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Car loan

I have been applied for a car loan for a second hand 4X4 with a leading bank. The Bank asked for full cover insurance certificate before loan approval and I given to them. After 2 week later bank again requested for guarantor and 20% down payment. I said I could not produce a guarantor and down payment as I am new in Qatar (4months). Now it turned to 30% down payment and no guarantor.

Why bank rising these issues after a month and I spend money for insurance.
Please advise some one, that what I can do now. Any legal actions or loosing insurance money

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sunivs's picture
Answer this Question
Posted in:
By sunivs
Thu, 05/11/2009 - 2:10pm

Answers

_noms_'s picture
_noms_
 

did u try speaking to the Top Manager?!
Answered on Thu, 05/11/2009 - 2:15pm
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shaheka143's picture
shaheka143
 

This is Qatars Bank. Welcome to Qatar LOL Hahahahahahaha..........:)
Answered on Thu, 05/11/2009 - 2:34pm
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boer's picture
boer
 

Quite frankly if they asked me for insurance before approving the loan, I would tell them to take their loan and shove it right up where the sun don't shine.
Answered on Thu, 05/11/2009 - 2:45pm
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sunivs's picture
sunivs
 

now branch manager said bank will not tell to take a insurance before loan approval and he need time to study my case.
Answered on Thu, 05/11/2009 - 2:58pm
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