Thanks guys for the helpful information. As for QNB, i also just heard about their promotion and also already go directly to the bank few days back and asking about the car loan. The CS told me just like what honeylynne said, it is possible to have downpayment paid using personal loan and the rest using car loan. I don't know why CS in HSBC told me earlier that I can't use that way and saying that there's rules from Qatar central bank personal loan is not allowed to use for purchasing car, even only for downpayment, and all bank in Qatar should follow that regulation.
I am in the middle of moving account out of HSBC by now (not only because of strict regulation by HSBC, but also lower interest offered by QNB afaik), but don't think able to do it immediately since HSBC CS said I had Mastercard which will remain active until 45 days even though I already paid all the credit balance and HSBC closing the credit card account. So the only way is waiting for next 45 days before they released clearance letter which I can use to let my company move salary transfer account to other bank and to also be used for opening new account in other bank.
I am not sure if this is only another 'weird' information / regulation delivered by HSBC CS or it is same for all other bank in Qatar. I think HSBC has too much strict rules for their customer (which is probably good one, but make at least myself not comfortable with that). Just hoping they'll release that clearance letter as promised later and not giving another reason to keep it.
Thanks guys for the helpful information. As for QNB, i also just heard about their promotion and also already go directly to the bank few days back and asking about the car loan. The CS told me just like what honeylynne said, it is possible to have downpayment paid using personal loan and the rest using car loan. I don't know why CS in HSBC told me earlier that I can't use that way and saying that there's rules from Qatar central bank personal loan is not allowed to use for purchasing car, even only for downpayment, and all bank in Qatar should follow that regulation.
I am in the middle of moving account out of HSBC by now (not only because of strict regulation by HSBC, but also lower interest offered by QNB afaik), but don't think able to do it immediately since HSBC CS said I had Mastercard which will remain active until 45 days even though I already paid all the credit balance and HSBC closing the credit card account. So the only way is waiting for next 45 days before they released clearance letter which I can use to let my company move salary transfer account to other bank and to also be used for opening new account in other bank.
I am not sure if this is only another 'weird' information / regulation delivered by HSBC CS or it is same for all other bank in Qatar. I think HSBC has too much strict rules for their customer (which is probably good one, but make at least myself not comfortable with that). Just hoping they'll release that clearance letter as promised later and not giving another reason to keep it.
Cheers.