The First of It’s Kind in Qatar
Based on encouraging statistics from educational institutions in Qatar Doha Bank has come up with the Educational loan.
- Repayment period up to 24 months.
- Loans will be granted against salary transfer to Doha Bank.
- No guarantors for both Qataris and Non Qataris.
- Facilities from Kintergarden to High School to Univiersities.
Interest Calculation (APR):
- Commencing from the Loan Date, interest shall accrue on the Loan on a daily basis at the relevant Interest Rate and will be capitalized to the Loan Amount at the end of each month.
- Interest will be calculated as per following formulae. The Daily Balance of the Loan X Total Annual Rate X (1/360)
- Every payment made after the due date will result in additional interest accrual on loan
- Where a Grace Period applies or where the Customer is granted a postponement in respect of an installment, interest on the relevant Loan shall continue to accrue and will be capitalized to the Loan Amount at the end of each relevant month.