Hi,
I too wanted to take a personal loan and hence checked with a few banks...
Most of them asked for the following criteria to qualify for a loan
- You must hold a salary account with that bank. If you do not have the sal account with them, u will have to first create it and transfer ur salary there.
- CBQ said your minimum stay period in Doha must be 5 years. Doha Bank mentioned 2 years. So i guess this depends on the bank.
- Interest rate varies from bank to bank and also depends on your employment sector..Govt/semi govt/non govt.
- Minimum salary must be >10,000 QAR as told by almost all banks except HSBC which said >20,000 QAR
- The EMI must not be more than 50% of ur salary (salary here excludes OT and other benefits, includes only basic+travel+acco)
Other conditions like processing fees and pre payment fees needs to be asked with the bank.
Also make sure u ask what kind of interest rate it is...it is a fixed one or floating...generally there will be a considerable difference if the interest rate changes.
Thats all I cud find out abt the loan.
good luck
Hi,
I too wanted to take a personal loan and hence checked with a few banks...
Most of them asked for the following criteria to qualify for a loan
- You must hold a salary account with that bank. If you do not have the sal account with them, u will have to first create it and transfer ur salary there.
- CBQ said your minimum stay period in Doha must be 5 years. Doha Bank mentioned 2 years. So i guess this depends on the bank.
- Interest rate varies from bank to bank and also depends on your employment sector..Govt/semi govt/non govt.
- Minimum salary must be >10,000 QAR as told by almost all banks except HSBC which said >20,000 QAR
- The EMI must not be more than 50% of ur salary (salary here excludes OT and other benefits, includes only basic+travel+acco)
Other conditions like processing fees and pre payment fees needs to be asked with the bank.
Also make sure u ask what kind of interest rate it is...it is a fixed one or floating...generally there will be a considerable difference if the interest rate changes.
Thats all I cud find out abt the loan.
good luck