Vehicle Finance
Enjoy Shari’a-compliant vehicle financing with easy approval and flexible repayment - your gateway to the best Vehicle Finance deals via QIB Mobile App.
Vehicle finance
Max. amount of QAR 2 million (for Qataris)
No guarantor is required
No processing fees
QIB Vehicle Finance details
Finance any vehicle: Choose the vehicle you love - new or used - and get it financed easily with repayment plans tailored to your budget all through the QIB Mobile App.
Competitive profit rates: Benefit from the best Vehicle Finance rates that make your monthly payments affordable.
Zero administration charges: Being a Shari'a-compliant financing option, QIB Vehicle Finance doesn't have any processing costs or hidden fees.
No guarantor needed: Apply confidently without needing someone to co-sign your finance request.
Quick approval: Get your finance approved on your first visit, so you can use the best vehicle financing deals right away.
Fixed payments: Plan your budget better with clear, consistent instalments every month.
Auto Takaful: Protect your vehicle with comprehensive Takaful (insurance) coverage for added peace of mind.
24x7 sales support: Reach out to QIB's dedicated sales team anytime for help, guidance, or updates regarding the best vehicle finance deals.
Takaful finance option: Choose a financing plan that's built on cooperative Takaful principles – designed to share obligations evenly.
| Eligibility | Qatari National | Resident |
|---|---|---|
| Maximum finance amount (including profit rate) | QAR 2 million | QAR 400,000 |
| Down payment required | No down payment | 20% down payment |
| Maximum monthly instalment per month | 75% of the basic salary and social allowance | 50% of the total salary |
| Age between | 18 – 65 | 21 – 60 |
| Employment status | Confirmed | Confirmed |
- Salary certificate
- Valid ID for Qataris, residency permit and passport for expats
- Offer letter (quotation) from the car showroom addressed to QIB
Finance calculator
Apply for Vehicle Finance in Easy Steps
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Step 1
Open QIB Mobile App
Step 1
Log in to the QIB Mobile App and go to "More” and tap on “Apply for Products.”
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Step 2
Select Auto Finance
Step 2
Choose “Vehicle Finance” under “Finance Products.” Enter your dealer details and upload the vehicle quotation to proceed with your application.
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Step 3
Details validation
Step 3
Review “Finance Calculator,” choose your “Auto Takaful” and confirm the account for your down payment. Validate your details and share the LPO with your vehicle dealer.
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Step 1
Open a Current Account
Step 1
Start by opening a Current Account through the QIB Mobile App or at any branch. This account will be used for your finance process.
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Step 2
Log in to QIB Mobile App
Step 2
After your account is active, log in to the QIB Mobile App. From the home screen, go to “More” and select “Apply for Products.
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Step 3
Select Vehicle Finance
Step 3
Choose “Vehicle Finance” under “Finance Products.” Enter your dealer details and upload the vehicle quotation to proceed with your application.
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Step 4
Details validation
Step 4
Review "Finance Calculator," choose your "Auto Takaful" and confirm the account for your down payment. Validate your details and share the LPO with your vehicle dealer.
Financing benefits
More ways to bank
Dedicated Tamayuz call centre
For convenient banking access, reach our Tamayuz Call Centre agents 24x7 at +974 4453 3000.
Read More
Internet Banking
Manage your accounts securely from anywhere with our Internet Banking platform.
Read More
Reach us anytime, anywhere
Enjoy a premium, hassle-free banking experience designed for your convenience.
Read More
Recommended best practices
Simple steps to manage your interest-free finance effectively.
Plan your repayments
Create a clear schedule for your instalments to ensure smooth and stress-free repayment.
Track your finance
Monitor your outstanding balance and payment dates on QIB Mobile App anytime, anywhere for better monitoring.
Set up payment reminders
Activate alerts in the app to avoid missing due dates and maintain a hassle-free experience.
Alternative financing
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Home Finance
Read More
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Current Account
Explore Our Current Account -
Savings Accounts
Explore Our Savings Accounts -
Deposit Account
Explore Our Deposit Accounts
Frequently asked questions
Yes. QIB Vehicle Finance is available for all types of cars - whether it’s brand new or pre-owned.
Absolutely. All QIB Vehicle Finance packages follow Islamic Banking principles and are fully Shari’a-compliant.
Approval is quick and can be granted from your very first visit or through the QIB Mobile App.
For Applying through the QIB Mobile App you need:
- Name of the car dealer
- Offer letter (Quotation) from him addressed to QIB
- Salary Certificate
- Valid ID for Qataris, residency permit and passport for expats
- Offer letter (Quotation) from the car showroom addressed to QIB
Yes. You can apply digitally via the QIB Mobile App.
We offer competitive profit rates, which may vary based on the type of car you are buying and the finance plan you have selected.
