| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Doha Bank Loan Against Deposit
|
Minimum Salary: QAR 0 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 0 Years | Flat Rate: 0.0% | Reducing Rate: 0.0% |
*Personal Loan overdraft against deposit offers customer the convenience to borrow funds against their deposits with this facility, The customer can avail a loan/overdraft against his deposit any time within the maturity of the deposit. Customers can enjoy earnings interest on their deposits while have access to funds at all times.
Interest :
Maximum Loan Amount :
Customers holding Deposit facility with Doha Bank.
Documents Required :
From the Customer
Interest :
- Loans available against: − Fixed deposits − Upfront Deposit − Smart Saver Deposit − Al Dana Savings Account
- Up to 90% of the deposit amount can be borrowed
- Earn interest in addition to access to funds at all times
- Minimum 3 Months
- Maximum
Maximum Loan Amount :
- Minimum Loan − QAR 25,000;
- Maximum Loan − 90% of the Deposit Amount / Available funds
Customers holding Deposit facility with Doha Bank.
Documents Required :
From the Customer
- Valid ID and passport copy
- Loan application
- Copy of loan calculation
- Deposit under lien form
- Residency − Both Nationals and Expatriates can avail this facility − Valid residents of Qatar − Holding deposit facility with Doha Bank
- Age 18-65 years
- Minimum deposit of QAR 25,000
** 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
