| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
International Bank of Qatar - Equity Release
|
Minimum Salary: QAR 0 | Salary Transfer: No | Early Settlement Fees: No | Maximum Term: 0 Years | Flat Rate: 0.0 | Reducing Rate: 0.0 |
Release up to 70% of your house value
Apply for the latest properties equity release from ibq and receive up to 70% of your house value in cash:
Apply for the latest properties equity release from ibq and receive up to 70% of your house value in cash:
- Offer available to all ibq customers; Qataris and expatriates
- Up to QAR 4,000,000 for Qataris and QAR 3,000,000 for expatriates
- Granted on constructed property only
- Up to 15 years of loan repayment 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.
Representative Example Calculator
