Finance Options

At Al Wakalat we make your finance easier by providing you with the best finance options. Navigate through our different partners and choose your most suited one.

Compare Car Loans

To make your next car purchase easier, we’ve visited, chatted and collected information from various bank and financial firms to put together this straight to the point chart that shows the bank name, the minimum salary required by the bank, the down payment % , the monthly payment, in addition to the flat and reducing rate. To make this more functional to you, we’ve linked you directly to the bank’s car loan page by clicking on apply now you can directly go to the bank’s car loan page and fill their loan form .. simple, fast and effective function for Alwakalat.com to you.

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Provider
Minimum Salary
Down Payment
Monthly Payment
Flat Rate
Reducing Rate
Provider
Minimum SalaryQR 25000 Down Payment 0 - 20% Monthly Payment QR Flat Rate % Reducing Rate 5.75 %%

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 6000 - 7000 Down Payment 20% Monthly Payment QR 3,556 Flat Rate % Reducing Rate 6.5 %%

With QIB Auto Finance, choose your car and let us provide you with the right tool to own it. Our exclusive offer will ensure that you will get the best car price at the best rate along with the best car Takaful to protect your car.

Now you can get the most unbeatable car finance from QIB.

QIB Car Finance for Expatriates Features:

  • Financing all cars, whether new or used
  • Ability to trade your old car for a new one
  • Fully Shari’a-compliant finance packages
  • Competitive profit rate
  • No administration charge
  • No guarantor required
  • Quick approval from the first visit
  • Fixed monthly installments with transparent service
  • Comprehensive car Takaful (insurance
  • Direct sales team to serve you around the clock
  • Finance services for other products, such as window tinting, full insurance and warranty.

Eligibility:

  • Maximum Finance Amount (Including profit rate) – QR 400,000
  • 20% Down payment
  • Minimum Salary – QR 5,000
  • Maximum Monthly Installment per month – 50% of the total Salary
  • Age between 21 – 60 years
  • Employment Status Confirmed

Documents Required:

-Salary certificate
-Residency permit and passport for expats
-Offer letter (Quotation) from the car showroom addressed to QIB

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 5000 Down Payment 20% Monthly Payment QR 3,554 Flat Rate 3.18% Reducing Rate 5.72%

Loans for new and pre-owned vehicles at highly competitive rates

Cruise to a wealth of benefits with the car loans from Mashreq.

Beyond tailored financing solutions, you enjoy a complimentary (AAA) Gold membership worth QAR 500 per annum. With 24 x 7 roadside assistance, lockout service, petrol delivery, free annual registration and more, driving has never been this pleasurable.

Mashreq Car Loan Features:

  • Up to 80% funding for salaried and up to 100% funding for self employed individuals
  • Platinum credit card together with free AAA membership for road side assistance
  • Loans up to QAR 397,500 for salaried & QAR 450,000 for self employed individuals
  • Repayment periods up to 48 months
  • No guarantor required

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 10000 Down Payment 20% Monthly Payment QR Flat Rate 3.2% Reducing Rate 6.00%

You have dreamt about it. You have gone for many test drives before you decided on it. At Masraf Al Rayan the process should be equally enjoyable.

Masraf Al Rayan Auto Finance Features:

  • Save money
  • Competitive profit rate
  • Attractive car insurance rate
  • Flexibility
  • No down payment*
  • With up to 6 years, you can choose the payment that suites your budget
  • Grace period up to 3 months
  • Quick approval process

* Approved by the Shari’a Supervisory Board of Masraf Al Rayan.

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 6000 Down Payment 20% Monthly Payment QR Flat Rate % Reducing Rate 6.5%

Introductory offer :

For financing a new or used (less than 3 years old) vehicle purchase

Features & Benefits:

  • Fixed monthly repayments
  • • Competitive rates available on auto insurance with free roadside assistance

Eligibility:

  • 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!

Additional Info:

  • Financing used vehicle (less than 3 years old)

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 4000 Down Payment 20% Monthly Payment QR Flat Rate 2.85 - 3.10% Reducing Rate 5.28 - 5.74%

Imagine driving away in your dream car.

