QATAR INTERNATIONAL ISLAMIC BANK Personal Loan (Consumer Loan)
|Minimum Salary needed||Not mentioned|
|Maximum amount available||Not mentioned|
|Length of Loan||6 Years for Qataris; 4 Years for Expats|
|Profit Rate||2.73% p.a.|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Repayment amounts Up to 50% of the salary transferred to the bank|
|Main Features||Consumer Finance (Automobile, Household goods, residential property, building material, shares etc..)|
QATAR INTERNATIONAL ISLAMIC BANK
Qatar International Islamic Bank, established in 1991, is a full-service bank that has remained committed to Sharia principles while providing a full range of retail and corporate banking solutions for all its clients. The bank has well over 70 ATMs distributed across the state of Qatar as well as 15 branches and office locations in the region. Moreover, the bank also provides 24 hour internet banking support through its banking service, QIIB Connect as well as its other services including telephone and SMS banking. Since its establishment, the bank has been noted to be one of the rapidly growing Islamic bank groups in the Middle East region.
Doha as Qatar’s economic capital does not disappoint especially in terms of attraction. The city has numerous shopping malls including the Souq Waqif and the Doha City Center where one can indulge their every shopping whim. Moreover, the numerous museums located throughout the city bear a great number of antiques that aptly tell of Qatar’s history and culture. It is also home to the Lincoln Center, one of the few places that one can listen to jazz in the region. Interestingly, Doha’s population demographic is largely composed of expatriates with Qatari nationals comprising a minority of the total population in the city.
Personal Loan (Consumer Loan)
The personal loan option offered by Qatar International Islamic Bank features some of the best competitive interest rates in the state of Qatar. With interest rates as low as 2.73%, the bank also offers extended repayment period for both expatriates and Qataris. For Qataris, one gets a repayment period of up to 72 months while for expatriates, one gets a repayment period of up to 48 months. In majority of the personal loan situations, the bank requires that the repayment be made via the customer’s salary. In this case, up to 50% of the salary may be transferred to the bank as repayment.