IBQ offers 1% cash back on loans transferred from other banks

International Bank of Qatar (ibq) offers customers who move their loans to ibq 1% cash back as well as a reduction of their current interest rate by up to 1%, with rates reaching as low as 4.05% for qualifying customers.  

Andrew Ball, AGM and Head of Retail at ibq said: “Our 1% cash back offer with interest rate reduction of up to 1% on existing loans is a prime example of ibq’s commitment to provide flexible financing solutions to our customers. The opportunity to move existing loans to ibq also allows customers to top-up their loans and get an additional amount.  In addition, the tenor of the loan is more flexible as it is extended over a longer period of time, up to 6 years for Qataris and up to 4 years for expats.” 

In addition to the 1% cash back and interest rate reduction, ibq offers reward points from the Bank’s award-winning thanq loyalty program. thanq enables ibq customers to accumulate points across a wide range of products and services and redeem them to book travel on over 800 airlines and stays at 160,000 hotels worldwide. 

Customers of other banks can begin the process of moving their loan by visiting any of ibq’s branches.  New loans require a minimum amount of QR 100,000 and a minimum tenor of three years. Bank’s general terms and conditions apply.