QIIB launches 'attractive offer' for 'Instant Personal Finance' in partnership with Qatar Airways

QIIB has launched an “attractive offer” for Instant Personal Finance through its digital channels (mobile and internet banking) with a competitive finance rate, exclusive benefits, and Qmiles rewards from Qatar Airways Privilege Club.

By applying for the offer, which is valid from September 1 to October 31, customers can avail of financing within minutes at a reduced profit rate, starting from 3.75% (2% fixed profit rate) and will be granted 10,000 Qmiles (loyalty points by Qatar Airways Privilege Club) for every QR100,000 worth of financing.

Customers applying for the finance can also benefit from a grace period of up to 12 months for Qatari nationals and three months for residents.

Upon completion of the financing application and uploading all the necessary documentation on the QIIB Mobile or Internet Banking Application, customers can obtain the finance immediately, the bank said.

QIIB chief executive officer Dr Abdulbasit Ahmed al-Shaibei, stated, “Providing a special offer for instant personal finance via mobile and internet banking is a great and significant leap for us and our customers.

“This offer is in line with QIIB’s great achievements in digital transformation and one of the milestones completed in the past months, which has provided customers with a wide variety of products and services offered, with unprecedented ease and flexibility.

He said, “It is a new era in terms of personal finance, where customers are no longer required to visit any of the Bank’s branches. All that is required is to upload the necessary documents onto the application and the request will be processed in real-time and automatically.

“A text message will be sent instantly to the customer’s registered mobile number with the Bank, to inform them that they have successfully obtained finance.  Customers can apply for finance at any time, round the clock, without the limitation of the official working hours”.

Dr al-Shaibei noted, “The launch of this campaign related to our digital channels, is in line with our efforts to reinforce the transformation from traditional banking to digital banking, which are characterised by speed, efficiency, security, and availability around the clock. These are in addition to compliance with the global, fast-moving banking system with a view to enable almost all banking services via alternate channels”.

The CEO said, “QIIB is keen through this offer to strengthen its partnership with Qatar Airways, the award-winning national carrier of Qatar, by awarding customers who obtain personal finance via this offer a reward of Qmiles by Qatar Airways Privilege Club, which they can use to benefit from award tickets, extra baggage and more.”.

Dr al-Shaibei expressed his hope that the offer will be a favourable opportunity for QIIB customers and that it will contribute to fulfilling their aspirations to obtain financing with exceptional features, be it in terms of profit rate, speed, or security that have always distinguished QIIB”.

Qatar Airways Group Chief Executive, HE Akbar al-Baker said, “At Qatar Airways Privilege Club, we continuously aim to enrich our offering for customers to earn and spend Qmiles. We are therefore pleased to collaborate with QIIB to offer customers the opportunity to avail of bonus Qmiles, which they can use for award flights, cabin upgrades, extra baggage and much more.

“This partnership with QIIB cements our dedication towards enhancing our leading loyalty programme for valued members, and strengthening our loyalty partnerships to reward our members with exciting opportunities both on and off the ground.”

QIIB customers desiring to benefit from the “great offer” can login to their QIIB Mobile or Internet Banking Application and apply for finance by uploading the required documents anytime throughout the day, seven days a week.

For more information, customers can also contact the QIIB Call Centre on 4484000 available round the clock or visit the Bank’s official website www.qiib.com.qa