Mortgage calculator (Qatar): home loan EMI
Updated
A QAR 2,000,000 home bought by a Qatari citizen, financed at 80% (QAR 1,600,000) over 25 years at an example 5.5% rate, costs about QAR 9,825.40 a month, and QAR 1,347,620 in interest (or Islamic return) over the term. A non-Qatari resident may finance at most 75% of the same home, so QAR 9,211.31 a month on QAR 1,500,000 — over at most 25 years instead of 30.
- Finance amount
- QAR 1,600,000 (80% of the price)
- Total interest (or Islamic return)
- QAR 1,347,620
- Bank fees
- not entered — ignored
If the rate moves
Cash needed on the day
See every cost, itemised → (opens the costs-of-buying calculator with your numbers; assumes you pay the 0.25% registration fee and leaves the broker empty — change either there)
Instalments on this page follow the standard monthly formula on the reducing balance. Your bank counts interest or profit day by day between the actual payment dates and rounds each amount, so its own schedule can differ slightly. Only your signed offer is binding.
Not a valid document. Estimate for information only — not financial advice, not an offer of credit and not a bank document. Errors are possible. Only your bank's or finance company's official offer letter, contract and statements are binding.
Year by year
| Year | Paid | Interest | Principal | Balance at end |
|---|
How much may a bank finance?
QCB set these limits for home finance in July 2023 (reported by the Qatar News Agency; the circular itself is not on QCB's website). The home value that moves you to the lower limit is QAR 6,000,000.
| Buyer | Home value | Max. finance | Min. down | Longest term |
|---|---|---|---|---|
| Qatari citizen | up to QAR 6,000,000 | 80% | 20% | 30 years |
| Qatari citizen | above QAR 6,000,000 | 75% | 25% | 30 years |
| Non-Qatari resident | up to QAR 6,000,000 | 75% | 25% | 25 years |
| Non-Qatari resident | above QAR 6,000,000 | 70% | 30% | 25 years |
| Non-resident, ready property for investment | any | 60% | 40% | 20 years (15 above QAR 10 million) |
For salaried borrowers, all debt payments together — this instalment included — may be at most 75% of total salary for Qataris and 50% for expatriates. Buying a home under construction: any grace period is at most 3 years, counted inside the total term, with interest paid during it.
Permanent residence and the longer term
A non-resident buyer who obtains permanent residence in Qatar through the property may be given the residents' term (25 years) instead of the non-resident limit. A non-Qatari owner of a home worth at least QAR 3,650,000 gets the benefits of permanent residents; at least QAR 730,000 gives a residence permit without a sponsor. Whether that property route counts as permanent residence for the longer finance term is for the bank to say.
What it costs on top
No official cap on home-finance rates and no official schedule of home-finance fees was found; QCB's fee table and its rule of no fees besides interest are written for loans against salary. So the rate here is an example and the bank fee is your own estimate — the real yearly rate incl. fees counts whatever fee you enter. On the day you buy, the Ministry of Justice charges 0.25% of the value to register the sale and QAR 100 for the title deed, and 0.025% of the finance plus QAR 100 to register the mortgage; its valuation service is free, and releasing the mortgage later costs QAR 200. The General Tax Authority's list of taxes has no VAT.
Who may buy where
- Qatari citizens may buy anywhere.
- Non-Qataris — freehold: in the areas named by Cabinet Resolution 28 of 2020: West Bay, The Pearl, Al Khor resort, Al Dafna (areas 60, 61), Onaiza, Lusail, Al Kharaej, Jabal Thuaileb. A further set of areas is open for 99-year usufruct.
- Non-Qataris — anywhere else: units in residential complexes, and offices or shops in commercial complexes and malls.
- No limit on how many properties a non-Qatari may own in the freehold areas.
- Residency through property: a home worth at least QAR 730,000 lets a non-Qatari get a residence permit without a sponsor; at least QAR 3,650,000 adds the healthcare, education and investment benefits of permanent residents. Both need at least 90 days a year in Qatar.
The Ministry of Justice publishes the area list as an image and newspapers have reported later additions we could not find on an official page — check the plot with the Ministry before you pay a deposit. Details: can foreigners buy property in Qatar?
What EMI means and how it is calculated: EMI calculator — the formula, a worked example, and interest on savings.
Questions people ask
How much of a home can I finance in Qatar?
Under QCB's 2023 limits: a Qatari citizen up to 80% of a home worth up to QAR 6,000,000 (75% above); a non-Qatari resident up to 75% (70% above); a non-resident buying a ready property to invest up to 60%.
What is the longest home finance term in Qatar?
30 years for Qataris and 25 years for residents. A non-resident who obtains permanent residence through the property may be given the residents' term.
How much of my salary can go to home finance?
For salaried borrowers, all debt payments together may be at most 75% of total salary for Qataris and 50% for expatriates.
Is there a cap on home finance rates in Qatar?
We found no official cap. QCB's lending rate (4.60%) caps loans against salary at a margin above it, but that rule is not written for home finance.
Can I get a grace period on an off-plan home?
In Qatar, for a home under construction any grace period is at most 3 years, inside the total term, and the interest is paid during it.