Which is better?
By paulobanez •
Hello Everyone, im planning to have a loan here in Qatar, but im curious which BANK should i take, im new in my company and still waiting for the visa transfer then get the loan after,
Any comments, suggestion, recommendation are highly appreciated,
Thanks in advance,
hello sir i am candy i would like also to inquire to your sister about personal loan, can you also give me her number?thank you very much
Thank you so much, i received your message, thanks a lot!
QNB suggested by Qatar central bank, n their interest veryyyyyyyyyyyy low
walah? can you give me your contact number? anyway,
i will just get 50 thousand riyals, any idea how much will be deducted monthly?
Check with your company regarding the bank(s) they deal with. Make an Excel sheet. and note
1) the limit you are entitled to based on what amount? - of salary, basic or gross
2) What are the bank charges from the time of signing, ie: one off charge. fixed charge from loan and interest, insurance charges, types of insurance charged and what does it cover. Months (Usually June or summer holidays) the bank will not deduct the EMI and rate of interest. what is payment is delayed? due to delay in salary from company or return from leave.
3) Monthly interest on reducing balance, insurance on reducing balance, admin charges etc etc
4) will they provide you a statement every month or quarter with actual charges or actual amount that goes towards your loan.
Think twice. When you take the loan, the bank executive (Customer service) will promise the earth and the moon.
Make sure to always stay in touch with your customer service person.
Check your statements often, you will find that half your EMI is towards unknow admin charges.
All the best.
I've been with CBQ for some years now, i took out a loan before and paid it all off. good customer service, good company. they have on-line banking which i use when im out of the country and the sms service is great. they gave me a debit card and a creditcard the moment i applied with no questions. now my account (salary comes in) even earns interest. they say there are hidden charges but these are only insurance charges which are minimal... i suggest you shop around (ask) each bank how much their interest rate are specially with the amount of money you will take out.
Barwa Bank is better
go for it
i try it very nice
thanks you my friend
im working here in Qatar one of the most popular insurance company.
will ask if your company is registered with them, that CBQ better
what do you mean by that Arien?
CBQ will rip you off... Try IBQ. Mashreq...etc
im planning to get a personal loan, something to buy in my country, thanks for comments, waiting for advance suggestions!
CBQ
Depends what the loan is for and how much you are planning to borrow.