Qard Hasan for Retirees
A Special Financing Solution for Pensioners
Qard Hasan for Retirees is a profit-free financing solution designed exclusively to support retirees in managing their financial needs with ease and flexibility. Developed in collaboration with the General Retirement and Social Insurance Authority (GRISA).
Key Features
- Profit-Free Financing: No profit or additional charges.
- Flexible Financing Amount: Get up to five times your monthly pension, with a minimum amount of QAR 10,000 and a maximum of QAR 300,000.
- Convenient Repayment Terms: Financing tenure of up to 60 months (5 years).
- No Takaful Insurance Required: Making the process easier and more accessible.
- Lifetime Limit: Eligible customers can apply for Qard Hasan up to two times in their lifetime.
- Maximum DBR is 25%
Eligibility Criteria
- The applicant must be a pensioner registered with GRISA.
- Financing amount is based on the monthly pension.
- The applicant must meet QIB’s standard financing requirements.
Required Documents
- Completed Qard Hasan application form
- Retirement Pension certificate issued by GRISA
- Valid Qatar ID (QID)
How to Apply
Eligible pensioners can apply for Qard Hasan through:
- Visiting any QIB branch.
