Home Loan for Freehold Properties

Free Hold Housing Loan is a product available to Qataris and Expatriates who are seeking to finance the purchase of a house in 3 designated areas defined by the Government (such as The Pearl, West Bay Lagoon, Lusail), wherein the customer will be entitled for a title deed on the property


Features & Benefits

  • Available for Qatari and Expatriate
  • 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
  • Passport copy for expatriates
  • 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 sale purchase Agreement (SPA) for 1st owner in case of resale
  • Copy of ID
  • Notice of assignment only from Land/ UDC/ Sabban
  • Developer’s quotation or copy of title deed & map if applicable
  • Signed and completed application form
  • Down payment receipt
  • Preliminary agreement between seller & buyer
  • Security cheques (for expatriates)
  • Acknowledgement after pre-approval in case of resale

Documents required for self-employed customers

  • Copy of ID, passport copy for expatriates
  • 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
  • Preliminary agreement between seller & buyer in case of resale
  • Security cheques (for expatriates)
  • Down payment receipt

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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.