Home Construction Funding
Example:

A loan of up to 1.2 million QR granted to a Qatari national as per regulations issued by the Department of Housing in the Ministry of Social Affairs.


Administrative Fees The loan incurs a fee of 210,500 QR only (total amount).
Monthly Installment 3,365 QR
Defrayment Period 35 years.
Collection of Installments Two years after signing the loan agreement, or upon receipt of the full amount, whichever is earlier.
Property Grant The customer is entitled to a property grant of 50,000 QR to be disbursed by the Ministry of Finance upon written request from the Department of Housing.


Required Documents:
  • Original land deed of property, and accompanying plans.
  • Guarantee from the bank in which the customer deposits his or her wages.
  • An undated warranty check in the amount of the down payment (warranty amount of 150,000 QR) made out to QDB.


In case of death:
  • Identification of Heirs.
  • Authorization by the persons whose names are listed in the Identification of Heirs of the applicant.
  • Death certificate.