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Loans & Funds

Request Demolition and Reconstruction Funding from Qatar Development Bank

  • Fees- QR 2,857
  • Last Updated 16 Nov, 2021
  • Service Type : Offline Service
  • Service Mode : Offline
  • Service Provider : Qatar Development Bank
  • Service Classification : G2C
  • Topic : Housing
Intended Audience
Citizen: Parent, Business Owner, Employee

Service Description

A loan of up to QR 1.2 million can be provided to a Qatari national, as per the regulations of the Department of Housing in the Ministry of Administrative Development, Labor, and Social Affairs, for the purpose of demolishing and rebuilding the current residence. The property does not necessarily have to be subject to Land Management.

Offline Instructions

  • Download and fill out the application form.
  • Attach the following documents:
    • Copy of Personal ID Card
    • Original deed of the property and accompanying plans
    • Guarantee from the bank where the client’s salary is deposited
    • Certificate of Electrical Disconnection
    • An undated warranty check to the order of QDB in the amount of the down payment (warranty amount of QR 150,000)
    • In case of applicant’s death, the following documents should be provided: identification of heirs, authorization by the persons named in the applicant’s identification of heirs, and death certificate.
  • Submit the application to Qatar Development Bank.

Method of Reimbursement

  • Monthly Installment: QR 2,857
  • Defrayment Period: 35 years
  • Grace Period: 2 years
  • Furnishing Grant: The citizen is eligible for it.
  • Exemption in case of the applicant’s death: None
  • Collection of installments begins either after two years from the date of conclusion of the contract, or upon receipt of the full amount by the property owner, whichever is earlier.

Fees

There are no administrative fees on the loan.

Additional Information


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