Home Loan for Buyout / Balance Transfer

Doha Bank offers you the freedom of transferring your existing Home Loan from your current mortgage lender; which means if you are looking to lower your monthly payments / avail advantage of attractive Doha Bank Buyout offer, you have the option to transfer your existing loan to Doha Bank


Features & Benefits

  • Available for Qatari and Expatriate
  • Competitive interest rates
  • Flexible monthly repayments
  • Plans for self-employed customers
  • Life guard insurance on reducing balance- Monthly
  • Property insurance on valuation price ( Building value) – Yearly

Eligibility Criteria

Eligibility Criteria
Maximum loan amount QR 5,000,000 for Qataris, QR 4,000,000 for Expatriates
Maximum loan tenure 20 years
Minimum monthly income QR 15,000
Maximum age 70 years for Qataris & 65 years for Expatriates at maturity of the loan
Finance amount up to 70%

Documents required for salaried customers

  • Salary certificate addressed to Doha Bank
  • Passport copy for expatriates
  • 6 months bank statement if salary is being transferred from another bank
  • Liability letter addressed to Doha Bank if loan is being transferred from another bank
  • Copy of ID
  • Copy of title deed & map
  • Signed and completed application form
  • Security cheques (for expatriates)

Documents required for self-employed customers

  • Copy of ID, passport copy for expatriates
  • Audited financial statement for last 2 years
  • Liability letter addressed to Doha Bank
  • Copy of commercial registration
  • Copy of title deed & map
  • 12 months business statement
  • 6 months personal bank statement
  • Signed and completed application form
  • Security cheques (for expatriates)

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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.