DOHA: Barwa Bank, one of Qatar’s fastest growing Shari’ah-compliant banking service providers, has launched an innovative home financing product, lending up to QR10m to help customers purchase, renovate or build a home.
In a press statement yesterday, the bank said that its new product offers easy and convenient financing solutions for both Qatari nationals and expatriates. Financing includes comprehensive fire and life Takaful coverage.
Through this product, Qatari customers can avail of financing of up to QR10m and expatriates can get up to QR3m for constructed properties.
For home construction, the product offers up to QR7.5m with easy repayment plans of up to 20 years, attractive profit rates and no hidden charges.
The home construction financing is available to Qatari nationals, GCC nationals and other expatriates with residence status in Qatar.
Hussain Al Abdullah, Barwa Bank’s General Manager, Personal Banking and Wealth Management, said: “At Barwa Bank, we offer a simple solution for all your home finance needs. With us, the option of buying the right house and paying its price in conformity with Shari’ah has never been easier.”
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