Machinery and Fixed Assets Financing

The product’s key objective is to provide SMEs with financing to acquire machinery and fixed assets.
Application process

What’s the process?

1
Application submission and initial review
2
Application assessment and verification of fixed assets cost
3
Providing financial support
4
Visit to installation site by customer relationship manager
Key features

Key Financing Terms

  • Financing covers

    1. Purchase cost of machinery including logistics and transportation

    2. Installation and training

    3. Ancillary equipment

    4. Any other fixed assets

  • Maximum Financing Allowed

    1. Up to 80% of the total cost for standalone projects

    2. Up to 100 % of total cost involved within an overall limit of 80% of the total project cost for composite project financing

  • Profit rate is up to 5% with a tenor period of up to 15 years including a grace period of up to 3 years
Frequently Asked Questions

FAQs

It is a financing solution provided by Qatar Development Bank to enable entrepreneurs in Qatar-based SMEs and QDB-mandated sectors to purchase machinery, equipment, and heavy trucks.
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Financing covers:

  1. purchase cost of machinery including logistics and transportation

  1. Installation and training

  1. Ancillary equipment

  1. Any other fixed assets

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Financing covers up to 80% of the total cost for standalone projects and up to 100 % of the total cost involved within the overall limit of 80% of total project cost for composite project financing with a tenor period of up to 15 years including a grace period of up to 3 years
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The cost will be verified by way of presentation of two invoices (quotations) from reputable manufacturers and dealers. Third party sources could also be used for validation of financed asset costs before financing is approved by the credit management unit
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-Valid Commercial certificate

-100% personal guarantee coverage by one or more of the Qatari sponsors or proportionate guarantees by all partners or shareholders

-Takaful insurance policy

- Main banking agreement between the bank and the customer.

- Additional documents that may be required later.

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