if you find a tin like this, dont worry. Ill save your time: come to my place, give me the tin and I will provide you with a tin full of nice tomatoes...
Dont worry! I'll manage to get the full money tin and fight with the supermarket for you...
If I got your point, your idea is to get a personal loan in Qatar (same term than your contract) in order to finance the payment of your house in your country.
But:
1) personal loans normally are higher than housing loans. So I think that you can get housing loan lower in your country than a personal loan in Qatar - for instance, I have my housing loan in my country at "Euribor+0,39" - which means something around 5,8% nowadays (puf!) but if I ask for a personal loan the minimum I have found (in my country) is 7,6% (that is the interest of my car loan). So, get a personal loan to finance a house I think is not the best option.
2) you think that in 1-6 years you will be able to pay the whole amount of the house (if it is not fully paid, it will not be at your name in day 1)? How cheap are the houses in your country? or how high is your salary in qatar?
I'd take that tin right back to the shop! the contents o is quite clearly not tomatoes but money! Money would be absolutely no good in my bolognaise sauce nor even as an accompaniment to my cooked breakfast! Its a disgrace supermarkets could 'fool' people like that! Trade descriptions??!!!mmmmm??
Let me double check on the housing loans rate. will get back to you.
Now in taking loans, you have to know your target tenor here in Qatar, it should coincide with the term of your loan. Im referring to a personal loan. The proceeds of which you can use to purchase property in your home country. This is short term from 1-6 years only.Meaning after 1-6 years loan will be fully paid, property in your home country under your name from day 1.
On the other hand if you take a housing loan, you may purchase property here in Qatar. It will come automatically with a 99 year visa. You will be under the sponsorship of your property. This type of loan is secured. Meaning, the property will be used as collateral. Housing loan also offers longer tenor up to 15 years depending on the bank's offer. Meanwhile, you may rent out this villa or flat. It may be sold anytime if you dont wish to stay in Qatar anymore.
Another thing I heard, you dont even need an exit visa to leave the country with this type of arrangement.
... interesting idea, how much is the rate for a house loan here in Qatar?
But it is a quite risky, isnt it? normally loans are long term (nice amount of years) and you cannot leave the country until loan is paid. If you lose your job, or your project finish you can be trapped in Qatar with no job and a loan on your back.
About deposits - we have 6% savings accounts (for limited time, normally the first six months - 3,5% from then) in Spain (ING for instance). Thats pretty much than in Qatar (max. I have seen here is around 2%). If you have found better options, share. It is always nice that your money works for you while you are sleeping.
For expats, its actually easier to get loans here at fair interest rates (actually lower from back home) then invest in purchase of house or lot in your home country.With the nice exchange rate, you'll actualy be paying less. And in no time at all the loan will be fully paid with an investment under your name which you can sell at a profit.
If your interested with TMD(time deposit) I heard IBQ is offering nice rates 6% plus.
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if you find a tin like this, dont worry. Ill save your time: come to my place, give me the tin and I will provide you with a tin full of nice tomatoes...
Dont worry! I'll manage to get the full money tin and fight with the supermarket for you...
;-)
War looking for peace,
is like fornication looking for virginity.
If I got your point, your idea is to get a personal loan in Qatar (same term than your contract) in order to finance the payment of your house in your country.
But:
1) personal loans normally are higher than housing loans. So I think that you can get housing loan lower in your country than a personal loan in Qatar - for instance, I have my housing loan in my country at "Euribor+0,39" - which means something around 5,8% nowadays (puf!) but if I ask for a personal loan the minimum I have found (in my country) is 7,6% (that is the interest of my car loan). So, get a personal loan to finance a house I think is not the best option.
2) you think that in 1-6 years you will be able to pay the whole amount of the house (if it is not fully paid, it will not be at your name in day 1)? How cheap are the houses in your country? or how high is your salary in qatar?
BR,
War looking for peace,
is like fornication looking for virginity.
I'd take that tin right back to the shop! the contents o is quite clearly not tomatoes but money! Money would be absolutely no good in my bolognaise sauce nor even as an accompaniment to my cooked breakfast! Its a disgrace supermarkets could 'fool' people like that! Trade descriptions??!!!mmmmm??
Let me double check on the housing loans rate. will get back to you.
Now in taking loans, you have to know your target tenor here in Qatar, it should coincide with the term of your loan. Im referring to a personal loan. The proceeds of which you can use to purchase property in your home country. This is short term from 1-6 years only.Meaning after 1-6 years loan will be fully paid, property in your home country under your name from day 1.
On the other hand if you take a housing loan, you may purchase property here in Qatar. It will come automatically with a 99 year visa. You will be under the sponsorship of your property. This type of loan is secured. Meaning, the property will be used as collateral. Housing loan also offers longer tenor up to 15 years depending on the bank's offer. Meanwhile, you may rent out this villa or flat. It may be sold anytime if you dont wish to stay in Qatar anymore.
Another thing I heard, you dont even need an exit visa to leave the country with this type of arrangement.
Ciao for now.
... interesting idea, how much is the rate for a house loan here in Qatar?
But it is a quite risky, isnt it? normally loans are long term (nice amount of years) and you cannot leave the country until loan is paid. If you lose your job, or your project finish you can be trapped in Qatar with no job and a loan on your back.
About deposits - we have 6% savings accounts (for limited time, normally the first six months - 3,5% from then) in Spain (ING for instance). Thats pretty much than in Qatar (max. I have seen here is around 2%). If you have found better options, share. It is always nice that your money works for you while you are sleeping.
War looking for peace,
is like fornication looking for virginity.
Good idea, No need to spend money to buy a piggybank also!
For expats, its actually easier to get loans here at fair interest rates (actually lower from back home) then invest in purchase of house or lot in your home country.With the nice exchange rate, you'll actualy be paying less. And in no time at all the loan will be fully paid with an investment under your name which you can sell at a profit.
If your interested with TMD(time deposit) I heard IBQ is offering nice rates 6% plus.
Not at all a good idea..buy the thing you need today becoz tom it will be expensive
War looking for peace,
is like fornication looking for virginity.
Do you actually think that in this high inflation days, anybody actually manages to save?