Home Loan for Readymade Properties

Ready Made Housing Loan is a product for eligible customers who wish to purchase a residential house (villa) or unit (apartment) for individual use to Qataris or any other nationality that could legally own a property in the state of Qatar


Features & Benefits

  • 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
Maximum loan tenure 20 years
Minimum monthly income QR 15,000
Maximum age 70 years at maturity of the loan
Finance amount up to 70%
Customer contribution – Down payment 30%

Documents required for salaried customers

  • Salary certificate addressed to Doha Bank
  • Copy of ID
  • 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 title deed, map & quotation
  • Signed and completed application form
  • Down payment receipt signed by seller
  • Preliminary agreement between seller & buyer

Documents required for self-employed customers

  • Copy of commercial registration
  • Copy of ID
  • Audited financial statement for last 2 years
  • 12 months business statement if account is held by another bank
  • 6 months personal bank statement if account with another bank
  • Liability letter addressed to Doha Bank if loan is being transferred from another bank
  • Preliminary agreement between seller & buyer
  • Signed and completed application form

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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.