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Posted On: 4 February 2009 09:18 am
Updated On: 12 November 2020 02:09 pm

Personal loan salary bar by Doha Bank

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Customers drawing less than QR7,500 gross monthly salary are not eligible for personal loans, Doha Bank said yesterday. The bank has also decided to trim the amount of a personal loan to 10 times an applicant’s salary. “Moreover, a customer who will be eligible to borrow from us should be from a reputed company,” the bank’s Assistant General Manager for retail banking, Abdul Rahman Mohamed Al Meer, told The Peninsula yesterday. Talking of companies whose employees stood a better chance of accessing loans from Doha Bank, provided they fulfilled the basic criteria, he cited firms listed on the Doha Securities Market or those in the government and quasi-government sectors.