ARAB BANK House Loan - Qatari
|Minimum Salary needed||Not mentioned|
|Maximum amount available||QR 5500000|
|Length of Loan||20 Years|
|Profit Rate||6% p.a.|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Financing up to up to 70% of the market value of the property;|
|Main Features||Grace period of up to 45 days; Preferential insurance rates; Proof of Down payment; Ownership certificate of the financed property; Property purchase and sales agreement / contract;|
Arab bank is one of the largest banking institutions in the Middle East with its headquarters based in Jerusalem. The bank, which was founded in 1930 is also one of the oldest financial intuitions in the region. Further, it has a number of subsidiary branches throughout the region including Doha in the state of Qatar. The bank is noted for its innovative banking solutions especially its banking packages which are uniquely personalized to suit every individual need. Often quoted as a major player in the growth of Jordan’s economy, the bank has over the years expanded to cover a wide area of some 30 countries in 5 continents.
Qatar’s vibrant capital, Doha, is famed for its unique shopping experience and cultural attractions. One iconic feature is the Museum of Islamic Art which has a unique collection of rare Islamic art gathered from three continents over more than 1400 years. Another feature, the Masheireb Enrichment Centre is an educational portal that proudly displays Qatar’s past as well as its ambitions for the future. This floating barge is located at the AL- Corniche, next to the Sheraton Hotel which is one of Doha’s oldest landmarks. Qatar’s largest city is also home to the state’s biggest petroleum companies which include Ras Gas and Qatar Petroleum.
The house loan
The house loan option for Qataris easily enables Qatar residents to own their own dream home. This particular loan option features great interest rates, a long grace period of 45 days as well as a maximum loan tenure of 20 years for Qatari nationals. This loan option allows one to get up to 70% of the required financing for their property. Moreover, the loan also has preferential insurance rates and quick processing times. Arab bank’s house loan option also features a dedicated sales team that ensures all queries are handled quickly. Salary certificates as well as previous pay slips are some of the documentation required to apply for the loan.