One has to pay for the amount you borrowed at a rate fixed by the bank. When the national banking system adjust the interest rates the bank (CBQ, IBQ, HSBC, QNB, etc) also changes the interest rate by extending the months.
Usually the interest is about 14% yanni for 100,000 you have to pay QR 14,000 to the bank over a period of 3 or 5 yrs.
If that is "loosing" then pay full amount in cash or buy 2nd hand car and pay the garage for the repairs QR 3000 every year for the next 10 yrs.
How can one be the "looser"?
One has to pay for the amount you borrowed at a rate fixed by the bank. When the national banking system adjust the interest rates the bank (CBQ, IBQ, HSBC, QNB, etc) also changes the interest rate by extending the months.
Usually the interest is about 14% yanni for 100,000 you have to pay QR 14,000 to the bank over a period of 3 or 5 yrs.
If that is "loosing" then pay full amount in cash or buy 2nd hand car and pay the garage for the repairs QR 3000 every year for the next 10 yrs.