Banks & Interest Rates

sa_japie
By sa_japie

Could somebody please list the banks in Qatar - apart from QNB & HSBC - that are worth using, especially for ex-pats?

What interest is generally paid on credit balances by banks?

What interest would be charged for a vehicle loan?

By Commercial Bank• 8 Apr 2014 10:04
Rating: 5/5
Commercial Bank

Hello this is Commercial Bank :),

We have a great service for newly-arrived expats - we can set your bank accounts up before you arrive in Doha. visit http://www.cbq.qa/EN/Personal/Tailored-Packages/Pages/New-to-Qatar.aspx. Apart from 24 hour customer service, our credit cards offer amazing rewards such as free access to worldwide airport lounges and a frequent flyer rewards scheme redeemable on any airline, compare credit cards here http://www.cbq.qa/en/personal/cards/credit-cards/pages/compare-credit-ca..., and our vehicle loan rates are as low as 0% over 3 years. visit http://www.cbq.qa/EN/Personal/Loans/Pages/Vehicle-Loan.aspx

By Qatarman• 24 Sep 2006 20:53
Rating: 4/5
Qatarman

CBQ is one of the best banks and I have been dealing with them since last couple of years and they have never let me down.I deal mainly with the airport branch as they are located opposite to my office on the C Ring road.One of the ladies there,(Oneza Tel 4313823), is pretty well versed with the processes of the bank and manages to get things done quite efficiently.

I hope my comment helps you in making the right choice!

Cheers!

By Rashid• 23 Sep 2006 12:20
Rashid

check out doha bank

http://www.dohabank.com.qa/engSite/Emain.asp

or ahli bank

http://www.ahliunited.com/bh_aub_qscbank.html

By e46M3• 18 Sep 2006 23:04
e46M3

Yes, avoid HSBC.

By novita77• 18 Sep 2006 22:47
Rating: 4/5
novita77

our experiences with HSBC in Indonesia and Malaysia weren't very good either.

However, my brother in law using HSBC Doha for over 5 yrs now. He works off shore, and he transferred his wages monthly to the UK via HSBC and never have any problems.

By sandhills• 18 Sep 2006 22:40
Rating: 3/5
sandhills

i would NOT recommend HSBC. they are extremely expensive (very high transaction charges

and very high fee structures), and their customer service has to be the worst i have ever

experienced with a bank. I was living in Brussels, and it took them over two

months to post a web-banking pin to me, which never did work.

In the end, i closed my account with them.

i would check out local banks, see what the restrictions are on moving funds

across borders (and fees), see if they'll let you hold multi-currency accounts if you

need them, see if they offer services in your preferred language (doing your banking

in a language you don't understand is a bugger).

also check out what they charge for day-to-day banking. For example, do they charge

you for atm withdrawals, for atm withdrawals from other banks, for over-the-counter

transactions, etc etc.

just stay away from HSBC!

By Gus• 18 Sep 2006 20:14
Rating: 5/5
Gus

I also recommend Commercial bank.

Its online service is superb it saves you from going to the branch. refer to this thread http://www.qatarliving.com/discussion/banking-in-qatar-09jun2006 customer service in CBQ is "relatively" better than other banks. Interest rate varies by bank and by service (vehicle loan, personal loan..etc).

Interest on Vehicle loans starts from 4% to 4.5% max.

By e46M3• 18 Sep 2006 13:47
Rating: 5/5
e46M3

Commercial Bank

http://www.cbq.com.qa/

Interest is paid. Vehicle loan interest rates vary by bank, special offers.

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