The International Bank of Qatar, IBQ, today announced its entrance into Qatar’s booming real estate market. With the launch of new products and services, IBQ continues its impressive expansion.
At a press conference held at the Doha Sheraton today, IBQ’s senior management spoke about the Bank’s latest product offering to its already broad retail services.
“Just like Qatar, IBQ is growing at a fast pace. Last year we launched many innovative products and services. Now, with the launch of our first mortgage scheme, the “My New Home” campaign, as well as our participation in the Real Estate Exhibition, we are proud to say that we can now provide our customers with a full scale retail offering”, commented Michael Williams, General Manager of IBQ.
IBQ’s new mortgage scheme loan provides customers both Qataris and residents, the freedom to buy properties and offers flexible terms that allow customers the convenience of variable repayment periods, various finance options, several repayment methods and the option of no repayments until their property is completed. IBQ mortgage loans will be offered at competitive interest rates.
“The mortgage loan we offer will be one of the best in Qatar. All loan applications will be treated on an individual basis, rather than treating all applications in the same way. This is consistent with our personalised approach to banking and will allow greater flexibility. Furthermore we offer one interest rate for all clients, whether you are a Qatari, expatriate, or new to IBQ. This not only gives a high loan to value ratio, but also makes it easy for people to calculate their mortgage,” said Muhannad Kamal, Deputy General Manager of IBQ.
Participating in Qatar’s Real Estate and Investment Exhibition, held between 21st – 24th May, IBQ will offer it’s newly launched mortgage loans and services at an IBQ booth manned with IBQ’s Mortgage Service Advisors. A mortgage calculator tool will be made available at the Exhibition, and in all IBQ branches, specifically designed to assist customers in calculating their mortgages.
With the Qatari property market seeing a significant boom, IBQ is facilitating a mortgage that offers customers not only the financial support they need but also access to IBQ’s vast expertise, which will ensure that every customer’s property investment is a convenient one. In order to assist their clients in making these optimal investment decisions, IBQ will provide remote Mortgage Service Advisors available for customer convenience.
“Buying a home is usually one of the biggest investment decisions that a person or a family makes. Therefore we aim to provide our clients with full transparency of all costs, and help them with their financial planning. At IBQ we provide our customers with both the financial support and personal expertise that will assist them in making sound investment choices in their family’s future. This is further complemented by a unique banking relationship that they can truly trust from the start to the end of the mortgage process,” Williams concluded.
