Doha Bank has announced that it is offering customers around Qatar the opportunity to avail of “customised personal loans at competitive interest rates”.
Available to all Doha Bank salary transfer customers, the personal loan scheme offers “higher eligibility and lower EMIs” and allows customers to personalise their loans according to their needs and EMI appetite, according to a statement from the bank.  
The summer promotion from Doha Bank also enables customers to consolidate their payments into one plan and, thus, benefit from a lower overall instalment, and further offers a wide array of perks and benefits, the statement notes.
Expatriates can receive a maximum loan amount of QR350,000 for tenures up to four years under the scheme, at flat annual interest rates starting from 2.43%.
A loan of QR350,000 comes at a monthly instalment of QR8,000 for the 48-month period; expatriates wanting to borrow smaller amounts can choose from denominations of QR200,000 and QR100,000, to be paid back in EMIs of QR4,575 and QR2,285, respectively, over a similar 48-month period.
Qatari nationals, on the other hand, can avail of a maximum loan amount of up to QR1,750,000 at flat annual interest rates of 2.19% onwards and repayment periods of up to six years.
Customers availing of the maximum loan amount of QR1,750,000 need to pay QR27,500 as monthly instalment over a 72-month period. Qataris can also take loans for amounts of QR1,500,000, QR1,000,000 and QR500,000 at EMIs of QR23,575, QR15,715 and QR7,860, respectively, over a six-year period.
Dr R Seetharaman, Group CEO of Doha Bank, said: “Doha Bank’s personal loan promotion is designed with extremely competitive interest rates and low EMIs. The promotion is in line with Doha Bank’s efforts to bring unmatched value and benefits to customers across our entire product range, and puts greater power in the hands of the customer by offering them the ability to tailor their loans based on their needs and decide the settlement plans.”
Suresh Bajpai, head of retail banking at Doha Bank, said: “Our personal loan scheme also allows customers to take loans on a short-term basis against their fixed deposit with Doha Bank, allowing them to fulfil their financial requirements while earning handsome returns.
“Also, customers who apply now for a personal loan from Doha Bank will get the free-for-life Visa Platinum credit card and benefit from the most generous loyalty programme, discount schemes and 0% instalment plans. This summer, you will benefit with Doha Bank credit cards from a 10% cash-back at Qatar Duty Free, 5% cash-back on overseas spending and one of 100 travel vouchers worth QR1,000 each. The travel voucher will allow cardholders to save QR1,000 on their next Qatar Airways ticket booking.”