Car loan
By December Tulip •
Hi all,
I am planning to buy a Land Cruiser 2011 model on a bank loan. Can any one advice me on the following please?
1- Can I buy it on a five year loan?
2- Should I pay 30% down payment according to the new law?
3- Should I tranfer my salary to the bank which I am giong to get the car from? (My account is in Doha Islamic and I heard Islamic banking system will be canceled from next year)
Any further suggestions too will be highly appreciated
Thank you
1.Max:4yr i think
2.No need of 30% only 20% downpayment.
3.yes the same bank only give loan.
And about islamic bank i dnt knw.....