Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has launched its yearly ‘Ramadan auto finance offer’ on its Auto Marketplace, offering attractive rates and unmatched benefits to its customers.
As car dealerships launch special promotions during Ramadan, QIB is providing its customers with an enhanced experience through tailored financing solutions for both regular and electric vehicles.
The exciting offer, set to run until March 31, 2025, allows eligible customers to access competitive profit rates from QIB’s partner auto dealers exclusively through the QIB Auto Marketplace. The promotion features reduced rates starting from 4.99 percent for regular cars and 4.89 percent for electric vehicles, with flat rates as low as 2.63 percent and 2.58 percent, respectively.
Dorai Anand General Manager, Personal Banking Group – QIB
“Ramadan is a time of reflection and generosity, and for many, it is also an opportunity to make plans, such as purchasing a new car. At QIB, we understand the importance of these moments and we are committed to achieving a positive social and environmental impact throughout the year and especially during the month of giving. We are pleased to launch our exclusive Auto Finance offer on QIB Auto Marketplace and to introduce an even lower profit rate offer for the electric cars as part of our continuous efforts to integrate sustainability and encourage eco-friendly practices.”
Additionally, customers who avail QIB Auto Finance during Ramadan can enjoy an array of exclusive benefits, including a grace period of up to six months for Qatari customers and three months for expats, a free Revolve Credit Card for the first year, a complimentary MyBook subscription through QIB Mobile App, and competitive comprehensive Takaful rates at 1.7 percent.
QIB’s Auto Marketplace remains committed to offering a unique and convenient way for customers to browse, select, and finance their vehicles from some of the most renowned dealerships in Qatar. By harnessing the bank’s cutting-edge digital banking ecosystem, customers can enjoy a seamless, paperless financing journey, reinforcing QIB’s dedication to elevating the customer experience through digital innovation.
