Apply Car Loan in Qatar – QIB Car Financing Requirements & Process

Why to apply QIB Car Financing

“QIB” Qatar Islamic Bank is the first bank operating in Qatar with Islamic banking principles. QIB is largest bank having 12% of domestic & 42% of Islamic banking market share. Like others, Qattar Islamic bank also offer car financing service to consumer under Islamic Laws.

qib loan

What makes it different?

  • QIB best auto financing comes with market capturing differences to provide best car at best possible rates along with exclusive offers from selected dealers.
  • QIB offers attractive Car Takaful Rates & comparable prices
  • Bank also offers 06 month grace period to Qatari & Expats
  • No annual charges on QIB Credit card for first year

QIB don’t only offers new car financing but also used car financing. You can also discuss them to refinance car.

The best part is, you can exchange your old car with new one and pay the difference

  • Zero Bank charges
  • Finding a guarantor is no issue now
  • Instant approval, possibly at first visit
  • Monthly installments are also same
  • Devoted sales team to serve 24/7

How to apply for QIB Car financing

  • If you are Qatari National
  • You must be aged between 18-65
  • You must be employed
  • Zero Down payments
  • Financing upto 2 Million Qatari Riyals

If you are Resident in Qatar

  • You must be aged between 21-65
  • You need to pay 20% down payment
  • You are allowed maximum 400,000 Qatari Riyal financing
  • You must be employed

Required Documents

  • You only need the following documents
  • Offer letter from car seller (showroom) to Qatar Islamic Bank
  • Valid Card
  • ID for nationals
  • Residency approval letter & passport for non-nationals

How to apply for Car Financing by Qatar Islamic Bank

You need to fill the online bank form at website to apply online.  You can also apply on phone 44448444 or by visiting branch.

How to fill form

Application form contains the following required information to be filled by applicant for further proceeding.

  • Enter your name (First and Last)
  • Select Gender
  • You 11 digits QID No. (Qatari Identity Card)
  • Valid & working email address
  • Mobile Number
  • Time you want bank to reach you
  • Monthly Salary
  • Employer Name
  • Fill the captcha and submit.

Reviews about Qatar Islamic Bank Car Financing

  • QIB prefers government & public sector employees more than private sectors
  • This bank has predefined list of companies to allow car financing to the employees. They may demand local Qatari guarantee if your company isn’t in list.

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