Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
QIB Personal Finance for Qatari Nationals QIB Personal Finance for Qatari Nationals Minimum Salary: QAR 5,000 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 6 Years Flat Rate: 3.2% Reducing Rate: 6.0%
Apply Online Now
Fill in your details below and a product advisor will call you back with more details.
Some required information is not valid
QIB is proud to introduce a Shari'a-compliant Personal Finance program that helps you in getting what you need or aspire; whether you want to refurbish your home, get married, plan your vacation or any urgent need, our Personal Finance solutions can help you in achieving all your needs.In addition, QIB's payment program "Sadad" gives you the opportunity to buy out your liabilities from other banks, to organize your financial needs and simplify your payment obligations transparently in one fixed installment over an agreed period of time.

QIB Personal Finance for Qatari Nationals Features:
  • Shari'a-compliant.
  • Competitive profit rate.
  • Three months grace period.
  • No administration charge.
  • No guarantor required.
  • Quick approval from the first visit.
  • Fixed monthly installments with fully-transparent service.
  • Takaful insurance covers the finance.
  • Ability to buy-out liabilities from other banks.
  • Direct sales team to serve you around the clock.
  • Minimum salary required - QR 5,000
  • Maximum finance amount - QR 2 Million
  • Minimum finance amount - QR 15,000
  • Maximum Monthly Installment per month - 75% of the Basic Salary and social allowance
Documents Required:
  • Salary certificate.
  • Valid ID for Qataris.
  • In case of buyout liability, the following are required - Liability letter from the bank addressed to QIB.
  • Six months of bank statements.

Representative example:

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
International Bank of Qatar - Personal Loan for Qatari Nationals
Minimum Salary
QAR 10000
Flat Rate
Commercial Bank of Qatar - Personal Loan
Minimum Salary
QAR 5000
Flat Rate
Doha Bank Personal Loan
Minimum Salary
QAR 5000
Flat Rate
HSBC - Personal Loan for Expatriates
Minimum Salary
QAR 15000
Flat Rate