ARAB BANK Personal Loan - Expat
|Minimum Salary needed||Not mentioned|
|Maximum amount available||QR 350000|
|Length of Loan||4 Years|
|Profit Rate||6% p.a.|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Undertaking letter (salary certificate); Last three months' pay slips; Last six months statement (for non-account holders); Copy of Passport with valid RP for expatriate (Original must be presented)|
|Main Features||Flexible repayment options; Loans buy–out facility; Grace Period of up to 45 days; Quick loan application processing time|
The Arab bank is one of the major economic engines in Jordan. The bank which is also one of the largest financial institutions in the Middle East has the largest coverage among all Arab banks in the Middle East. This includes 600 branches in 30 countries including Qatar. To date, the bank has upheld its core values to drive the socio-economic development of the Middle East region. This is evident through the extensive investments made by the bank into various industries in different Arab economies. Its commitment to being the best bank in the region has been rewarded via various financial awards from leading financial magazines including Arabian business and Euromoney.
The Arab bank personal loan option provides a great convenient way through which one can access financing to meet their personal needs. The loan option provides loans at very competitive interest rates with convenient payment tenure. Loan amounts are limit to a maximum of QAR 360,000 with a grace period of 45 days. The loan option also features a loan buy-out facility enabling one to buy out loans held by other banks in Qatar. Some of the documents required to apply for this loan include a salary certificate, one’s pay slips for the last three months as well as identification documents.
Doha is home to much more than just the headquarters of many of Qatar’s national banks. Within the city limits, one will find the 250-hectare sports dedicated facility i.e. the Aspire Zone that is located close to the Venetian-themed shopping mall, the Villagio. Located on Al Waab street, the Villagio is home to a number of luxury Italian shopping brands as well as the Gondolania Theme Park, an indoor theme park within the mall. The Education City which was established to drive research and education in the country is also located in Doha. The City is one of the initiatives in development made possible by the Qatar Foundation.