Apply for a Housing Loan
Apply for a Housing Loan today and drive away with a new car as a gift along with a wide range of exceptional free benefits!
Features & Benefits
Interest rate of 6.25% (QCB + 0%).
Up to 12 Months grace period.
Customers are eligible to receive a gift equivalent to 7% of their loan amount, provided in the form of a cheque for the purchase of a car. Alternatively, customers may opt for a 5% cashback on the loan value, which will be credited to their Doha Bank Credit Card upon loan disbursement. The maximum value for either the gift or cashback is capped at QAR 200,000.
Free “Mortgage Fees” of QAR 1,000.
Refund of “Evaluation Fees” up to a maximum of QAR 2,500 upon granting the loan.
Refund of Evaluation Fees paid to MOJ up to a maximum of QAR 1,500.
Free life insurance for the first year.
Free fire insurance for the first year.
Management fees of 1% of the loan amount.
Eligibility Criteria
- Eligibility extends to all Qatari and expatriate customers, both existing and new, who have their salaries transferred to Doha Bank.
Main Terms & Conditions
- This offer is exclusively available for the purchase of new homes, refinancing existing home loans to Doha Bank, or securing financing against the mortgage of a property owned by the customer, provided the property is not the customer’s current residence.
- The minimum tenor of the housing loan is 10 years.
- The minimum loan amount is QAR 1 million.
- To avail the 5% cashback, the customer must apply for a credit card.
- If the loan is repaid (settled) before the end of a 5-year term, the customer is required to return all the free benefits received as part of the offer.
- Original ID for Qataris and Passport for Expatriates.
- New salary certificate (Not exceeding 30 days).
- 6 months stamped bank statement.
- Quotation from property seller or developer.
- Property Title Deed Copy.
- Liability certificate for customers requesting liability transfer.
Examples on the campaign
Qataris:
| Market Value (Purchase Price) |
Forced Sales Value (90% from Market Value) |
Loan Amount (80% from FSV) |
Down Payment | EMI (Equivalent Monthly Instalments) |
||||
|---|---|---|---|---|---|---|---|---|
| 120 Months | 180 Months | 240 Months | 300 Months | 360 Months | ||||
| 2,000,000 | 1,800,000 | 1,440,000 | 560,000 | 16,193 | 12,440 | 10,620 | 9,597 | 8,967 |
| 2,500,000 | 2,250,000 | 1,800,000 | 700,000 | 20,241 | 15,550 | 13,275 | 11,996 | 11,209 |
| 3,000,000 | 2,700,000 | 2,160,000 | 840,000 | 24,290 | 18,660 | 15,930 | 14,396 | 13,451 |
| 3,500,000 | 3,150,000 | 2,520,000 | 980,000 | 28,338 | 21,770 | 18,600 | 16,795 | 15,693 |
| 4,000,000 | 3,600,000 | 2,880,000 | 1,120,000 | 32,386 | 24,880 | 21,241 | 19,194 | 17,935 |
| 4,500,000 | 4,050,000 | 3,240,000 | 1,260,000 | 36,435 | 27,990 | 23,896 | 21,593 | 20,193 |
| 5,000,000 | 4,500,000 | 3,600,000 | 1,400,000 | 40,483 | 31,100 | 26,551 | 23,993 | 22,418 |
| Market Value (Purchase Price) |
Forced Sales Value (90% from Market Value) |
Loan Amount (75% from FSV) |
Down Payment | EMI (Equivalent Monthly Instalments) |
|||
|---|---|---|---|---|---|---|---|
| 120 Months | 180 Months | 240 Months | 300 Months | ||||
| 1,500,000 | 1,350,000 | 1,012,500 | 487,500 | 11,386 | 8,747 | 7,467 | 6,748 |
| 2,000,000 | 1,800,000 | 1,350,000 | 650,000 | 15,181 | 11,662 | 9,957 | 8,997 |
| 2,500,000 | 2,250,000 | 1,687,500 | 812,500 | 18,976 | 14,576 | 12,446 | 11,247 |
| 3,000,000 | 2,700,000 | 2,025,000 | 975,000 | 22,772 | 17,494 | 14,935 | 13,496 |
| 3,500,000 | 3,150,000 | 2,362,500 | 1,137,500 | 26,567 | 20,409 | 17,424 | 15,745 |
- All amounts are quoted in Qatari Riyal.
- The calculations provided are indicative and may be subject to change according to the bank’s policy.
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.
