ARAB BANK Personal Loan - Qatari
|Minimum Salary needed||Not mentioned|
|Maximum amount available||QR 750000|
|Length of Loan||6 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 ID card for locals (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|
Arab bank is one of the oldest and largest financial institutions in the Middle East. With its headquarters based in Jerusalem, The bank was founded 85 years ago in 1930 with the contributions of only seven investors. Over the years, the bank has expanded to serve many countries. One of the branches includes the Doha branch in the State of Qatar. Currently, the Arab bank has one of the largest coverage areas in the world with over 600 areas spanning 5 continents and 30 countries. Moreover, the bank is noted to be a major economic engine in its home state, Jordan.
The personal loan
The personal loan option offered by Arab Bank provides a convenient, easy way for one to meet their personal financing requirements. The loan option features competitive interest rates as well as a long repayment tenure. The loan option also has its own buy-out facility for loans held by other banks as well as a grace period of up to 45 days. The personal loan option features quick application processing times as well as a dedicated sales team to help clarify any queries one may have regarding the loan option. Application for the loan requires one to have an undertaking letter or salary certificate as well as pay slips for the last three months.
Doha, the heart and soul of Qatar’s economy, is the largest city in the state of Qatar. It also happens to be Qatar’s capital as well as the headquarters of the state’s national airline, Qatar Airways. The city has often been cited as one of the best cities in the Middle East to do business in. Further, the city is noted to be a fast developing city with a number of key projects underway. This includes the development of Lusail City which is located just off the West Bay lagoon and is home to a number of island resorts and luxury shopping facilities. Moreover, the Aspire Zone also known as Doha Sports City is currently in development as well.