OFFER 3: GREEN VEHICLE FINANCE CAMPAIGN
Campaign Period	• Valid from 29 Aug 2023 till 31st Dec 2023
Main Target Segment	• Qataris Nationals with salary transfer to the Bank • Non Qataris with salary transfer to the Bank
Eligible Green Vehicles	• All new Electric vehicles offered from Authorized car companies in Qatar • All new Hybrid vehicles offered from Authorized car companies in Qatar
Minimum Salary Amount to Qualify	• QR 10,000 per month for Qataris • QR 20,000 per month for non-Qataris
Minimum Finance Amount to Qualify	• QR 50,000
Maximum Finance amount	• QR 2,000,000 including profit for Qataris • QR 400,000 including profit for non-Qataris
Maximum Finance Tenure	• Up to 6 years for Qataris • Up to 4 years for non-Qataris • The above tenure includes grace period, if any
Maximum Loan to value	• Up to 100% LTV for Qataris (Car Quotation) • Up to 80% for Non-Qataris (Car Quotation), down payment of at least 20% required
Offer Details	• Profit rate equal to QCB Lending rate • Assured BONUS AVIOS Points from Qatar Airways Privilege Club as per the grid below FINANCE AMOUNT BONUS Avios POINTS 50K ≤ Finance < 100K 15,000 100K ≤ Finance < 250K 30,000 250K ≤ Finance 50,000 • Employees of Qatar Airways only will receive equivalent cash back for the BONUS Avios Points as under: FINANCE AMOUNT For QA Employees 50K ≤ Finance < 100K QR 1,000 100K ≤ Finance < 250K QR 2,000 250K ≤ Finance QR 3,000
Key Conditions	• Minimum finance amount is QR 50,000. • Rewards will be paid out only after finance amount is disbursed • The BONUS AVIOS points will be credited within 60 days of the finance amount being disbursed. • Customer must have a valid Qatar Airways Privilege Number and once provided, cannot be changed • Qatar Airways employees, if any, will receive the cash back into their credit card account only.
Claw Back	• There is no claw back for the rewards if the customer closes his finance deal pre-maturely.
Maximum Age at end of Tenure	• 70 years – Qatari • 60 years – expats
Grace period	• Up to 3 months Grace period is allowed for all customers
Income Sources Allowed	• Income must be from Salary
Salary Transfer	• Mandatory
End of Service benefits	• Mandatory to transfer to the bank for Non-Qataris only
Takaful Life	• Mandatory to be paid by customer • Masraf Al Rayan will provide Takaful Life Insurance through Group Insurance Policy issued by Damaan Islamic Insurance Company (Beema)
Early Settlement Charges	• 10% of profit payable if settled with own funds • 100% of profit payable if liability is transferred to another bank.