COMMERCIAL BANK QATAR House Loan
|Minimum Salary needed||Not mentioned|
|Maximum amount available||Not mentioned|
|Length of Loan||20 Years|
|Profit Rate||Loan rate starting from only 4.75%|
|Upfront Fees ( if any )||Not mentioned|
|Main Features||Pay nothing for the first 3 months; Property management services available; Open for salaried and non-salaried borrowers; benefit from our range of life insurance, property insurance and evaluation services|
COMMERCIAL BANK QATAR
The Commercial Bank provides its services in Wholesale, Retail and Investment services. The bank also continues to make strategic investments through its many subsidiaries and associates. The bank’s Wholesale Banking division caters to small medium and large enterprises by providing them with a complete range of traditional banking products and services for both investment and commercial purposes. The services include trade finance, corporate lending, bank guarantees, letters of credit, deposits and syndicated loans. The Retail Banking division caters to the needs of individuals and offers them traditional personal banking products and services. These products and services include mortgage lending, credit and other card services, vehicle loans, personal loans, wealth management services and current & deposit accounts.
The ever growing population of expats who call Doha home have much to celebrate. The new laws allow them to own land in select areas of Doha, which in turn entitles them to special right- a renewable residency permit. This permit allows them to both work and live in Qatar. These new laws have had a positive influence as many expat immigrants move to Qatar every month. The sudden influx of immigrants has not only increased the population exponentially, but also resulted in a sudden shortage of housing. For a short period, Doha also witnessed a sudden surge in rents. This situation has however been bought under control and the gap narrowed down considerably.
House loan may be taken for the construction or purchase of property. The borrower may be a 1st time home owner or an investor looking out for a 2nd home. The Commercial Bank offers different loans based on the applicant’s needs and at an extremely low rate of interest. Experience advisors guide the applicant through the entire process from application of the loan, to selection of the property, to processing the loan and all related paper work to ensure that the applicant availing the loan is able to make informed decisions as and when required. The advisors also provide insights into locales, affordability and valuation of property being considered.