| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Barwa Bank - Construction Finance
|
Minimum Salary: QAR 20,000 | Salary Transfer: No | Early Settlement Fees: Yes | Maximum Term: 0 Years | Flat Rate: 0.0 | Reducing Rate: 0.0 |
DESIGN YOUR DREAM HOME. WE FINANCE IT.
We all dream of building our perfect home. But Barwa Bank is the only bank to make that dream come true. With our unique Home Finance Plan, you can build, furnish and own your dream home, with Shari’ah compliant financing of up to 7.5 million riyals. So stop dreaming, and start building!
Barwa Bank House Finance for Construction is a Shariah compliant product that provides hassle-free solutions for customers to build the home of their dreams.
Features & Benefits:
We all dream of building our perfect home. But Barwa Bank is the only bank to make that dream come true. With our unique Home Finance Plan, you can build, furnish and own your dream home, with Shari’ah compliant financing of up to 7.5 million riyals. So stop dreaming, and start building!
Barwa Bank House Finance for Construction is a Shariah compliant product that provides hassle-free solutions for customers to build the home of their dreams.
Features & Benefits:
- Financing facility for the construction on a pre-owned land or to acquire a land and to have a construction.
- The financing is available to Qatari Nationals and GCC National with residence status in Qatar.
- Finance Amount of up to QR 7.5 million
- Easy Payment Plan
- Low fees and attractive rates linked to Qatar Central Bank rates
- Easy application process, with approval in less than 24 hours after submitting your application and documents
- Fully transparent transaction with low processing fees and no additional charges
- No hidden costs.
- Completed House Finance Application Form
- Copy of ID card for Qatari Nationals
- Copy of ID and Passport for GCC Nationals
- Salary transfer undertaking for salaried individuals
- Copy of CR with signatory card and Article of Association for self-employed.
- 6 month original Bank Statement for new customers only
- Details and documents of the property to be financed
- Feasibility study by project consultant
- Construction/Engineering plans
- Contractor profile (if contractor is proposed by customer)
- Life and Property Takaful Coverage
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
