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Posted On: 26 April 2009 09:50 am
Updated On: 12 November 2020 02:09 pm

QNB launches loan repayment deferment offer

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Qatar National Bank (QNB) has launched a Loan Payment Postponement Offer for personal and vehicle loan customers holding salaried accounts at the bank. The promotion offers QNB customers the option of deferring their monthly instalments for up to four months, between June and September 2009, while loan interest continues to accrue for the duration of the loan postponement period. The bank will waive all postponement fees normally charged. This offer is timed to provide customers with a repayment holiday through the summer months and during the Holy Month of Ramadan. Customers who wish to take advantage of this offer are requested to register by visiting any QNB branch before June 15, 2009. Approval for the postponement will be subject to the bank’s terms and conditions. Qualified customers can choose postponement periods ranging from one to four months, which provides them the flexibility to manage their budgets better during this period, QNB said.