Doha Bank Chief Executive Officer Dr R Seetharaman
Doha Bank announced the launch of its new retail home loan offer which now features an interest rate of 3.99 percent for the first year.
The offer also includes a 12 months payment holiday offered to customers with a an option to get up to QR20,000 to offset the early settlement fees, if they choose to transfer their home loan from another bank to Doha Bank.
With this limited time offer you will also get a free fire insurance for the first year, free management and mortgage fees, free mortgage saver account which pays you 1.25 percent p.a. interest rate up to QR2m and free for life VISA Infinite or Platinum credit card.
The bank will provide loans of up to 70 percent of property value for Qataris and Expats, with mortgage repayment periods of up to 20 years.
The updated home loan offering features 4 product variants for discerning individuals and families. Qatari customers can obtain housing loans for ‘ready to sell properties’ or houses and villas under construction, while expatriates and Qataris can benefit from leasehold and freehold property purchases.
Dr R Seetharaman, Doha Bank group CEO, said: “Our customers’ needs are paramount and we believe in launching products best suited and geared towards their expectations. Doha Bank recognises that the property market is an important element of the Qatar economy. There has been overall stabilisation of the real estate market this year, particularly in retail mortgage properties, and much of this can be attributed to current and future spending on infrastructure works, and reinvigorated real estate development in Qatar.”
