The Commercial Bank: first bank in Qatar to introduce live link with Credit Bureau Office, offering Loans and Cards in record time

Doha, Qatar: The Commercial Bank, Qatar’s first private bank, has revolutionised the speed at which it can process Loans and Credit Cards through innovative and automated decision tools both within the Bank itself and with the Credit Bureau Office.

 

All Commercial Bank customers will now enjoy the fastest approval times for Personal Loans, Vehicle Loans and Credit Cards in Qatar and an enhanced banking experience. The new service means the Bank’s customers’ applications can be approved and processed within minutes.

 

Commercial Bank CEO Abdulla Saleh Al Raisi said: “Commercial Bank is proud to be a pioneer and to continue to be leading the way in digital and product innovation in Qatar, which ultimately means our customers can benefit from immediate approvals and disbursement of loans to provide them with what they need in the shortest possible time. We recognise time is precious for our customers and place them at the forefront of our services to give them exceptional benefits and banking experiences.”

 

Dean Proctor, EGM Chief Consumer & Private Banking, said: “Commercial Bank is continually innovating in the digital space and the launch of these significant improvements to service our customers faster than ever before comes at an opportune time as we continue to offer highly competitive loans at exceptional rates through our summer campaign.”

 

This latest digital innovation supports Commercial Bank’s exceptional summer loan campaign which is running until the end of July. The special summer campaign rates include Personal Loans as low as 3.99% reducing interest rate (equivalent to 2.15% flat interest rate), Vehicle Loans as low as 1.99% flat interest rate (equivalent to 3.69% reducing interest rate) and Mortgage Loans with repayment rates starting from just 3.99% reducing interest rate (equivalent to 2.15% flat interest rate).