First Finance Company (FFC), a subsidiary of Barwa Bank Group, has opened a new branch located at “Mawater City” with the objective of facilitating car purchases and easy access of finance for individuals.

Instant approval would be offered to customers opting for the services, a statement said.

Apart from this, other associated advantages include zero down payment (for Qataris); instalments up to 72 months (for Qataris); instalments up to 48 months (for expats); up to 6 months’ grace period; no salary transfer; no administrative charges; last 10 years’ models are accepted; competitive profit rates, etc. All its transactions are Shariah compliant.

In order to avail this facility, consumers need to produce these documents: a copy of Qatari ID Card; a copy of passport (for expats); a three-month statement of bank account; a new salary certificate; quotations (from agency or showroom) issued in the name of First Finance Co.; a copy of ownership (used car). All transactions are subject to the approval of the Business Development Department.

Eslah Assem, chief executive officer said: “We are delighted to offer this unique service to our esteemed customers. This service will entail customers for them to avail one-stop-shop with respect to their requirements towards availing car financing options. Being situated near the cars’ showrooms, this makes it easier for consumers to drop by and understand the nitty-gritties involved in buying cars and availing financing alternatives at the same time. Our dedicated team will be ready to assist our customers and provide all necessary facilities for the required transfer.” – TradeArabia News Service