First Finance Company (FFC), a subsidiary of Barwa Bank Group, has opened its newest branch at Mawater City.
The objective of the branch (located at Area 1, opposite Aqua Park, Building number 5) is to facilitate car purchases and easy access of finance for individuals, First Finance said yesterday.
Aimed to be a one-stop-shop, this branch would assist ease to customers in buying and financing for cars.
Based on the premise of care, simplicity, and flexibility, it will help simplify procedures and offer flexible credit conditions. Instant approval would be offered to customers opting for the services. 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 six months’ grace period; no salary transfer; no administrative charges; last 10 years’ models are accepted and competitive profit rates.
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 Company; a copy of ownership (used car). All transactions are subject to the approval of the Business Development Department.
First Finance Company chief executive officer Eslah Assem 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.”
First Finance Company said it “focuses on meeting the financial needs of customers through top-quality and full-range of Shariah-compliant financial services.”
FFC
