QATAR ISLAMIC BANK Personal Loan - For Qatari
|Minimum Salary needed||QR 5,000|
|Maximum amount available||QR 2 Million|
|Length of Loan||Not mentioned|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||No|
|Eligibility||75% of the Basic Salary and social allowance; Age between 18 - 65; Company must be approved and accredited by QIB; confirmed Employment Status; In case of buyout liability - Liability letter from the bank addressed to QIB & Six months of bank statements|
|Main Features||Shari'a-compliant; Competitive profit rate; Three months grace period; No administration charge; No guarantor required; Quick approval from the first visit; Takaful insurance covers the finance; Ability to buy-out liabilities from other banks|
QATAR ISLAMIC BANK
Qatar Islamic Bank, established in 1982, was known as the first Islamic financial institution in Qatar. Committed to applying the Islamic finance principles, QIB has grown to be the largest Islamic bank in Qatar. Currently, the bank owns a 35% share of the Islamic market in the region and 9% of the total banking sector. QIB has spread its 32 branches strategically across the country with more than 175 ATMs to provide supplementary financial institutions. It has also significantly expanded its operations in the international market through its subsidiary QIB International. In addition, the bank has provided private centers for ladies as well as dedicated lounges for priority customers.
If you are thinking of visiting Doha, then you will soon find that there are plenty of recreational facilities to take engage yourself in. The Doha Sport Centre is one of the best places to visit for all kinds of sports. Moreover, the Doha Golf Club has one of the best golf courses available. Other recreation facilities include Camel Racing at the Al Shahaniya racetrack and visiting the Al Maha Sanctuary to view the splendid Arabian Orynx. Whether it is water sports, fishing or golfing or even a local football game, you can be sure to find a sport or recreational activity to take part in when you are in Doha.
The personal loan option offered by Qatar International Bank (QIB) is a Sharia-compliant program that offers competitive interest rates on loans taken for personal needs. Notably, the loan option features no administrative charges. Clients seeking to take up this loan option need not provide a guarantor as might be required elsewhere. Moreover, the loan’s “Sadad” payment program gives one the ability to buy out loans taken from other banks. All loan payments are simplified and paid in one fixed monthly installment. Qatari nationals between the age of 18 and 65 qualify for the loan with a maximum finance amount of QR 2 Million being provided.