Avail the 7.49% with Standard Chartered Bank upto a maximum loanable amount of QR 400,000 for expatriates. Requirements are as follows: Latest Salary Certificate, 3 months banks statement, Photocopy of valid Passport & Res. Permit(RP). Processing is within 3-5 working days upon submittal of complete documents. For details, pls contact: MR. JOJO, #5141936.
How much will be the minimum salary requirement for an expat to apply for personal loan.
Doha Bank says they need QR7500, how about the others?
My advice to you, please dont believe what all these bankers are quoting. I was duped by standard chartered sales agents, quoting the rate as 7.49, and after few months they changed it to 9.49. They mislead people into taking loans from their banks and are cheating openly.
Take a loan only if it is absolutely required and you cannot arrange the required money from any other source. I have seen quite a few expats who have got their hands burnt. I hope you know that you cannot leave the country without repaying the entire amount. Take a personal loan only if you have no plans to shift jobs and are planning to stay at Qatar for the entire duration of the installments.
- A study Conducted by FriedUnicorn - Vol I (September,1999)
Ok, it hit Qatar late, but no more unsecured loans like in 2008 and early 2009.
Quite a few local delinquencies have made banks very cautious. Imagine the motivation to default for someone getting a loan of 36 months pay. A tcn making 10k a month will go to great lengths to poof and disappear with a 350k lumpsum.