QIB Announces Competitive Home Finance Offer

Sep 01, 2020 by Qanect

Exclusive Home Finance program with an extensive range of benefits to support citizens in purchasing their homes.

Qatar Islamic Bank (QIB) is pleased to announce the launch of an exclusive Home Finance offer, in line with its commitment to providing the best and most competitive offers in the market for its customers.

Whether customers want to buy a new home or a land, the new Home Finance offer allows Qatari citizens to benefit from reduced profit rates, extended grace period and waived fees when purchasing their home through QIB’s Shari’a compliant Home Finance program.

The offer is valid for a short period of time. During this period, salaried Qatari customers will benefit from competitive home finance profit rates starting from reducing rate of 4.5% p.a., inclusive of   Life Takaful coverage. Customers applying for QIB’s Home Finance will also be eligible for the 12 months’ repayment grace period allowing them to own their home today and start paying the installments after one year.

Furthermore, during the campaign period, 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 70% of the property’s value and offers a repayment period of up to 20 years.

Commenting on the new promotion, Mr. D. Anand, QIB’s General Manager – Personal Banking Group said: “QIB has established itself as one of the leading Banks in Qatar by following a customer centric approach in everything it does. In collaboration with leading real estate developers in Qatar, we are providing to our customers a comprehensive solution granting them access to exclusive packages that respond to all their needs and cover their plans to purchase their desired homes in Qatar.”

Customers can submit their request to apply for home finance through QIB’s website and a QIB representative will contact them for further information. For any further assistance, customers can call QIB’s 24/7 call center at 44448444, or visit their nearest QIB branch to find out more about eligibility, benefits and the application process.

For more information, please visit www.qib.com.qa