BANK INFORMATION...

hassanQTR
By hassanQTR

HEY I AM WORKING IN QATAR INSURANCE COMPANY AND I AM 3 MONTHS OLD EMPLOYEE UNDER COMPANY SPONSER AND I WANT TO TAKE USED CAR THROUGH BANK YESTERDAY I VISIT IN QIIB QATAR INTERNATIONAL ISLAMIC BANK FOR THE USED CAR LOAN BUT THEY WERE SAYING I NEED A GURANTOR FOR THIS SO I WANT TO KNOW IF ANY BODY HAD EXPERIENCE HERE WITH SOME GOOD BANK WHO ARE GIVING CAR LOAN WITHOUT GURANTOR AND WITHOUT DOWN PAYMENT I WILL TRANSFER MY SALARY IF IT IS POSSIBLE THANK'S

By Defender• 19 Aug 2010 20:14
Rating: 5/5
Defender

Dear Brother,

It is natural that Banks ask for Guarantors to minimize the risk in Lending. Few points are listed below FYI.

1) Normally, vehicle Loans are considered as high risky since they are movables.

2) Since your present employment history is more than 3 months, probably you are under a probation period and therefore, the risk in re-payment is more risky.

3) Banks may consider such a request for a confirmed employee with a sound re-payment capacity & satisfactory past record with the bank.

** In consideration of above, the chances are very low to satisfy your request by a Bank. However, there are lenders who take the high risk and charge you a high premium with charges.

By shijucsivan• 19 Aug 2010 20:07
Rating: 5/5
shijucsivan

Go to doha bank, they give car loans without much problems.

but there need to be few things in mind.

1.The car have to be lesser than 4yrs old.

2.You need a bank statement of salary transfer.

3.Salary certificate from your company.

4.The car to be given by an authorized agency.But dont worry, if you pay a fees, any second hand car dealer will give you that service, even if you find a car by urself.

yes my friend, it is really hard in qatar.. for these little silly things

best luck!!!

By shijucsivan• 19 Aug 2010 20:07
Rating: 5/5
shijucsivan

Go to doha bank, they give car loans without much problems.

but there need to be few things in mind.

1.The car have to be lesser than 4yrs old.

2.You need a bank statement of salary transfer.

3.Salary certificate from your company.

4.The car to be given by an authorized agency.But dont worry, if you pay a fees, any second hand car dealer will give you that service, even if you find a car by urself.

yes my friend, it is really hard in qatar.. for these little silly things

best luck!!!

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