QNB announces loan postponement deal

CAR LOANS: Qatar National Bank offers temporary respite for borrowers. (Getty Images)

Qatar National Bank (QNB) has announced the launch of a new loan payment postponement offer for personal and vehicle loan customers holding salaried accounts at the bank.

Customers will be given the option of deferring their monthly installments for up to four months, between June and September, while loan interest continues to accrue for the duration of the loan postponement period.

The bank will waive all postponement fees normally charged.

The deal is timed to provide customers with a repayment holiday through the summer months and during the Holy Month of Ramadan.

Customers wishing to take advantage of the offer must register by visiting any branch before June 15. 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.

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