Mortgage first for overseas property buyers in qatar

Two Qatari banks have jointly launched a new financial product that will allow Qatari citizens to purchase property overseas...marking the first time a local Qatari bank has offered a property finance solution spanning four continents.

The product, launched by the National Bank of Kuwait (NBK) and private Qatari bank IBQ, is called “You Choose, We Finance” and will help customers benefit from competitive interest rates and long tenures, said a statement.

Philip King, acting general manager of retail banking at IBQ, said: “By tying up with our partner NBK on this exciting new service, IBQ continues to provide highly competitive value-added products and benefits and more importantly, the best available choices for our customers looking to purchase property overseas.”

“Our international reach through the extensive NBK network will ensure the process is simple and direct.”

Source: OPP.org.uk