Auto Loan

Get an Auto Loan approval in 30 minutes for financing a new or used vehicle (less than 3 years old)

Features and benefits

  • Qataris - Borrow up to QAR 2M (including interest)
  • Expatriates - Borrow up to QAR 400,000 (including interest)
  • Qataris - Maximum term of 72 months
  • Expatriates - Maximum term of 48 months
  • Fixed monthly repayments
Competitive rates available on auto insurance with free road side assistance
30 minutes approval

Useful information

Qataris:
  • Above 18 years of age at the time of application and not older than 60 years at the time the facility matures
  • Earn a minimum monthly salary of QAR 6,000 assigned to your Ahlibank account
  • Maximum monthly payments not to exceed 75% of monthly basic salary plus social allowance

Expatriates:
  • Above 21 years of age at the time of application and not older than 60 years at the time the facility matures
  • Earn a minimum monthly salary of QAR 6,000 assigned to your Ahlibank account
  • Maximum monthly payments not to exceed 50% of total monthly salary
  • Minimum 20% down payment of the vehicle value
  • Complete an application form at any of our branches
  • Provide the documents listed below
  • If your application is approved, you will be contacted by your branch
Qataris
  • Valid Qatar ID Card
  • Salary certificate/salary assignment letter from your employer
  • Liability letter from your existing bank titled to Ahlibank and 3 months bank statements (for buyout cases only)
  • Car quotation from an approved car dealer
  • Trade License and Commercial Registration documents (for self-employed customers/non approved companies)

Expatriates
  • Valid Qatar ID Card
  • Passport with valid resident permit
  • Salary certificate/salary assignment letter from your employer
  • End of Service (EOS) assignment letter from your employer
  • Liability letter from your existing bank titled to Ahlibank and 3 months bank statements (for buyout cases only)
  • Car quotation from an approved car dealer
  • Trade License and Commercial Registration documents (for self-employed customers/non approved companies)
  • Post dated security cheques for the amount borrowed
Download Fees and Charges here
 
Download Terms and Conditions here
 
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