You’ll get immediate approval and rates starting from 2.49% flat

Features & Benefits:

  • Vehicle Loans starting from 2.49% flat (4.62% p.a. variable) for Qataris and 2.69% flat (4.99% p.a. variable) for Expats​
  • Nothing to pay for up to 3 months
  • Exclusive discounts on your first year insurance at only 2.25% of the total car value with QAR 500 deductible
  • Option to finance additional associated costs at 0.00% interest for up to 24 months on your Credit Card (Subject to eligibility)

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 10000 Down Payment 20% Monthly Payment QR Flat Rate 3.25% Reducing Rate 6.00%

DRIVE AWAY WITH CAR FINANCE APPROVAL IN UNDER AN HOUR

As Qatar’s fastest growing and most innovative bank, we’re always looking for ways to make our customers’ lives a little easier.

Now you can choose your new car and drive it home today with Barwa Bank’s new simplified car financing. We deal with all the paperwork so you won’t spend time going back and forth. You don’t even need to visit your branch. In fact, all you have to do is drive away!

Shari’ah compliant, flexible, quick and easy, this is the fastest way to getting that new dream car!

Features & Benefits:

  • Free life insurance for the financed amount
  • Attractive profit rates
  • Up to seven years of financing
  • Easy application process, with approval in less than 24 hours after submitting your application and documents
  • Fully transparent transaction with low processing fees and no additional charges
  • No hidden costs.

Required Documents:

Customer must have his salary transferred to Barwa Bank:

  • Qataris: Copy of Valid ID
  • Expatriates: copy of Passport with valid Residence Permit
  • Valid salary assignment letter
  • Valid Quotation
  • 6 month statement for new customer only
  • Minimum salary QAR10,000
  • Maximum finance of QAR 2 million for up to 6 years for Qataris
  • Maximum finance  of QAR 400,000 for up to 4 years for Expatriates
  • Age of the vehicle should be 7 years at finance maturity

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 15000 Down Payment 10% Monthly Payment QR 3,527 Flat Rate 2.80% Reducing Rate 5.04%

HSBC Vehicle Loan for Qatari Nationals Features:

-Low rates from just 2.8%p.a.
-Finance available for both new and used cars
-Two payment holidays annually
-High loan amounts of up to QAR720,000 for Qatari Nationals
-Comprehensive car insurance offered at competitive rates
-Instalment suppression option – defer your monthly instalment up to twice a year for greater flexibility
-Easy application and approval procedure

Documents Required:

-Loan Application & Agreement Form
-Qataris: Copy of Valid ID
-Private companies: salary assignment letter (valid for three months)
-Government and/or semi-government: salary certificate (valid for one month)
-Valid quotation of purchase
-Comprehensive car insurance valid for one year

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 2000 - 6000 Down Payment 20% Monthly Payment QR 3,631 Flat Rate % Reducing Rate 6.00%

Drive the car of your dreams today. A QNB Vehicle Loan is affordable and provides flexible tenure options to meet every need.

QNB Vehicle Loan for Expatriates Features:

-Low interest rates
-No management fees
-Fast approval
-Up to 100% financing
-Flexible 6 to 72 month repayment options
-Financing of new and pre-owned cars
-Discounted comprehensive insurance
-Down payment assistance
-Maximum loan amount – QR 400,000
-Maximum loan tenure – 4 years
-Maximum grace period – 1 months
-Minimum down payment – 20%
-Minimum monthly income – QR 6,000

Documents Required:

-Salary account with the Bank required
-Vehicle quotation from an approved car dealer
-Original ID Card
-Original, valid passport (Expatriates)

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!

Provider
Minimum SalaryQR 7500 Down Payment 20% Monthly Payment QR Flat Rate % Reducing Rate 6.00%

Features & Benefits:

  • Attractive interest rates
  • No management fees
  • Up to 80% financing
  • Fast approvals
  • Credit life insurance
  • SMS notification with every transaction
  • 24 hour service through our Call Centre
  • Internet banking services with ibqonline

Thanq Rewards Program

Thanq Rewards Program – earn rewards against your borrowing

Representative example:

If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.

Apply Online Now

At present, you can't apply for this product via compareit4me.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!