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Bank loans in Qatar

Priscilla

Hello,

Finances and banking can sometimes be a headache for many °µÍø½ûÇøs, especially when it comes to taking out bank loans.

Is it difficult for an °µÍø½ûÇø to get approved for a bank loan in Qatar?

What are the types of bank loans available for °µÍø½ûÇøs (mortgage/bonds; business loans; car loans; personal loans; student loans)?

What are the general conditions for °µÍø½ûÇøs to take out bank loans (interest rates; timeframe to repay loans, etc.)?

Which bank in Qatar is the most popular or accessible for °µÍø½ûÇøs regarding loans?

Would you normally require the services of an accounts manager at the bank in order to facilitate the process of taking out a loan? Is this service free of charge?

What would happen in the case of an unpaid loan if you have to repatriate back to your home country or move somewhere else?

Are there any other options for loans aside from the bank in Qatar, such as taking out a loan from your bank in your home country, or other types of companies not affiliated with banks, that give out loans?

Thank you for sharing your experience.

Priscilla

See also

Opening a bank account in QatarReceiving moneyPayment methods in QatarBank account with tourist visawhich bank?
Tonio1971

Hi Priscilla,

Thank you for the information. Which is a recommended bank, I've heard QNB for ex pats.

amanjafar25

Bank loans not so easy for °µÍø½ûÇøs even RP link to bank account. Even minimum balance for open account fixed as  QAR5000/-If got loan, interest will be cheaper and EMI also avail to complete the option.

Eyramb

With my experience the best bank is Doha bank it’s very flexible to get personal and car loan with less interest
Ones all ur documents are ready u get in less than 3 days and maximum notification in case you want to postpone payment it’s no hustle
I recommend u visit any of their nearest branch or contact their friendly customer service 44456000 for assistance
Thanks

Clement Ndahi Kabui

I dont think its possible.According to my own understanding I think before a bank gives you a loan there are certain factors that must be put in consideration e.g you must have a bank account and it must have opperated with a certain period,how do you make your deposits n withdraws,your salary etc and that makes it so difficult for °µÍø½ûÇøs mostly low salary earners

Dookhy

i had not issues getting a loan with Barwa bank actually when i needed a second loan they were more than happy to oblige. Before when i transferred my account to them they were offering some incentives for newly joined but it is over now. if you need a contact who will do everything for you till the last minute i can forward you the details
jamal

Dookhy

i had no issues getting a loan with Barwa bank actually when i needed a second loan they were more than happy to oblige. Before when i transferred my account to them they were offering some incentives for newly joined but it is over now. if you need a contact who will do everything for you till the last minute i can forward you the details
jamal

Tonio1971

Good afternoon,
Thanks for the information!

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Cypian

Hi ,In Doha we dont get loan from any bank  if the salary is less then 6000 QR