Anybody has any experience getting a loan from IBQ? Too much hassle... & bureaucratic paperwork..

qlql
By qlql

Too many letters from existing bank & company to be prepared & issued....

I had gone through the process almost 3 monts now & still did not get my loan.... so frustrated, upset & dissapointed with the approval system..

Anybody want to share your experience here..?

By anonymous• 6 May 2009 20:49
anonymous

Call me I can help you to getting personal Loan Call me 6550792 Doha - Qatar

By Whatever-7• 30 Apr 2009 10:23
Rating: 4/5
Whatever-7

Glgl

I work in a bank, honestly it never takes that time; but still there are a lot of paper work to be filled and letters form your sponsor to be obtained.

This hassle is mainly due to two reasons:

1- Due to the global financial turmoil, banks are little reluctant to provide a loan for an expats; knowing that his company might get financially stressed and that would lead to layoff. (and I can assure you that this already took place with almost all banks) so banks want to limit the risk taken on expats loans.

2- Qatar Central Bank regulations regarding personal loans.

If you still need a help, please contact me via QL private massage.

By qlql• 29 Apr 2009 20:36
qlql

Thanks for sharing... Nachu..

I'm so tired & fed-up..

By anonymous• 29 Apr 2009 20:30
anonymous

Not IBQ sir, almost all the banks in qatar follow the same ... helpess :(

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