| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Ahli Bank - Personal Loan for Expatriates
|
Minimum Salary: QAR 6,000 | Salary Transfer: Yes | Islamic Finance: No | Maximum Term: 4 Years | Flat Rate: 2.56% | Reducing Rate: 4.75% |
Introductory offer:
The cards that is ideally suited for the frequent traveler to manage your busy life by providing luxury privileges and benefitsAhliBank Personal Loan for
Features & Benefits:
If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
The cards that is ideally suited for the frequent traveler to manage your busy life by providing luxury privileges and benefitsAhliBank Personal Loan for
Features & Benefits:
- Fixed monthly repayments
- Top up an existing Ahlibank loan
- Buyout loans held with other banks in Qatar
- Above 21 years of age at the time of application and not older than 60 years at the time the facility matures.
- Earn a minimum monthly salary of QAR 6,000 assigned to your Ahlibank account
- Maximum monthly payments not to exceed 50% of total monthly salary
- Valid Qatar ID Card
- Passport with valid resident permit
- Salary certificate/salary assignment letter from your employer
- End of Service (EOS) assignment letter from your employer
- Liability letter from your existing bank titled to Ahlibank and 3 months bank statements (for buyout cases only)
- Post dated security cheques for the amount borrowed
- Borrow up to QAR 400,000 (including interest) for aa maximum term of 48 months. For government employees borrow up to QAR 1M, subject to End of Service (EOS) Reserve and assignment letter from your employer
If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
** 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
