AL AHLI BANK Personal Loan - For Expat
|Minimum Salary needed||QAR 6,000|
|Maximum amount available||QAR 400,000 (including interest); For government employees borrow up to QAR 1M , subject to End of Service (EOS) Reserve and assignment letter from your employer|
|Length of Loan||4 Years|
|Profit Rate||3% to 6%|
|Upfront Fees ( if any )||No|
|Eligibility||Salary assigned to your Ahlibank account; Above 21 years of age at the time of application and not older than 60 years at the time the facility matures; Maximum monthly payments not to exceed 50% of total monthly salary; Post dated security cheques for the amount borrowed; Liability letter from your existing bank titled to Ahlibank and 3 months bank statements (for buyout cases only);|
|Main Features||Free Processing fee, Early settlement fee, Partial settlement fee, Top-up fee, Rescheduling fee; Installment deferment fee QAR 50 per deferment; Life insurance cover 0.05% of the total outstanding loan amount; Late payment fee QAR 100 per installment ; Liability/No liability letter QAR 25 per letter|
AL AHLI BANK
Since inception in 1983, the Al Ahli Bank has continued to bank on its traditional qualities and values. The bank has a network of sixteen branches and about sixty ATMs in Qatar. The range of services being offered by the bank includes Brokerage and Investment services, Corporate Banking, Private banking and Retail Banking- in short a complete banking experience. The bank has adopted modern banking practices with ease. The seamless integration of its core traditional values with modern banking practices including e-banking has resulted in a substantial increase in client base. This has lead to a positive growth for the bank in all its areas of operation.
Doha is not only Qatar’s largest city but also its capital. The administrative seat of the nation, Doha has much to be proud of. Doha hosted the WTO’s 1st ministerial level negotiations of the Doha Development Round. The city is not only Qatar’s economic centre but also its educational centre. Perhaps this can be attributed to the fact that a majority of the country’s population (more than 60%) resides either in Doha or its suburbs. The Education City, an area exclusively set aside for education and research is a highlight of this coastal city located in the Persian Gulf.
Personal Loan - For Expat
Personal loan from Al Ahli bank can be used towards expenses like education, vacations, medical requirements, travel, home improvement and purchase of household goods. Expats are eligible for a loan of up to QAR 400,000 including interest due on the loan. Other features include a loan term of maximum 48 months and fixed monthly repayments. The loan can be used to top up an existing loan with the bank or to buy out loans held with other banks in Qatar. Eligible expats should be within 21 to 60 years of age and earn a minimum monthly salary of QAR 6,000. The monthly payment due to the bank cannot exceed 50 per cent of the total monthly salary.