CBI offers car loan from Al Majid Motors Co.

The attractive terms may be availed between the 24th of March and 30th of August 2007, exclusively for Kia cars financed by CBI.

Customers can enjoy easy repayment tenures of up to 72 months, taking advantage of 100% financing on the car of their choice. Interest rates will be based on repayment tenure chosen by the customer, with an extremely affordable interest rate of just 0.99% on a car loan.

Apart from the attractive terms on the CBI Car Loan, customers have the option of topping up their loan amount to cover the insurance premium. This total amount will then be repaid on the same loan terms. Plus, CBI is offering a pre-approved, free for life Credit Card with every Car Loan for purchasing KIA vehicles from Al Majid Motors Co. across the UAE, making this an offer that should not be missed out on.

Speaking about the tie-up, Mr. Samir Tayeh, President of Al Majid Motors Co. comments: "The attractive terms of the CBI Car Loan will be a boon to our customers. We like to help our clients get the best deals when it comes to buying a car and now, with the excellent financing terms that are on offer with CBI, we can ensure even more advantages for customers. This year we are celebrating our 18th year of operation in the UAE. Our KIA customer base is also constantly growing and in order to provide better service to these customers, we have 12 service centers and 15 parts centers across the UAE and AMMC."

In addition to the winning terms on their car loans, CBI is also planning to roll out a bouquet of products and services that will delight its customers. This is in keeping with their strategy of responding to the market's needs.

Speaking about their plans for the near future, Mahdi Kilani, Head of Retail Banking Group from CBI says: "We are a very customer-oriented bank. We see things from the customer's point of view and respond with products and services that are tailored to meet individual needs. We are already known as a bank that listens to problems and offers prompt solutions that help people overcome their financial challenges."