Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
QNB Home Loan for Expatriates QNB Home Loan for Expatriates Minimum Salary: QAR 15,000 Salary Transfer: Yes Early Settlement Fees: No Maximum Term: 15 Years Flat Rate: 4.75% Reducing Rate: 8.55%
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QNB Home Loan for Expatriates:

-Low interest rates -No management fees -Flexible monthly repayments -Programs for Salaried & Self-Employed Customers -Dedicated mortgage loan center for all mortgage financing services -Maximum loan amount - QR 3,000,000 -Maximum loan tenor - 15 years -Minimum monthly income - QR 15,000

For Salaried customers:

-Salary account at QNB -Signed and completed application form -Original Passport with valid visa -Salary Certificate addressed to QNB (not older than 90 days) -Last six months original personal bank statements (if salary is being transferred to another bank) -Liability letter ddressed to QNB (if loan is being transferred from another bank) -Photocopy of signed Purchase Contract

For Non-Salaried Customers (if income other than salary is being considered):

-Signed and completed application form -Original Passport with valid visa -Last six months original personal bank statements (if salary is being transferred to another bank) -Last 12 months original business bank statements (if account is held by another bank) -Audited financial statements for last 2 years (if available) -Liability letter addressed to QNB (if loan is being transferred from another bank) -Photocopy of signed Purchase Contract -Copy of Commercial Registration

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 flat rate on the product. This is not the 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 on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
International Bank of Qatar - Mortgage for Qatari Nationals
Minimum Salary
QAR 20,000
Reducing Rate
4.75%
International Bank of Qatar - Mortgage for Expatriates
Minimum Salary
QAR 20,000
Reducing Rate
5.75%
Masraf Al Rayan - Home Finance
Minimum Salary
QAR 10,000
Reducing Rate
8.08%
HSBC - Home Loan
Minimum Salary
QAR 15,000
Reducing Rate
11.7%