Rental Income Loans FAQs

Frequently Asked Questions for Rental Loans in Qatar to Qatari Nationals


FAQ’s

  • Repayment period up to 5 years
  • Borrow up to 50% of the rental monthly income
  • Highly competitive interest rates
  • Flexible monthly repayments
  • Lifeguard insurance to protect your loved ones.
  • Qatari National
  • Salary : QAR 3,000
  • Non Salary : QAR 5,000
  • Salary customer : 65 years and less
  • No Salary : 65 years and less
  • Salary : Up to 50% from the rental monthly income ( but not to exceed QR 2,500,000)
  • Non Salary : Up to 30% from the rental monthly income ( but not to exceed QR 2,500,000)
  • Salary : 5 years
  • Non Salary : 5 years
  • The loan process will take an approximate seven working days subject to submission of all required documents.
  • Tenancy contract period
  • Monthly income / salary
  • Yes, life insurance is mandatory and will be insured for the value of the loan at a competitive rate through DBAC to protect your loved ones.

For salaried and non-salaried customers

  • ID copy
  • Salary certificate addressed to Doha Bank
  • 3 months personal bank statement if account with another bank ( rental income should be shown in the statement)
  • Property title deed ( should be register in the customer name)
  • Copy of title deed , map & quotation
  • Original valid rent contract either for government, companies, or individuals
  • Signed and completed application form
  • Undertaking letter
  • Security cheques
  • All rent receivable cheques to be lodged with the Bank
  • Hawalat Al Haq ( wherever its required)
  • Yes, you need to sign security cheques as security to the loan
  • No it’s not necessary as long as you provide us with proof of salary and lodged the receivable cheques with Doha Bank
  • Yes you need to submit all document in original which will be returned to you once verified by the Doha Bank staff
  • Yes, it’s mandatory that all owners should be co-borrowers
  • By clicking here, leave your basic details and Doha Bank representative will contact you shortly.

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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.