Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Mashreq Bank Majestic personal loan Mashreq Bank Majestic personal loan Minimum Salary: QAR 5,000 Salary Transfer: Yes Islamic Finance: No Maximum Term: 4 Years Flat Rate: 3.2% Reducing Rate: 5.99%
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
Apply for a loan of up to 400.000 QAR and Get a guaranteed ipad mini 3

Mashreq Bank Majestic personal loan  Features:
  • Loans of up to QAR 400,000 For expatriates and QAR 2 million for Qataris (expatriates working for a government may get up to QAR 1 million)
  • Platinum Elite Credit Card with great benefits: Cash advance facility, easy cash, gift vouchers worth QAR 5,000, free automobile assistance, Al Maha access at Hamad Airport and much more
  • Free overdraft / salary advance facility
  • Free online remittances and cash withdrawals
  • Salaam Reward points that let you shop for free at leading partners like Sharaf DG, Homes R Us, StarLinks, Joyalukas and many more
 

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 - Personal Loan for Qatari Nationals
Minimum Salary
QAR 10000
Flat Rate
2.5%
Commercial Bank of Qatar - Personal Loan
Minimum Salary
QAR 5000
Flat Rate
2.67%
Doha Bank Personal Loan
Minimum Salary
QAR 5000
Flat Rate
2.19%
HSBC - Personal Loan for Expatriates
Minimum Salary
QAR 15000
Flat Rate
2.77%