Does QIB guarantee a free interest loan?
By ryanengineer@ya... •
Because I tried this one http://www.qib.com.qa/en/useful-tools/monthlyfinancecalculator.aspx
^^ It is a financial/loan calculator. For trial, I input a finance amount of 1000 then it'll be a year to pay it so monthly installment for 12 months. Surprisingly, the monthly fee is not what I expected from because just using a simple calculator, 1000 rials divided by 12 months( which is 1 year ) resulted to 83.33 rials per month. But in that website, it shows that the monthly fee is around 85.83 so that's an additional of 2.5 rials.
Hope someone can explain better.....
Cheers!!
What is takaful insurance?
Moltem metal. Where I can get a cash loan in just need 4000 riyals.please help me.so that I can transfer to another hotel.4k I use for my employment purpose. For NOC..please this is my number . 77836828.
Today is Sunday ........... you see what I told you on Thursday came true on Sunday ..........
Ryan , That fellow is active today .........
http://www.qatarliving.com/forum/qatar-living-lounge/posts/landing-wakra
Ryan, you mark my words ..................................................
ROFL ............ sales team not to serve you around the clock but to sleep from Thursday night to Sunday morning ............... ha ha ha .....
But public do understand the difference between a lie & an excuse ...............
But why should one worry , an expert in excuses can never be defeated ............. .........
When he sleeps, he sleeps for two days ............ till Sunday morning ...... ha ha ...
JokerQL, C How about using their credit card? Like buying through online stores or monthly install plans for highly price tech items? Will they charge me like exceeding the time frame of credit ?
Molten, Your answer crack me up
JokerQL, Thanks Man!
If somebody falls in the night !
Direct sales team to serve you around the clock is an interesting feature .... you wake up at 0155 am , you decide to do a deal , you call the sales team , they come in a van with smart team & smarter team learder & you welcome them in your night suit .... !!
Below are the features of QIB Loan and there you can see "Profit Rate"
_____________
- Shari'a-compliant
- Competitive profit rate
- Three months grace period
- No administration charge
- No guarantor required
- Quick approval from the first visit
- Fixed monthly installments with fully-transparent service
- Takaful insurance covers the finance
- Ability to buy-out liabilities from other banks
- Direct sales team to serve you around the clock
Islamic banks here does offer a interest free loan but that doesn't mean they don't charge you anything and simply give you a loan. For Islamic banks, they have something called "Profit rate" which will be added along with loan amount + Management fee (If there is any ) + Insurance fee (If there is any) etc. End of the day you will be paying some percentage additional but they don't call it as "Interest"
Molten, There nothing free in the world. you expect bank would give you their money for nothing ? lol.
Ryan, 2.5 Riyals for the a/c bill and chairs, floor tiles , changing the fused lightings , giving you free car parking , keep the bank open & staff on duty for you even if you go inside or not ..............