| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
International Bank of Qatar - Land Mortgage
|
Minimum Salary: QAR 0 | Salary Transfer: No | Early Settlement Fees: No | Maximum Term: 0 Years | Flat Rate: 0.0 | Reducing Rate: 0.0 |
Full support from the foundation up, with ibq land mortgage
Need to buy a land to build your dream house? Apply today for the latest land mortgage from ibq.
Features & Benefits:
- Offer available to ibq Qatari customers only
- Loan Amount starting from QAR 500,000 up to QAR 4,000,000
- 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
