PERSONAL LOAN FROM COMMERCIAL BANK

Does anyone faced the same problem with commercial bank of qatar???

I took a personal loan from Commercial Bank in March 2008 with a variable interest rate of 9.25 %.

They charged me 9.25% for last 8 Months. This month they charged me 12% interest. almost 3% more than the interest agreed .

I called CBQ to know the prevailing interest rate for personal loan. I was told it is 9.75 % . For the employees of corporate clients the interest rate is little less than the prevailing one .

Is this the way a leading professional bank like CBQ works and treats (cheats)its bonafied customers (employees of corporate clients) .

Is there any authority in Qatar ,whom these issues can be addressed.

Regards

MPQATAR.

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