Masraf Al Rayan Home Finance Campaign – 2025
Offer Details/Terms & Conditions
Campaign Period
• Valid from 10 April 2025
Till 31st December 2025
Main Target Segment
• Qatari and non-Qatari customers where primary source of income is salary
Minimum Salary Amount to qualify
• QAR 25,000 per month for Qataris
• QAR 35,000 per month for Non-Qataris
Minimum Finance Amount to Qualify• QAR 1,000,000
Maximum Finance amount
• QAR 10,000,000
Maximum Finance Tenure
• Up to 30 years for Qataris
• Up to 25 years for non-Qataris
• The above tenure includes grace period, if any
Offer Details
• Reducing Balance Profit Rate of 4.50% (for 1st two years)
Key Conditions
• Affordable Payment Solution: We will devise a payment plan that matches your monthly cash flow and looks like the house rent amount.
• Attractive Profit Rate:
o New deals & Buy-out cases = 4.50%
• Cashback Reward: Up to QAR 100,000 (2% of the finance amount capped at maximum QAR 100,000)
• Feasibility study Fee: Up to 1%
• Refer & Reward: Successful referral Incentive up to 0.25% of the Finance amount
• Financing to Value: 80%, Qatari & 75% Expats
Maximum Age at end of Tenure
• 70 years – Qatari, 60 years – expats
Grace period
• Up to 12 months – Qatari
• Up to 6 months - Expats
Income Sources Allowed
• Income must be from Salary
Salary Transfer
• Mandatory
End of Service benefits
• Mandatory to transfer to the bank for Non-Qataris (Residents) only
Takaful Life Insurance
• Masraf Al Rayan will offer Takaful Life Insurance through a Group Insurance Policy issued by Damaan Islamic Insurance Company (Beema).
• The customer will pay the insurance premium monthly over the duration of the financing period.
Early Settlement Charges for Home Finance• 1% of the outstanding finance amount
Cashback refund
• If the financing is settled within three years due to early settlement or a debt transfer to another bank, the customer will be required to repay the full cashback amount and the profit rate difference received during the first two years. This will be calculated based on the original profit rate at the time of grant, using the Qatar Central Bank rate + 1.25% for retail customers, and the Qatar Central Bank rate + 1% for Premier and Private Banking customers.
| Masraf Al Rayan Home Finance Campaign – 2025 Offer Details/Terms & Conditions |
|
|---|---|
Campaign Period |
• Valid from 10 April 2025 Till 31st December 2025 |
Main Target Segment |
• Qatari and non-Qatari customers where primary source of income is salary |
Minimum Salary Amount to qualify |
• QAR 25,000 per month for Qataris • QAR 35,000 per month for Non-Qataris |
Minimum Finance Amount to Qualify |
• QAR 1,000,000 |
Maximum Finance amount |
• QAR 10,000,000 |
Maximum Finance Tenure |
• Up to 30 years for Qataris • Up to 25 years for non-Qataris • The above tenure includes grace period, if any |
Offer Details |
• Reducing Balance Profit Rate of 4.50% (for 1st two years) |
Key Conditions |
• Affordable Payment Solution: We will devise a payment plan that matches your monthly cash flow and looks like the house rent amount. • Attractive Profit Rate: o New deals & Buy-out cases = 4.50% • Cashback Reward: Up to QAR 100,000 (2% of the finance amount capped at maximum QAR 100,000)• Feasibility study Fee: Up to 1% • Refer & Reward: Successful referral Incentive up to 0.25% of the Finance amount • Financing to Value: 80%, Qatari & 75% Expats |
Maximum Age at end of Tenure |
• 70 years – Qatari, 60 years – expats |
Grace period |
• Up to 12 months – Qatari • Up to 6 months - Expats |
Income Sources Allowed |
• Income must be from Salary |
Salary Transfer |
• Mandatory |
End of Service benefits |
• Mandatory to transfer to the bank for Non-Qataris (Residents) only |
| Takaful Life Insurance | • Masraf Al Rayan will offer Takaful Life Insurance through a Group Insurance Policy issued by Damaan Islamic Insurance Company (Beema). • The customer will pay the insurance premium monthly over the duration of the financing period. |
Early Settlement Charges for Home Finance |
• 1% of the outstanding finance amount |
| Cashback refund | • If the financing is settled within three years due to early settlement or a debt transfer to another bank, the customer will be required to repay the full cashback amount and the profit rate difference received during the first two years. This will be calculated based on the original profit rate at the time of grant, using the Qatar Central Bank rate + 1.25% for retail customers, and the Qatar Central Bank rate + 1% for Premier and Private Banking customers. |