Already have an established business at home country. Would like to expand into a new venture with gurenteed returnes. Any one have any idea wot the maximum limit for the loans would be if approached with a great busines proporsal? current earning about 30K QAR
Actually this is for a business expansion and my required amount is 2.5 to 3 mill QAR. If Anyone ever achieved this amount? plesae do let me know.
I just wanna know all info i can get before I go and speak to the bank managers. I may get laughed at if i just go and tell them this amount. There migh tbe certain laws which does not allow expats to apply for such loans.
Avail the 7.49% with Standard Chartered Bank upto a maximum loanable amount of QR 400,000 for expatriates. Requirements are as follows: Latest Salary Certificate, 3 months banks statement, Photocopy of valid Passport & Res. Permit(RP). Processing is within 3-5 working days upon submittal of complete documents. For details, pls contact: MR. JOJO, #5141936.
Some banks do approve loans as salary multiples and some others based on income and repayment capacity. Generally flexible with certain banks but depends on a combination of factors. Best to go personally to a bank and discuss directly with them. If you already have a bank account with any one, first you try with them...
HI DEAR, THE 400K I MENTIONED EARLIER IS THE STANDARD MAX. BASED ON SALARY FIGURES FOR AN EXPAT. IF YOU HAVE GOOD PROPOSALS, PLS APPROACH THE DESIRED BANK MGR AND YOU CAN NEGOTIATE A BIG SUM. NOTHING TO LOSE ANYWAY. GOOD LUCK...
As I said you have a very good proposal and who knows, some guys I know, without any business proposal, he was able to take QAR 500 THOU. So what more if you have.
Well, if that is the case, there is no harm in trying. You are professional, with stable job with good bright profosal for your business, APPROACH THE MANAGER OF THE BANK, WHO KNOWS, MAYBE QAR 4 MILLION IS EASY.
I am not self emplyed here in Qattar..I am an employee of a majour company here in Qatar and currently earning. And i am being told i ll b eligble for 500K. So i am wondering if i were to approach them with an excellent proporsal, would i be able to get higher loan limits?
CHECK WITH MASHREQ BANK WHO OFFER PERSONAL LOANS TO BUSINESS PEOPLE MEETING CERTAIN CRITERIA. BY THE WAY, NO OTHER BANK OFFER SUCH A LOAN FOR SELF EMPLOYED OR EVEN FOR BUSINESSES UNDER FORMATION OR EVEN WITHIN THE FIRST YEAR ETC... TRY MASHREQ TO CHECK YOUR ELIGIBILITY.
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Actually this is for a business expansion and my required amount is 2.5 to 3 mill QAR. If Anyone ever achieved this amount? plesae do let me know.
I just wanna know all info i can get before I go and speak to the bank managers. I may get laughed at if i just go and tell them this amount. There migh tbe certain laws which does not allow expats to apply for such loans.
thanx
it's depends to your bank
SCB GIVE LOANS TO EMPLOYEES OF THEIR APPROVED CLIENT COMPANIES ONLY - PLS CHECK WITH THEM.
Avail the 7.49% with Standard Chartered Bank upto a maximum loanable amount of QR 400,000 for expatriates. Requirements are as follows: Latest Salary Certificate, 3 months banks statement, Photocopy of valid Passport & Res. Permit(RP). Processing is within 3-5 working days upon submittal of complete documents. For details, pls contact: MR. JOJO, #5141936.
Mashreq bank offers 30 times your salary. *conditions apply* so visit the bank to get more details.
Some banks do approve loans as salary multiples and some others based on income and repayment capacity. Generally flexible with certain banks but depends on a combination of factors. Best to go personally to a bank and discuss directly with them. If you already have a bank account with any one, first you try with them...
i think, it is 22 times on ur salary
depends on your monthly income you show them...
HI DEAR, THE 400K I MENTIONED EARLIER IS THE STANDARD MAX. BASED ON SALARY FIGURES FOR AN EXPAT. IF YOU HAVE GOOD PROPOSALS, PLS APPROACH THE DESIRED BANK MGR AND YOU CAN NEGOTIATE A BIG SUM. NOTHING TO LOSE ANYWAY. GOOD LUCK...
thnx Kim
cheers
As I said you have a very good proposal and who knows, some guys I know, without any business proposal, he was able to take QAR 500 THOU. So what more if you have.
Present your proposal and let them decided.
I am just an positive person.
Again, GOODLUCK.
I d just like to know if anyone have ever achieved such a loan ??
regards n thanx to all
Well, if that is the case, there is no harm in trying. You are professional, with stable job with good bright profosal for your business, APPROACH THE MANAGER OF THE BANK, WHO KNOWS, MAYBE QAR 4 MILLION IS EASY.
GOODLUCK!
thanx
I am not self emplyed here in Qattar..I am an employee of a majour company here in Qatar and currently earning. And i am being told i ll b eligble for 500K. So i am wondering if i were to approach them with an excellent proporsal, would i be able to get higher loan limits?
cheers
MAX. PERSONAL LOAN LIMIT PER PERSON IS QAR,300K (IF NOT 400K)
CHECK WITH MASHREQ BANK WHO OFFER PERSONAL LOANS TO BUSINESS PEOPLE MEETING CERTAIN CRITERIA. BY THE WAY, NO OTHER BANK OFFER SUCH A LOAN FOR SELF EMPLOYED OR EVEN FOR BUSINESSES UNDER FORMATION OR EVEN WITHIN THE FIRST YEAR ETC... TRY MASHREQ TO CHECK YOUR ELIGIBILITY.