Loan/Overdraft against NRE / FCNR Deposit
With our exciting new product offering – Loan Against NRE/FCNR Deposit, Doha Bank NRI customers can now get the best of both worlds. Enjoy best Interest rates on deposits in India and have a loan against that deposit at the most competitive rates in GCC.
- Loan/Overdraft available in USD or QAR.
- Loan amount up to 75% of the deposit amount.
- Attractive loan interest rates.
- Flexible repayment options of up to 60 months for monthly installments and 36 months for lump sum repayment.
- Minimum loan amount of USD 25,000/- or QAR 100,000/-.
- Quick approval and easy documentation.
- Salaried or Self Employed Indian Nationals with valid Qatar residence visa.
- Loans available against NRE INR or FCNR own deposits or 3rd party deposits with Doha Bank India.
Exchange Rate of INR against the loan denominated currency may fluctuate and that the Bank has no control over such fluctuations, and the Customer confirms that he fully understands the consequences that such fluctuations may have an impact on the Customer’s obligations. Customer shall not hold the Bank liable for any losses in such circumstances.
Doha Bank’s retail, commercial and corporate products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.