Doha, Qatar – The United Development Company (UDC), a Qatari public shareholding company, signed a deal with The Commercial Bank (CBQ) to provide home loans for UDC properties at its flagship developments, The Pearl and Gewan Islands.
Now, the UDC property buyers would be eligible to apply with Commercial Bank for a home loan up to 70 percent of the property value and tenure up to 20 years.
The consumers are likely to be benefited from fast loan processing and flexible added-value options and payment plans.
It would also help to attract investors as Commercial Bank offer mortgages for non-residents seeking to buy properties in Qatar.
UDC President, Chief Executive Officer Ibrahim Jassim Al Othman, said the deal includes “attractive home loan rates and faster approvals while investing in The Pearl and Gewan Islands”.
He said the deal supports UDCs efforts to provide flexible and convenient services for its clients which attracts more investors from the local and international markets.