Personal loan for Qatari Retiree in collaboration with General Retirement & Social Insurance Authority
The General Retirement and Social Insurance Authority (GRSIA) and Doha Bank proudly present the GRSIA Loan Program, a pioneering initiative tailored exclusively for Qatari retirees. This program offers interest-free loans to enhance retirees’ financial well-being and support their post-retirement aspirations.
Key Features
- Loan Amount: Up to 5 times your salary, maximum QAR 300,000.
- Repayment Period: Flexible terms up to 5 years.
- Interest Rate: 0% – completely interest-free.
- Eligibility: Qatari retirees with salary transfer to Doha Bank (or willing to transfer).
- Number of Loan (Limits): One active loan at a time, maximum 2 loans in the retiree’s lifetime.
- Loan Terms: Top-ups, postponements, and rescheduling not available.
How to Apply
- Visit your nearest Doha Bank branch.
- Receive personalized assistance from our dedicated staff.
Empower your retirement with the GRSIA Loan Program.
Contact Doha Bank today to learn more about how we can support your financial goals.
Interest Calculation (APR):
- Commencing from the Loan Date, interest shall accrue on the Loan on a daily basis at the relevant Interest Rate and will be capitalized to the Loan Amount at the end of each month.
- Interest will be calculated as per following formulae. The Daily Balance of the Loan X Total Annual Rate X (1/360).
- Every payment made after the due date will result in additional interest accrual on loan.
- Where a Grace Period applies or where the Customer is granted a postponement in respect of an installment, interest on the relevant Loan shall continue to accrue and will be capitalized to the Loan Amount at the end of each relevant month.
