New Vehicle Loans
At Commercial Bank, we believe in turning dreams into reality, especially when it comes to owning your dream car.
Benefits of New Vehicle Loan
Interest Rates
Competitive Interest Rates
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
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.