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direct lending

BRIEF ABOUT THE SERVICE

QDB Direct Lending offers you a simple and competitive option to finance your business idea or existing company. Your project should be in any of the manufacturing, education, healthcare, services, agriculture, livestock and fisheries sectors.​

     

    Services Sector:

    QDB provides financing solutions to startups and existing companies that offerservices to the market.

     

    Education Sector:

    QDB provides financing solutions to startups and existing companies in the education sector for the purpose of building or expanding buildings, and financing machinery and equipment required for education purposes.

     

    Healthcare Sector:

    QDB provides financing solutions to startups and existing companies in the healthcare sector for the purpose of building or expanding schools and financing the required machinery and equipment.

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    Industry Sector:

    QDB works to support entrepreneurs investing in the industrial sector by financing existing or under construction plants.

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    ​Advantages of Direct Lending:

    - Financing up to 60% of the total value of the project.

    - Financing up to 80% of the value of equipment and m​achinery (excluding buildings)

    - The maximum tenor period is 15 years, with a maximum grace period of 3 years

    - Profit rate up to 5% maximum.

    - The Bank also finances 100% of the salaries and rents value for the first 6 months.​

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    Livestock Finance Program :

    In light of Qatar’s efforts to serve farmers and livestock breeders, QDB has been keen on developing financing programs aimed at supporting the food security system through providing funding for livestock sector projects that contribute to self-sufficiency.

    Purpose of funding: Financing female cattle of all kinds that are approved by the Animal Wealth Department at the Ministry of Municipality and Environment.

    Farms:

    - Financing up to 750,000 QAR per farm

    - The maximum tenor period is 8 years with a grace period of maximum one year

    - Profit rate starting from 1% + insurance fees

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    Estates:

    - Financing up to 250,000 QAR per estate

    - The maximum repayment period is 5 years with a maximum grace period of one year, with a profit rate starting from 1% + insurance fees

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    Fisheries Financing Program :

    Including the purchase of an engine and the purchase of equipment, fishing gear, communication equipment and protection.

    Financing of fishing boats equipment:

    - Financing up to 150,000 QAR per boat (depending on the length of the boat)

    - Financing up to 100,000 QAR for fishing gear

    - The maximum tenor period is 4 years with a maximum grace period of two months

    - Profit rate starting from 1% + insurance fees

    Financing of fishing vessels equipment:

    - Financing up to 250,000 QAR for each wooden boat

    - Financing up to 100,000 QAR for fishing gear

    - The maximum tenor period is 8 years with a grace period of one year maximum

    -​ Profit rate starting from 1% + insurance fees

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    Agricultural Financing Program - including greenhouses, irrigation equipment and desalination plants.

    - Maximum of one million QAR per farm (greenhouses, irrigation equipment, desalination plants)

    - The maximum tenor period is 10 years, with a maximum grace period of one year

    - Profit rate starting from 1% + insurance fees

    * Other projects in the sectors (agriculture, fisheries and livestock) that are not mentioned are subject to the following conditions:

    - Financing up to 60% of the total value of the project

    - Financing up to 80% of the value of equipment and machinery (excluding buildings)

    - The maximum tenor period is 15 years, with a grace period of 3 years maximum

    - Maximum profit rate of 5%

    - The bank also finances 100% of salaries and rents for the first 6 months​

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    Criteria required for funding:

    The company applying for bank funding must meet the following conditions:

    - Submit the application under the ownership of a Qatari citizen (Qatari Identity Card).

    - The project to be funded shall be among the sectors supported and financed by the Bank.

    - The company should provide a feasibility study for the project to be financed.

    - The company should be headquartered in Qatar (for existing and emerging projects).

    - The Company shall comply with Qatari law governing commercial companies.

    - The company must obtain all necessary licenses for the project.

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