information needed

aenika
By aenika

can anyone tell is it safe to take personal loan in qatar ? according to my research what ihave heard that interest rates are low in the beginning and it keeps on increasing later on .and what are the documents needed for loan ?
are there any financial agencies who gives loan on nice interest rates
or i shd drop the idea of taking loan
coz i have read so many articles in ql that not to take loan in qatar ................. it will be very problematic

By deedee• 28 Oct 2012 17:53
deedee

when he put he was from the United STATE (there is only 1 state now? The other 49 will be devastated to hear about their demise!)

By qatarisun• 28 Oct 2012 16:59
qatarisun

julian, stop your scam.. half a million dollar with "easy requirements", with 3% interest and with.... YAHOO email account?? don't be silly... the company who gives away millions of dollars has no their own domain?

besides, Google doesn't return any results for "Possibilities Loan Firm"...

By Molten Metal• 14 Mar 2012 11:31
Molten Metal

Banking = Cheat and make money

By st100282 on Wed, 14/03/2012 - 9:28am

Posted in: Family Life in Qatar

Though USD / QAR rate is fixed at 3.64 since 1980 by CBQ .... yet i noted yesterday that my stupid bank has been charging rate as 3.75 for any international transaction i make thru my visa card in the last 5 years.

Is this legal ???

Read more: http://www.qatarliving.com/node/2695389#ixzz1ozemGPMC

By peejeyem• 14 Mar 2012 11:29
peejeyem

Please advise which school have Astronomy lab facility in Qatar

By peejeyem• 14 Mar 2012 11:28
peejeyem

Please advise how to apply for Schengen visa thru German Embassy in Qatar

By asterix---• 14 Mar 2012 11:22
Rating: 3/5
asterix---

Depending what kind of a Loan you want to take, Personal Loan or Car Loan.......

Remember, When you want to leave the Country you can't until you got a Clearance Letter from the Bank....

Having said that Expats out here have taken loans worth 200,000 to 300,000 QAR with a Duration of 5 Years...

By Molten Metal• 14 Mar 2012 11:10
Rating: 4/5
Molten Metal

Aenika,

Don't take loan,

rethink about the need of taking it....

Reconsider your plan, delay it for 3 months, you are not the sole responsible for your loved ones'/ relatives' untimely or unjustified demands....

Delay & think more for the long run.....will that person will remain nice to you for / after 15 - 20 years.....if you provide for 'them' now....

Don't take loan,

By aenika• 14 Mar 2012 10:18
aenika

thanks for ur nice suggestion tinkerbell

By neha_jay• 14 Mar 2012 10:17
neha_jay

it all depends on how much u want and how much u can repay.....for small amount for some normal period would be safe....but if ur taking some lakhs...be carefull...one day morning the rule changes and expats will be in trouble!!!!.........

By habalcoqatar• 14 Mar 2012 10:15
Rating: 2/5
habalcoqatar

Its not safe! Because you r not permanent in Qatar! When you decide to leave this country for better opportunity or emergency - its for you nightmare!

By aenika• 14 Mar 2012 10:09
aenika

well repaying is not a issue. which bank is good

By smoke• 14 Mar 2012 10:08
Rating: 2/5
smoke

Depends on what you are taking the loan for, how long you want it for, when can you pay back and the amount of loan.

Loans are a way of making money for the banks, either way you will have to pay interest so that they can profit from giving you money. There's no two ways about this. Every scheme they offer will have a hidden cost.

Problem is not getting the loan its paying it back. First see that you are fully able to repay back the amount you are borrowing to avoid penalties and other costs.

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