Hello, i´m working in Doha since last month (April), but i need a urgently personal loan for some expenses, about QAR 150.000, my salary is QAR9000+QAR5000 house allowance. Is possible? What the best bank for that? Thanks
Be wary. Taking a large loan in comparison to your monthly salary puts you at risk. What if you get terminated ? What if you have to come up with urgent expenses ?
I agree with Yacine, most banks would require you to have your monthly salary credited to your account for 6 months before you could avail of a loan. The banks will say that's a new rule. Honestly, I do not think you can get an initial loan of QAR150,000 based on your salary. They will give you an initial loan based on their calculations and then they will tell you that you can re-apply for an additional one later on. That's their usual line.
Most banks will require 6 months not 3 months, unless you can provide a letter stating that you successfully passed your probationary period after 3 months. As for how much you will get, you can definitely get more than 10 times your salary. The calculation method is based on your salary and the number of instalments.
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Ok. Thanks
Be wary. Taking a large loan in comparison to your monthly salary puts you at risk. What if you get terminated ? What if you have to come up with urgent expenses ?
I agree with Yacine, most banks would require you to have your monthly salary credited to your account for 6 months before you could avail of a loan. The banks will say that's a new rule. Honestly, I do not think you can get an initial loan of QAR150,000 based on your salary. They will give you an initial loan based on their calculations and then they will tell you that you can re-apply for an additional one later on. That's their usual line.
Thanks
Most of them are good. I know that Qatar Islamic Bank is excellent but I have no idea about convential banks.
And the bank, wich is better?
Most banks will require 6 months not 3 months, unless you can provide a letter stating that you successfully passed your probationary period after 3 months. As for how much you will get, you can definitely get more than 10 times your salary. The calculation method is based on your salary and the number of instalments.
but is possible right? or need work 3 months? what the best bank for that?
14000 X 10 = 140,000 ..
I can get maximum of 10 times only, what you mean? i didn´t understand. thanks
I can get maximum of 10 times only, what you mean? i didn´t understand. thanks
Amost of the banks check for 3 months salary credit. you can get maximum of 10 times only