Fast Cash Installment Plan – Doha Bank Credit Cards

Now, getting cash is even easier! And fast too!

Using Fast Cash Installment program on your credit card, we can transfer 75% of your credit card’s available limit to your account without any documentation and without any transfer fee.

This will allow you to fulfill your short-term borrowing need to easily transfer your credit cards’ available limit to your Doha Bank account and pay back in 6 /12 months installment plan at 0.75% interest per month and without any processing fee or prepayment penalty.

To avail the service, call Doha Bank Call Centre at +974 44456000 to convert your available limit into cash. You will be notified via SMS on booking the Fast Cash transaction.

Features

• Fast and easy, no documentation and ready in 7 working days.
• No processing / transfer fee.
• No early cancellation fee.
• Flexible monthly instalment plans; 6-month or 12-month.

Eligibility Criteria

• Maximum 75% of your available credit card limit can be availed.
• Minimum eligible amount QAR 3,000 and above.
• Available on your Doha Bank credit card.

Terms & Conditions

1. Interest rate of 0.75% per month (9% annually) on the outstanding balance will be applied. The Fast Cash Instalment Facility shall be repayable in 6 or 12 equal monthly instalments (“EMI”).
2. Cardholder can apply for maximum of 1 Fast Cash transaction in every 6 months.
3. If a cardholder wants to apply for a 2^nd Fast Cash facility, he / she will only be eligible if at least 6 monthly installments of the previous Fast Cash facility have been paid.
4. The credit limit on the Doha Bank Credit Card will be blocked by the amount of the Fast Cash. An amount equal to the EMI paid will be released every month.
5. The EMI will be included in the monthly credit card statement of account as the “minimum amount due”. In the event that the customer fails to make payment of this “minimum amount due”, the credit card shall be charged with interest on the unpaid balance at the applicable rate in accordance with the credit card terms and conditions.
6. If the cardholder decides to cancel the installment program before all the monthly installments are charged, all future installments shall fall due immediately and this will be reflected in the next credit card statement.
7. If the credit card account is closed by the customer or the Bank before all EMI have been charged, then all of the future EMI shall be accelerated and debited to the final credit card Statement of Account.
8. The minimum amount / transaction available from the Bank under Fast Cash is QAR 3,000.
9. This Fast Cash will be made available at the sole and absolute discretion of the Bank to selected credit card members.
10. These terms and conditions are in addition to and supplementary to the terms and conditions applicable to all credit card accounts as contained in the credit card Agreement.