R.Seetharaman with Doha Bank executives during the launch of the bank’s Gold Investment Loan product
For the “very first time” in Qatar, Doha Bank has launched the “most innovative” Gold Investment Loan product, which has been designed to provide good earnings to investors.
Doha Bank said: “The remarkably appealing Gold Investment Loan is designed to facilitate investing in the gold market and securing one’s future with utmost ease. The Gold Investment Loan is actually bespoke to empower you with the ability to purchase a gold contract at the spot rate and carry it forward to make serious earnings and it is all arranged by the bank.”
“Taking into consideration the fact that the price of gold has skyrocketed in the past couple of years and now is pondered as a must-have component for safeguarding the future, Doha Bank has launched the Gold Investment Loan to enable you to own gold contract without the vulnerability and costs associated with storing and moving physical gold,” it said.
Doha Bank Group CEO R Seetharaman said: “With the fuelling investors’ fears due to economic turmoil and political uncertainties in many parts of the world, it’s no wonder to seek gold as a safe haven for investing your money to reap the golden opportunities, and we have made it possible for every one of you.”
“You can now secure your money against inflation with the gold as a traditional store of value in the low-interest yielding economic environment currently prevailing.”
Doha Bank Executive Manager (Retail Banking) Nabil Tabbara said: “The Gold Investment Loan is adaptably created to give our valued customers and non-customers the option to invest in multiples of 10 ounces. Doha Bank will finance up to 80% of the gold value, which gives our customers great prospects for investments, but rather through a loan facility, which can be arranged to be paid on a convenient monthly basis over an abundant 60 months repayment period like any other loan from Doha Bank.
Doha Bank said: “The Gold Investment Loan is offered with the ultimate simplicity with no need to transfer your salary or go through the hassle of complicated documentation procedures.”
More details can be had from Doha Bank branches across Qatar or www.dohabank.com.qa