Home Loan for Under Constructions Properties

Under Construction Housing Loan is a product for Qataris who are seeking to finance building their own home


Features & Benefits

  • Available for Qatari Customers
  • Finance up to 100% of the construction cost ( Subject that the amount will not exceed 70% of the land value)
  • Competitive interest rates
  • Flexible monthly repayments
  • Plans for self-employed customers
  • Life guard insurance on reducing balance- Monthly
  • Property insurance on valuation price (Building value) – Yearly

Eligibility Criteria

Eligibility Criteria Qataris Expats
Maximum Loan Amount – QAR 5,000,000 4,000,000
Maximum Loan Tenure – Years 30 25
Maximum Age at Maturity – Years 75 65
Maximum Finance Amount
(from the forces sales value )
80% 75%
Maximum DSR ( Debt Service Ratio) 75% from ( Basic + Social allowance ) 50% from total gross salary

Documents required for salaried customers

  • Salary certificate addressed to Doha Bank
  • 6 months bank statement if salary is being transferred from another bank
  • Liability letter addressed to Doha Bank if loan is being transferred from another bank
  • Copy of title deed and map
  • Copy of ID
  • Signed and completed application form
  • Construction contract and construction schedule
  • Construction company profile

Documents required for self-employed customers

  • Copy of ID
  • Audited financial statement for last 2 years
  • Liability letter addressed to Doha Bank if loan is being transferred from another bank
  • Copy of commercial registration
  • 12 months business statement if account is held by another bank
  • 6 months personal bank statement if account with another bank
  • Signed and completed application form
  • Construction contract and construction schedule along with construction company profile

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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.