Car Financing in Qatar

 

Many people in Qatar are looking to buy a car on installemnts, but the come to sellect the car they want, they struggle with finding a source of financing it.

 

First Finance Co. has the solution; whatever your dream car – new or used, First Finance Co. puts you in the driver’s seat. They save efforts and costs, since all of our transactions take place in one station. They accept applications from all employees in government organizations and from registered compenies from the private sector, with one condition that the salary is QR 5000 or above.

 

To apply for a car finace with First Finance: You must have a minimum of QR 5,000 and your employer must be registered with First Finance Co.

 

There are many advantages for using First Finance Co.:

 

• Simple procedures and flexible credit conditions.
• Instant approval.
• Flexible down payment (For Qataris).
• Installments up to 72 months (For Qataris). Installments up to 48 month (for expats).
• Up to 3 month's grace period.
• No administrative charges.
• Last 8 years models are accepted.
• Competitive profit rates.
• All the transactions are Shari‘ah-compliant.

 

Documents required:

 

• A copy of Qatari ID Card, and a copy of passport for expatriates. 
• A three-month statement of bank account.
• A new salary certificate.
• Quotations (from agency or showroom) issued in the name of First Finance Co.
• A copy of ownership (used car).

 

Once aplied, transactions are subject to the approval of the Business Development Department.

 

You can download the finance request form from here

 

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