IBQ offers "Mortgage Loan on Phone"

Doha, Qatar 30 June 2008: It has been over a week since International Bank of Qatar (IBQ) launched its innovative promotion, the "Loan on Phone" for IBQ customers and non customers and the verdict is in. It's a resounding success as customers flock to take advantage of the convenience of what is a first in Qatar for customer service.

Loan by phone

IBQ launched the Loan on Phone Campaign, whereby both IBQ customers and non customers can request a personal, vehicle or mortgage loan over the phone by simply calling 4478000 and they will receive an instant provisional approval. This week, IBQ is focusing on Mortgage loans on phone, where customers can call the same number, and not only get an immediate provisional approval on a mortgage loan, but also they have the option of refinancing of their existing mortgage loan at competitive terms and conditions.

IBQ Deputy General Manager, Peter Wilkes said: "We are absolutely delighted with the response we have received so far with our innovative Loan on Phone campaign. We decided to take our easy process further and offer our customers provisional approvals on mortgage loans by simply calling 4478000. We are also offering to refinance their existing mortgage loans at competitive rates and terms to suit our customer's individual needs.. At IBQ we know that customers in Qatar are demanding much more from their bank in terms of responsiveness and making banking simple and easy for them. We feel that by offering exceptional quality service and modern, innovative processes, we can make a difference."

IBQ mortgage loans are characterized as having the best terms. Not only are they provisionally approved over the phone, IBQ's mortgages offer competitive interest rates and loan amounts to suit everyone's need as well as flexible repayment terms. IBQ has also teamed up with major real estate developers in Qatar to further provide added value services, such as special offers and personal advice to home buyers, new or old. Of course, IBQ's "We Come to You", service is always available. Mortgage Sales Advisors can visit customers anywhere, at their office or home, in the specially branded mortgage hummer, and assist them with the documentation process. Taking a mortgage loan has never been simpler.

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