Green Mortgages

Green Mortgages provide discounts on loan fees or interest rates for homes that are certified as energy-efficient and environment-friendly. One of the best tools for making a dream home more affordable while saving on the cost of power, heating and cooling is the energy-efficient and environment-friendly “Green” Mortgages.


Features

  • Lowest Rate in Qatar, Up to 3.99% interest rate (for the 1st year only)*
  • Up to 20 years payment option
  • 6 months Grace Period with your Green Mortgages
  • FREE Management and Mortgage Fees
  • FREE Property Fire Insurance for the 1st year
  • FREE for Life VISA Infinite / Platinum Card* with up to 2 Supplementary Cards
  • FREE Mortgage Interest Saver Account* @ 1.25% P.A. interest rate up to QAR 2 Million

* QCB rates apply for the remaining tenor
* Minimum Salary Requirement for Platinum Credit Card is QAR 15,000/-
* Minimum Salary Requirement for VISA Infinite Credit Card is QAR 35,000/-

Benefits

  • Green Mortgage promotes environmental consciousness among homeowners
  • Environmentally-friendly homes will have better resale value
  • Attract more customers and create a new market niche
  • Help customers use less energy to lessen their family’s footprint
  • An energy efficient home is cheaper to maintain and has lower monthly utility costs

Eligibility Criteria*

Eligibility Criteria Qataris Expatriates
Maximum loan amount QR 5,000,000 QR 4,000,000
Maximum loan tenure 20 years 20 years
Minimum monthly income QR 15,000 QR 15,000
Maximum age 70 years at maturity of the loan 65 years at maturity of the loan
Minimum Salary Credits 1 Salary credit with Doha Bank 3 Salary credits with Doha Bank

* Other Terms and Conditions Apply

Documents required for Salaried Employees

  • Signed and Completed Application Form
  • Original Qatari ID Card & Passport with Valid Visa (for Expats)
  • Salary Certificate addressed to Doha Bank
  • Last 6 months Original Bank Statements (if Salary is being transferred to another Bank)
  • Liability Letter from Other Bank addressed to Doha Bank (if Loan is being transferred from another Bank)
  • Quotation from Developer / or Preliminary Sale Agreement between Seller and Buyer
  • Copy of Sale Purchase Agreement for Resale cases
  • Air Conditioner – Certificate of Ownership / Invoice – showing the QS SASO 2663/2013 Certification Star Rating of the product
  • Light Bulbs / Lamps – Proof of Purchase / Invoice (showing the Energy Star Rating)
  • Building Plan / Materials – Invoice / Proof of Building Materials being used / that will be used in the construction

Documents required for Self-Employed

  • Signed and Completed Application Form
  • Original Qatari ID Card & Passport with Valid Visa (for Expats)
  • Last 6 months Original Personal Bank Statements
  • Last 12 months Original Business Bank Statements
  • Liability Letter from Other Bank addressed to Doha Bank (if Loan is being transferred from another Bank)
  • Audited Financial Statements of last 2 years
  • Copy of Trade License
  • Copy of Commercial Registration
  • Rental Contract from Government or Private (if Rental Income is being considered)
  • Copy of Sale Purchase Agreement for Resale cases
  • Quotation
  • Air Conditioner – Certificate of Ownership / Invoice – showing the QS SASO 2663/2013 Certification Star Rating of the product
  • Light Bulbs / Lamps – Proof of Purchase / Invoice (showing the Energy Star Rating)
  • Building Plan / Materials – Invoice / Proof of Building Materials being used / that will be used in the construction

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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.