Drive Green to get exclusive benefits!
Take advantage of our special offers with Porsche for electric and hybrid cars
- Free equal number of Avios as the car price.
- Interest rate as low as 2.75% flat (5.12% reducing rate).
- 5 years warranty.
Eligibility | Qataris | Expats |
---|---|---|
Maximum Financing | 100% | 80% |
Maximum Loan Amount (including interest) | QR 2,000,000 | QR 400,000 |
Repayment Period | 72 months | 48 months |
*Terms and Conditions apply.
Sample Computation
Nationality | Car Value (QR) | Down Payment | Loan Amount (QR) | Tenor (Months) | Approximate Monthly Installment |
---|---|---|---|---|---|
Qataris | 438,000 | 0% | 438,000 | 72 | 7,088 |
Expats | 438,000 | 20% | 350,400 | 48 | 8,103 |
Above calculations are indicative and subject to change as per the Bank’s policy.
Eligibility Criteria
- Salary transfer to Doha Bank.
- Minimum salary of QR 15,000.
Document Requirements
- Original QID.
- Original valid passport (Expats).
- Salary Certificate.
- Vehicle quotation from Porsche Qatar.
Terms and Conditions
- Minimum loan tenor is 48 months.
- Customers must be eligible for a Car Loan as per the Bank’s policies.
- Applicable only for Porsche hybrid / electric vehicles.
- Avios will be processed within 60 days from loan granting date. Customer must be registered with Qatar Airways Privilege Club.
Interest Calculation (APR):
- Commencing from the Loan Date, interest shall accrue on the Loan on a daily basis at the relevant Interest Rate and will be capitalized to the Loan Amount at the end of each month.
- Interest will be calculated as per following formulae. The Daily Balance of the Loan X Total Annual Rate X (1/360)
- Every payment made after the due date will result in additional interest accrual on loan
- Where a Grace Period applies or where the Customer is granted a postponement in respect of an installment, interest on the relevant Loan shall continue to accrue and will be capitalized to the Loan Amount at the end of each relevant month.