Commercial Bank International (CBI) recently launched a loan product offering that carries, according to the company, the lowest interest rate in the market at 3.75 percent.

“In line with our strategy, we are ensuring that customers’ needs are answered, by this we are looking at new banking with untapped possibilities,” said Mahdi Kilani, head of retail banking group at CBI. “A car loan with the lowest interest in the market is a concrete implementation of our strategy which will not only make our customers happy, but also give us the leverage to command a better and stronger presence in the market.”

The offer has zero down payment and customers are guaranteed same-day approvals. It also comes with a repayment period of 72 months, including a 60-day initial grace period.

CBI is also offering a free for life credit card and various insurance finance options under this product offering.