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Loans & Funds

Request Home Purchase Funding

  • Fees- QR 3,365
  • Last Updated 11 Jan, 2021
  • Service Type : Information Service
  • Service Mode : Hybrid (Online and Offline)
  • Service Provider : Qatar Development Bank
  • Service Classification : G2C
  • Topic : Housing
Intended Audience
Citizen:Parent, Business Owner, Employee

Description

Qatari citizens are eligible for a home purchase loan of up to QR 1.2 million, by virtue of the regulations of the Housing Department in the Ministry of Administrative Development, Labor, and Social Affairs.

Required Documents 

  • Guarantee from the bank where the client’s salary is deposited
  • Original deed of the property and accompanying plans  
  • Copy of architectural drawings (A01) accredited by Construction Planning
  • Certificate of Construction Completion
  • Bank statement indicating the account number of the property owner
  • 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.

Fees

The finance incurs a fee of 1% distributed over the entire repayment period​​. 

Additional Information

Eligibility Requirements:

  • The property on which the house is situated must not be inferior to the area stipulated by the Ministry of Municipality and Urban Planning.
  • The total area of the building must not be less than 329 sqm.
  • The building must not be older than 10 years based on the date mentioned in the Construction Completion Certificate.
  • Monthly Installment: QR 3,365
  • Defrayment Period: 35 years
  • Collection of installments begins upon receipt of the full amount by the seller.
  • For more information check the service page

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