AL RIYADA Loans
Drive in Luxury and get exclusive benefits!
Take advantage of our special offers exclusive to cars from Bentley
- 0% interest for 2 years.
- 3.99% flat rate (7.4% reducing rate) from 3rd year onwards.
- Complimentary 250,000 DOHA MILES.
- Up to 3 months grace period.
- 5-Year Warranty and 5-Year Service Package.
- Free Car Film Protection.
- Comprehensive car insurance rate of 1.4%.
| Eligibility | Qataris |
|---|---|
| Maximum Loan Amount (including interest) | QR 2,000,000 |
| Repayment Period | 72 months |
*Terms and Conditions apply.
Sample Computation
| Car Value (QR) | Down Payment | Loan Amount (QR) | Tenor (Months) | Approximate Monthly Installment |
|---|---|---|---|---|
| 1,200,000 | 35% | 780,000 | 72 | 14,369 |
Above calculations are indicative and subject to change as per the Bank’s policy.
Document Requirements
- Original QID.
- Salary Certificate.
- Vehicle quotation from Bentley Qatar.
Terms and Conditions
- The minimum loan tenor must be 72 months.
- Customers must be eligible for a Car Loan as per the Bank’s policies.
- DOHA MILES will be processed within 60 days from loan granting date. Customer must sign an undertaking letter.
- Comprehensive car insurance @1.4% is arranged by Bentley Qatar from Arabia Insurance Company and Damaan Islamic Insurance Company (Beema).
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.
Doha Bank offers you a loan on short term basis against your fixed deposit at the lowest rate of interest in Qatar, The features of the PERSONAL LOAN from Doha Bank include:
- One-hour loan processing for complete cases as per Doha Bank Loan Policy.
- Guaranteed minimum interest discount of 50 bps (Basis Points) from rack rate for all salary loans.
- Grace period: 2 loan instalments.
- Repayment: 72 months for Qataris and 48 months for Expat customers.
- Maximum loan: QAR 2 million for Qataris and QAR 400,000 for Expats.
- Minimum loan amounts applicable as per Terms and Conditions.
ELIGIBILITY:
All AL RIYADA customers who fulfil minimum salary transfer criteria are eligible.
DOCUMENTS REQUIRED:
You may apply for a personal loan by producing the following documents:
- Valid ID and passport copy
- Original Salary assignment letter on company letterhead stamped signed by employer
- Other Banks statement if salaries transfer from other bank to DB
- For Expatriates: 3 months statement if only one salary is credited to DB account
- No Objection letter/clearance letter from the other bank
- 6 months statement
- Salary certificate
Apply for Personal Loan
Doha Bank HOUSING LOANS are offered to both Qatari Nationals and Expatriate Residents to buy a new house, to transfer a mortgage from another bank, or even for equity release from property you already own.
Save Money with Your Doha Bank HOUSING LOAN:
- Special rate of 0.5% less than the QCB rate for the first year.
- FREE Mortgage Saver Account @ 1.25% p.a. interest rate up to QAR 2 million.
- 12-month grace period with your home loan.
- Cash back settlement fee of up to QAR 20,000, whenever you transfer your HOUSING LOAN from any other bank to Doha Bank.
- Priority approval for AL RIYADA customers.
- FREE property fire insurance for the first year.
- FREE management and mortgage fees.
- FREE for life VISA Infinite credit card.
- FREE 20,000 DOHA MILES with your VISA Infinite credit card.
- Diversified investment opportunities in properties in world class city locations such as London, Edinburgh, Glasgow and Manchester.
Doha Bank HOUSING LOAN Features:
- Salaried or self- employed individuals.
- Long repayment period up to 20 years.
- Borrow up to 70% of the property value (LTV).
- Completed or under construction properties for Qataris.
- Freehold and leasehold completed properties for Qatari Expats.
- Wide network of approved developers.
- Priority loan approval and quick processing.
ELIGIBILITY
All AL RIYADA customers who fulfil minimum salary transfer criteria are eligible.
More Details about Housing Loan
Apply for Housing Loan
You can get a loan or an overdraft against your deposits starting with QAR 25,000 and up to 90% of your deposit amount and still enjoy interest earned on your deposits. This is available against your Fixed Deposit, Upfront Deposit, Smart Saver & AL DANA Savings account. Earn interest from your deposit while having access to funds at all times.
ELIGIBILITY:
BBoth Nationals and Expats can utilize this facility. To be eligible, applicants must be valid residents of Qatar, holding a deposit facility with Doha Bank and of ages 18 years and above.
DOCUMENTS REQUIRED:
You may apply for loan/overdraft facility, by bringing your original valid QID and passport at any Doha Bank Branch.
More Details about Loans and Overdrafts against Deposits
Apply for Loans and Overdrafts against Deposits
Note:
Doha Bank’s retail, commercial and corporate products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.