Movable Assets Financing
The financing aims to support entrepreneurs in small and medium-sized companies by financing movable assets such as furniture, vehicles, light trucks, buses, technical equipment, real estate, information technology systems, and movable equipment.
Application process
Application submission and initial review
Application assessment and verification of movable assets cost
Financial support is provided
Key features
Key financing terms
Financing covers:
1. Furniture, vehicles, light trucks
2. IT systemsMaximum Financing Allowed
-Standalone product: Up to 80% of the total cost
-Composite Project Financing: Up to 100% of total cost involved within the overall limit of 60% of the total project cost- 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
What is the Movable Assets Financing product?
It is a financing solution provided by Qatar Development Bank to enable entrepreneurs in Qatar-based SMEs and QDB-mandated sectors to finance the cost of movable assets such as furniture, vehicles, light trucks, buses, IT systems and movable equipment
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What does financing cover?
Financing covers the cost of movable assets such as furniture, vehicles, light trucks, buses, IT systems and movable equipment
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What is the maximum financing and repayment period?
Financing covers up to 80% of the total cost for standalone projects and up to 100 % of the total cost within the overall limit of 60% of the 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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What is the Sharia-compliant model used under this financing program?
Financing is based mainly on the Murabaha and Tawarruq models in accordance with the provisions of Islamic Sharia.
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