All Qataris can now enjoy a one-year holiday from loan instalments with IBQ’s innovative and Qatar’s first deferred loan instalments programme, which is valid for all personal and car loan applications submitted before January 31, 2012.

Offered at very attractive interest rates, one of the lowest in the country, IBQ loans for Qataris are available with a tenure of up to six years and a maximum amount of QR 2 million ($540,000) with principal and interest included, a statement from the bank said.

This special offer is available as a new loan, a buy-out loan with salary transfer to IBQ or a top-up to an existing loan with IBQ. Non-IBQ customers can enjoy the one-year holiday from their monthly loan obligations once they transfer their salary to the bank.

Philip King, head of retail banking at IBQ, said: “This is another very innovative banking first in Qatar from IBQ. Our creative and customised retail solutions have truly turned us into the bank of choice in Qatar for many. Our product and service line has made banking easier and much more convenient for all our customers and this has pushed us to provide them with continuous reward programmes throughout the year. We understand that transferring accounts or switching between banks is not always simple and this is exactly why at IBQ we have worked to make this as inviting as possible.”

IBQ has seen its customer base increase by over 300 per cent in the last 3 years. The bank continues to expand its network of branches with a diversified range of touch-points across the country. 

It offers a full portfolio of innovative products that offer value and choice to customers in addition to a full state-of-the-art retail banking menu, the statement said.

The bank’s substantial investment in retail banking technology and innovation has earned it several accolades such as Best Retail Bank in Qatar for the year 2011 by Arabian Business magazine and Best Customer Service for four consecutive years from The Banker Middle East magazine, it said. – TradeArabia News Service