant finance. Customers can then follow the simple instructions to get the amount credited in their accounts within minutes from the comfort of their home or office.

D Anand
D Anand
GM – Personal Banking Group

“We are happy to introduce this new service on our mobile app, which will provide our customers with even more convenience and much quicker access to financing. QIB is committed to introducing advanced products, services, and solutions that drive innovation in the banking sector. We are keen to continuously elevate the banking experience we offer to our customers.”

The all-new QIB Mobile App features easy-to-use English and Arabic interfaces, secure and smart biometric login, self-registration, smart shortcuts, and a combo navigation panel that enables customers to find all the offered products and services in simple steps and get the help they need quickly within the app for a seamless and intuitive customized experience.

All transactions can now be completed within a few steps and customers can reap the benefits of the advanced and secured data systems to avoid filling or re-entering pre-registered information.

Related: Dubai-based SEDCO rolls out its new Self-service Kiosk for businesses