For car loan, I got it from QNB which is where my company opened the account for all our employees.
Vehicle loans are generally 80% of car price but QNB handled it for me with the 20% on personal loan at the same interest rate.
So all in, I bought a car for slightly above 150,000 QAR and pays slightly less than 3,700 QAR per month for 4 years.
The other way is to get a personal loan and buy the car which you want. Personal loan are generally over 3 years repayment period.
Banks normally ask for 6 months pay slip but I got my loan in late January 2012, less than 3 months. It also depends on the company you're working for.
If you go for rental, 2,000 QAR will only get you an average 1600 to 1800 cc saloon or a relatively old SUV. I've considered that but feels that it's not really a good option.
Hi Tech,
I came in November 2011.
For car loan, I got it from QNB which is where my company opened the account for all our employees.
Vehicle loans are generally 80% of car price but QNB handled it for me with the 20% on personal loan at the same interest rate.
So all in, I bought a car for slightly above 150,000 QAR and pays slightly less than 3,700 QAR per month for 4 years.
The other way is to get a personal loan and buy the car which you want. Personal loan are generally over 3 years repayment period.
Banks normally ask for 6 months pay slip but I got my loan in late January 2012, less than 3 months. It also depends on the company you're working for.
If you go for rental, 2,000 QAR will only get you an average 1600 to 1800 cc saloon or a relatively old SUV. I've considered that but feels that it's not really a good option.
But it's up to you.