Buying a car in Qatar is like anywhere else, if you have cash just pay and the dealer will do the rest else if you lack of cash then you just submit the necessary document to the bank for bank loan approval. This post will guide you how to get buy a car with Qatar Petroleum car loan scheme therefore the accuracy of this post may change as company policy change all the time.
1) the amount of loan you are entitled is min 55K up to 5 times your salary
2) go hunt for your car and once you found it....
3) ask the dealer to give you a scanned PDF copy of the car current road permit, insurance and dealer quotation
4) submit those PDF to the HR e car loan application and wait for HR to generate a letter (more like a bank guaranteed letter of credit), HR will also provide you a letter to hypothetication the registration to QP just like normal bank does in Malaysia. This will cancel once you pay off your loan.
5) send all the document to the dealer and about 2 days you can collect your car. don't bother how dealer going to collect the money from QP as they will sort it out themselves
6) when you collect your car make sure the car are it is as how you see it and collect all the document from the dealer such as new road permit (make sure is under your name, insurance policy)
7) now you may need or may not need to get legal stamp for power of attorney (POA)letter. this letter is basically a guaranteed letter for QP that you cannot sell your car if you have not settle of your loan and if you didn't pay your loan QP have the rights to sell you car (if you leave the country without telling.)
8) now to do the POA, you need go to the Ministry of Justice at west bay (near to Al Faddan tower BMW showroom)
9) once you reach go to the ground floor there should be few guys sitting at the lobby with computer, if you cant find them go around the building you could be at the wrong side. Go to them show them the car registration card and they will type the POA letter for you in Arabic, (make sure you get 3 copies at QR5 each)
10) Go to 1st floor and there is a counter on your right, back at the counter there is a door go in and knock on the door to see lawyer or admin to approve your letter, you may encounter some people trying to harass you by offering their service to help you for a small fee. with this blog you can ignore them. there is a guy standing just at the door and i think he work there so far he is OK as helped me.
11) Once the lawyer or admin approve you need to pay and they only accept debit or credit card. NO CASH.
12) Once paid just walk to a counter in the middle of the hall and submit your document and get it stamp. 1 copy to the Ministry, 1 for you and 1 for QP
13) Scanned the POA, new road permit and insurance and submit it back via the e car loan application.
Khalas!
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Have someone drive you there as no parking at West Bay.
1 comment:
which car u ended up buying and how much?
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