Information Services
Request Home Purchase Funding
- Topics : Religion and Community, Housing
- Audience : Individuals
Qatari citizens are eligible for a home purchase loan of up to QR 1.2 million, by virtue of the regulations of the Housing Department in the Ministry of Administrative Development, Labor, and Social Affairs.
Required Documents
- Guarantee from the bank where the client’s salary is deposited
- Original deed of the property and accompanying plans
- Copy of architectural drawings (A01) accredited by Construction Planning
- Certificate of Construction Completion
- Bank statement indicating the account number of the property owner
- In case of applicant’s death, the following documents should be provided: identification of heirs, authorization by the persons named in the applicant’s identification of heirs, and death certificate.
Fees
The finance incurs a fee of 1% distributed over the entire repayment period.
Additional Information
Eligibility Requirements:
- The property on which the house is situated must not be inferior to the area stipulated by the Ministry of Municipality and Urban Planning.
- The total area of the building must not be less than 329 sqm.
- The building must not be older than 10 years based on the date mentioned in the Construction Completion Certificate.
- Monthly Installment: QR 3,365
- Defrayment Period: 35 years
- Collection of installments begins upon receipt of the full amount by the seller.
- For more information check the service page.
