CBI, Commercial Bank International answers with 3.75%, the lowest interest on car loans

10/9/2006

The bank is also offering a host of attractive features aimed at capturing the booming demand for cars in the country.

CBI, Commercial Bank International has stormed into the banking services market with a cutting-edge car loan product offering that carries the lowest interest rate in the market at 3.75%.

This product introduction closely follows the unveiling of its new corporate identity and is in line with the new strategy CBI is implementing w.r.t. its retail banking. In keeping with its new motto ‘You asked. We answered’, CBI’s new car loan is a concrete answer to a market that is filled with a plethora of offers and promotions.

Speaking on the offer, Mahdi Kilani Head of  Retail Banking Group , at CBI, said, “In line with our strategy, we are ensuring that customers’ needs are answered, by this we are looking at new banking untapped possibilities. A car loan with the lowest interest in the market is a concrete implementation of our strategy which will not only make our customers happy, but also give us the leverage to command a better and stronger presence in the market.”

CBI’s lowest interest rate on its car loan offer comes packed with added benefits. According to Mr. Kilani, the offer has zero down payment and customers are guaranteed approvals on the same day. The offer also comes with a repayment period of 72 months including a 60-day initial grace period.

The bank is also offering a free for life Credit Card and various insurance finance options under this product offering.

Being able to offer the lowest interest rate and very attractive features for car loans reflects the core values of CBI’s banking service, which revolve around customer-centric service and make banking solutions within everyone’s reach.

In addition to its car loan product offering, CBI has a host of innovative ideas in the pipeline, and will soon be introducing customised products to suit today’s evolving customer needs extending towards real estate, Islamic banking and brokerage services.

CBI is making a concerted effort to be identified as a bank which hosts all the answers that address & understand people banking needs.