Home Finance
QIB’s innovative Home Finance program enables you to realize the opportunity to own your dream home through a Shari’a-compliant finance package.
Promotion
We are pleased to present an ideal offer for your ideal home.
- Available for Qatari citizens and Residents
- Offer starting from 5.95% reducing rate
- 12-month grace period
- Get a complimentary Life Takaful coverage
- Customers will only pay a nominal feasibility fee and there will be no separate charge for the property mortgage, or any property evaluation fees
- QIB’s Home Finance offer covers up to 80% of the property’s value and offers a repayment period of up to 30 years.
Available for salaried customers and new customers who wish to move their home finance liability from another bank.
Features and Benefits
- Takaful insurance for the finance
- Repayment period up to 15 years for Expats and 20 years for Locals
- Attractive profit rates
- Financing up to 70% of the property’s value
- Shari’a-compliant
- No guarantor required
- Fixed monthly installments with transparent service
- Ability to pay other finances concurrently
- 24-hour sales team and customer service
- Available for approved companies only
Conditions/Eligibility
| Eligibility | Qatari National | Resident | Non Resident |
|---|---|---|---|
| Down payment required | Starting from 20% Down Payment | 25% Down Payment | Starting form 40% Down Payment |
| Minimum Salary | QAR 10,000 | QAR 20,000 | – |
| Maximum Monthly Installment per month | 75% of the Basic Salary and social allowance | 50% of the total Salary | – |
| Age between | 18 – 66 | 21 – 60 | 21-60 |
| Employment Status | Confirmed | Confirmed | Confirmed |
Required Documents
- Salary certificate
- Valid ID for Qataris; residency permit and passport for expats
- Evaluation of the property through two companies accredited by QIB, and the subsequent reports
- If there are payment resources available other than the applicant’s salary, documents need to be provided
- Proof of ownership
- Copy of the map
Documents required for non-residents
- Income documents need to be provided
- Proof of ownership
- Copy of the map
- Proof of residential address in other country
- Evaluation of the property through two companies accredited by QIB
Apply Now
- Visit your nearest branch
- Click here to apply
- Call us at 44448444
