Doha Bank Re-ignites Qatar's Property Market with New Loan Offer at 3.99% with 12 Months Payment Holiday

Dubai, April 13, 2017 – Doha Bank announced the launch of its new retail home loan offer which now features an interest rate of 3.99% for the first year. What makes this offer so irresistible is also the 12 months payment holiday offered to customers with a an option to get up to QAR 20,000 to offset the early settlement fees whenever you are transferring your 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% p.a. interest rate up to QAR 2 million and free for life VISA Infinite or Platinum credit card. The bank will provide loans of up to 70% of property value for Qataris and Expats, with mortgage repayment periods of up to 20 years.

Now is the time to get your Housing Loan from Doha bank.  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. 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 recognizes that the property market is an important element of the Qatar economy. There has been overall stabilization 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.”

Doha Bank Head of Retail Gul Khan added: “Doha Bank’s housing loan is the financing solution that anyone needs to buy the property that they have always dreamed off to call it home. The process for applying is easy and fast and is expedient for anyone searching equally for a great offer and a great service offered by all our housing loan agents.”