Doha
Commercial Bank has forged ties with the Credit Bureau Office making it the first bank in Qatar to use a live link to approve and process loans and credit card applications within minutes.
Commercial Bank CEO Abdulla Saleh al-Raisi said all Commercial Bank customers will now enjoy “enhanced banking experience” and “the fastest approval times” for personal and vehicle loans, as well as credit cards in Qatar.
“Commercial Bank is proud to be a pioneer and to continue to be leading the way in digital and product innovation in Qatar, which ultimately means our customers can benefit from immediate approvals and disbursement of loans to provide them with what they need in the shortest possible time.
“We recognise that time is precious for our customers, which is why we place them at the forefront of our services to give them exceptional benefits and banking experiences,” al-Raisi said.
Dean Proctor, executive general manager, chief, Consumer and Private Banking, said: “Commercial Bank is continually innovating in the digital space. The launch of these significant improvements to service our customers faster than ever before comes at an opportune time as we continue to offer highly-competitive loans at exceptional rates through our summer campaign.”
This latest digital innovation supports Commercial Bank’s summer loan campaign, which runs until the end of July, Proctor added.
The special summer campaign rates include personal loans as low as 3.99% reducing interest rate (equivalent to 2.15% flat interest rate), vehicle loans as low as 1.99% flat interest rate (equivalent to 3.69% reducing interest rate), and mortgage loans with repayment rates starting from just 3.99% reducing interest rate (equivalent to 2.15% flat interest rate).
