Live Green with Doha Bank Green Home Loan

Environmentally friendly homes will have better resale value.
Help customers use energy-efficient utilities to lessen their family’s carbon footprint.
An energy efficient home is cheaper to maintain and has lower monthly utility costs.

To be eligible for the Green Home Loan, buy a property with energy-efficient lighting and air conditioning standards.
When choosing your lighting source (bulbs, tubes, or lamps) use LEDs or Fluorescent types of lights which cost less in the long run. Better yet, invest on solar powered technologies to reduce your electricity consumption.
Air conditioning units are one of the necessities that are essentials in every home in Qatar. Using air conditioning units with 7 or more stars are more energy saver since they have inverter control features. Having centralized air conditioning or obtaining services from Qatar Cool will give you higher chances of eligibility.

The Green Home Loan is applicable to Freehold, Leasehold, and Ready-made properties and should have a minimum loan tenor of 10 years.
Evaluation fee will be refunded up to maximum of QR 2500/- after the loan is disbursed and for one property only. Any excess costs greater than QR 2500 will be paid from own sources.
The property will be assessed based on a scoring system and should achieve at least 30 out of 40 points to avail the Green Mortgage loan.
If loan is early settled before completing 10-year tenor, customer shall pay back:
- QCB + 1% for the 0% interest period. That will be in addition to normal early settlement fee of 1% on the loan outstanding.
- Refunded Property Evaluation fee.
- Waived Mortgage fee.
- Waived Management fee.

Eligibility Criteria	Qataris	Expatriates
Maximum Loan Amount	QR 5,000,000	QR 4,000,000
Maximum Loan Tenure	20 years	20 years
Minimum Monthly Income	QR 15,000	QR 15,000
Maximum Age	70 years at maturity of the loan	65 years at maturity of the loan
Minimum Salary Credits	1 Salary credit with Doha Bank	3 Salary credits with Doha Bank

Loan Amount (QR)	Tenor (Months)	Monthly Instalment (QR)
1,800,000	240 including 12 months grace period	10,859

Above calculations are indicative and subject to change as per the Bank’s policy.

Signed and Completed Application Form.
Original Qatari ID Card & Passport with Valid Visa (for Expats).
Salary Certificate addressed to Doha Bank.
Last 6 months Original Bank Statements (if Salary is being transferred to another Bank).
Liability Letter from Other Bank addressed to Doha Bank (if Loan is being transferred from another Bank).
Quotation from Developer / or Preliminary Sale Agreement between Seller and Buyer.
Copy of Sale Purchase Agreement for Resale cases.

Signed and Completed Application Form.
Original Qatari ID Card & Passport with Valid Visa (for Expats).
Last 6 months Original Personal Bank Statements.
Last 12 months Original Business Bank Statements.
Liability Letter from Other Bank addressed to Doha Bank (if Loan is being transferred from another Bank).
Audited Financial Statements of last 2 years.
Copy of Trade License.
Copy of Commercial Registration.
Rental Contract from Government or Private (if Rental Income is being considered).
Copy of Sale Purchase Agreement for Resale cases.
Quotation.

Commencing from the Loan Date, interest shall accrue on the Loan on a daily basis at the relevant Interest Rate and will be capitalized to the Loan Amount at the end of each month.
Interest will be calculated as per following formulae. The Daily Balance of the Loan X Total Annual Rate X (1/360)
Every payment made after the due date will result in additional interest accrual on loan
Where a Grace Period applies or where the Customer is granted a postponement in respect of an installment, interest on the relevant Loan shall continue to accrue and will be capitalized to the Loan Amount at the end of each relevant month.