Complex Made Simple

Doha Bank launches new offers for Qataris and Expats

Value-packed scheme allows customers to consolidate their payments into one plan to benefit from lower overall installment

This summer, Doha Bank is offering customers around Qatar the opportunity to avail customized personal loans at the most competitive interest rates in the market.

Available to all Doha Bank salary transfer customers, the personal loan scheme offers higher eligibility and lower EMIs and allows customers to personalize their loans according to their needs and EMI appetite.

The exclusive summer promotion from Doha Bank also enables customers to consolidate their payments into one plan and thus benefit from a lower overall installment, and further offers a wide array of perks and benefits, making it a truly irresistible proposition for Qataris and expats alike.

Expats can receive a maximum loan amount of QAR 350,000 for tenures up to 4 years under the scheme, at flat annual interest rates starting from just 2.43%. A loan of QAR 350,000 comes at a monthly installment of just QAR 8,000 for the 48-month period, and expats wanting to borrow smaller amounts can choose from denominations of QAR 200,000 and QAR 100,000, to be paid back in EMIs of QAR 4,575and QAR 2,285 respectively over a similar 48-month period.

Qatari nationals, on the other hand, can avail a maximum loan amount of up to QAR 1,750,000 at flat annual interest rates of 2.19% onwards and repayment periods of up to 6 years. For customers availing the maximum loan amount of QAR 1,750,000, this means they only need to pay QAR 27,500 as monthly installment over a 72-month period. Qataris can also avail loans for amounts of QAR 1,500,000, QAR 1,000,000 and QAR 500,000 at attractive EMIs of QAR 23,575, QAR 15,715 and QAR 7,860 respectively over a six-year period.

Commenting on the promotion, Dr. R. Seetharaman, Group CEO of Doha Bank, said, “Doha Bank’s personal loan promotion is designed with extremely competitive interest rates and low EMIs. The promotion is in line with Doha Bank’s efforts to bring unmatched value and benefits to customers across our entire product range, and puts greater power in the hands of the customer by offering them the ability to tailor their loans based on their needs and decide the settlement plans.”

Mr. Suresh Bajpai, the Head of Retail banking at Doha Bank said: “Our personal loan scheme also allows customers to take loans on short term basis against their fixed deposit with Doha Bank, allowing them to fulfill their financial requirements while earning handsome returns.”

He added: “Also, customers who apply now for a personal loan from Doha Bank will get the free for life VISA Platinum credit card and benefit from the most generous loyalty programme, discount schemes and 0% installment plans. Also this summer you will benefit with Doha Bank credit cards from mighty 10% cash back at Qatar Duty Free, 5% cash Bank on overseas spending and one of hundred travel vouchers worth QAR 1000 each. The travel voucher will allow cardholders to save QAR 1,000 on their next Qatar Airways ticket booking.”

Customers choosing to avail Doha Bank’s personal loans can take advantage of an extensive range of benefits including fast account opening and loan approvals, flexible loan entitlements, convenient installment deferment facilities that allow for postponement of up to 2 loan installments every year.