Your Guide to Finding the Right Mortgage
The eligibility criteria for Young Qataris Mortgage include being a Qatari citizen aged between 25 and 40 years old, having a minimum monthly income of QR 15,000, and not owning any other residential property in Qatar.
The maximum amount you can borrow with Young Qataris Mortgage is QR 3 million or 85% of the property value, whichever is lower.
The interest rate for Young Qataris Mortgage is fixed for the first five years of the loan and is currently set at 3.99%.
The loan repayment period for Young Qataris Mortgage is up to 25 years.
Yes, self-employed individuals can apply for Young Qataris Mortgage, but they will need to provide additional documentation, such as tax returns and financial statements
No, Young Qataris Mortgage is only available for first-time homebuyers and cannot be used to purchase a second property.
You will need to provide a copy of your ID card, salary certificate, bank statements, and a letter of undertaking from your employer stating that you are employed with them.
The processing time for a Young Qataris Mortgage application can vary, but it typically takes between two to four weeks.
No, there are no penalties for early repayment of a Young Qataris Mortgage.
Explore More About Qatar Mortgage Services
Buying a home can be a daunting task, especially if you're still getting familiar with the local mortgage market in Qatar. That's why we offer a wide range of mortgage services to guide you every step of the way, from pre-approval to closing.
Discover the ideal mortgage for you.
At the Pearl Gates, customers can choose from a range of mortgage deals tailored to their unique needs. Explore the different options with cater best to your needs!
What is the maximum loan amount I can obtain?
Mortgage calculators are online tools that can help you estimate your monthly mortgage payments based on factors such as the loan amount, interest rate, and repayment term.