Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, announced an innovative home financing product to help customers purchase, renovate, or build the home of their dreams.
The product offers easy and convenient financing solutions for both Qatari nationals and expatriates. Financing also includes comprehensive Fire and Life Takaful coverage. Through this product, customers can take financing of up to QAR 10 million for Qataris and QAR 3 million for expatriates for constructed properties, and QAR 7.5 million for home construction with easy payment 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." Customers can contact the 24-hour Contact Centre on 800 8555 or visit Barwa Bank’s main branch on Grand Hamad Street to apply for home financing. The product features an easy application process with quick approval.
Barwa Bank offers a wide range of retail products and investments and has eight strategically located branches as well as a wide network of more than 60 ATMs located all across Qatar. Customers can access their accounts from the convenience of their office or home through the state-of–the-art online banking as well as 24/7 Contact Centre.