|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|Doha Bank - Housing Loan||Minimum Salary: QAR 15,000||Salary Transfer: Yes||Early Settlement Fees: No||Maximum Term: 20 Years||Flat Rate: 4.39||Reducing Rate: -|
Whether buying a home or building your own, we have the finance to make it happen. Our housing loans are flexible, offering Borrowing up to 70% of the value of the property and loan periods Of up 20 years.
Doha Bank’s new Freehold Property Loan is available to Qataris and Expatriates looking to purchase freehold property.
Features & Benefits:
- Repayment period up to 20 years
- Borrow up to 70% of the property value (LTV)
- Highly competitive interest rates
- Insurance cover for the financed property at preferential rates
- Available to Salaried and Self-Employed individuals
- Available to Self-Employed individuals on attractive terms
** 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.