Green Vehicle Loan - Electric and Hybrid
At Commercial Bank, we are committed to supporting the Qatar National Environment and Climate Change Strategy by encouraging eco-friendly choices. We are delighted to offer our customers an exclusive opportunity to finance their next hybrid or electric vehicle with our Green Vehicle Loan.
Benefits of CB Green Vehicle Loan
Competitive Interest Rates
Competitive Interest Rates Starting From 5% p.a. Variable (2.7% p.a. Flat)
Grace Period
3-month Grace Period Before Repayments
Flexible Repayment Tenors
Flexible Repayment Tenors up to 72 Months for Qataris and 48 Months for Residents
Quick Approvals
Quick, same-day approvals
Eligibility and Documents required:
Valid Passport (for residents).
Salary certificate or salary assignment letter from your employer (a minimum monthly salary of QAR 4,000 is required to qualify for a vehicle loan).
Vehicle quotation from an approved car dealer.
Post-dated repayment cheques for the loan tenor and borrowed amount (for residents).
*Additional documents may be requested by the bank as needed.