MASHREQ BANK Home Loan

Minimum Salary needed Not mentioned
Maximum amount available QAR 7.5 million
Length of Loan 20 Years
Profit Rate Qatar Central Bank rate + 1.5%; Pre-payment fee of Nil (Zero) to 1% on the outstanding would be charged in case of early settlement from own funds; Amendment / Re-validation Fee - QAR 500 in case of amendments made after the loan is approved/booked
Upfront Fees ( if any ) Processing fee - 1% on the approved loan amount, or maximum QAR 25,000; Pre-approval fee - QAR 1,000
Eligibility Age 21-60 for expats & 21-65 for Qatari; for self employed age limit 25 to 60-65;
Main Features Life Insurance and Property Insurance are mandatory; we can fund up to 70% as applicable of the evaluated price for selected completed projects as well as under-construction projects;