Doha Bank launches Qatar’s first ‘Green Mortgage’ scheme

09/10/2017 07:54 AST

Doha Bank has launched Qatar’s first ‘Green Mortgage’ home loan programme as part of efforts aimed at rewarding environmentally-conscious new homeowners, it was announced in a statement.

The offer features discounts on loan fees or interest rates on homes that are certified as energy-efficient. In addition to huge savings on utility costs, the Green Mortgage programme offers an interest rate of up to 3.99% and repayment option of up to 20 years. Other benefits provided by Doha Bank include zero management and mortgage fees, complimentary property fire insurance for one year, and a free-for-life Visa Infinite or Platinum credit card with the option to receive two additional supplementary cards.

Doha Bank will also provide to its ‘Green Mortgage’ customers an optional free mortgage interest saver account, which comes with additional unique benefits, including the opportunity to earn an interest of 1.25% per annum on minimum balance held in the account during the month, up to a maximum cap of QR2mn deposit.

Doha Bank Group CEO Dr R Seetharaman said: “With environmental sustainability being among our top priorities at Doha Bank, we are proud to introduce our most innovative mortgage offer yet in the Qatari property market, which is a key sector for the Qatari economy.

“As Qatar’s first mortgage programme of its kind, Green Mortgage encourages our customers to seriously consider the many benefits of investing in sustainable homes that are energy-efficient and also come with lower utility costs while enjoying attractive interest rates on their mortgages.”

Gulf Times