Lowest mortgage interest rate in Qatar, 12-month grace period, fee waivers, complimentary property fire insurance coverage, and cash back rewards are on offer
Stepping up its efforts to help customers turn their dream of owning a house in the country, Doha Bank, one of the largest private commercial banks in Qatar, has announced the launch of its new Housing Loan Campaign. The exciting promotion features attractive rates of interest and longer tenure, in addition to fee waivers and special rewards and benefits.
Launched as part of Doha Bank’s 40th-anniversary celebrations, the Housing Loan Campaign offers loans with the lowest rate of interest available in Qatar. The Bank’s customers can take advantage of home loans at a rate of 3.49% p.a. for the first year – much lower than the previous 3.99% rate.
Delivering on its promise to provide customers with easier and more convenient banking products and services, Doha Bank will offer a 12-month grace period to enable flexible repayments of the mortgage as part of the campaign.
Doha Bank will also waive management, mortgage, and property evaluation fees, in addition to providing complimentary property fire insurance coverage for the first year of home ownership. Furthermore, as an added benefit, the Bank will give away up to QAR 10,000 in cash back rewards for early settlements on buyout loans.
Dr. R. Seetharaman, Group CEO of Doha Bank, said: “With our customers being at the heart of our products and services, supporting their financial needs and aspirations has remained the top most priority for us at Doha Bank. The first-of-its-kind mortgage promotion on offer represents our commitment to creating life-changing opportunities and rewarding banking experiences for our loyal customers. As we mark the 40th anniversary of our successful journey, we renew our resolve to further enrich our world-class products and services to reinforce our position as the people’s bank.”