Key Loan Features

• Loan Amount: Up to 30% of your annual POS turnover (maximum of QAR 1Mln) (final amount subject to bank assessment).
• Pre-Approved Limit: No tangible collateral required.
• Tenure: Maximum 12 months.
• Fast Disbursal: Funds are credited directly to your business account after approval.
• Easy Repayment: Automatic deductions from your POS settlements for added convenience.

How does this loan benefit your business?

• Improves cash flow during high-demand periods.
• Helps manage inventory purchases, vendor payments, or expansion plans.
• Eliminates the need for collateral or lengthy paperwork.
• Enables faster access to funds compared to traditional loans.

What are the criteria?

1. You have an active POS machine with regular transactions for at least one year.
2. Maintain a consistent POS turnover over the last 6–12 months.
3. Your account has to have up-to-date KYC information.
4. Your company must have a valid Qatar Commercial Registration (CR) and at least 2 years of operating history - 100% non-Qatari ownership is allowed.
5. Loan amount range: QAR 250,000 to QAR 1,000,000.
6. Your business must have been using our POS services for more than 2 years.
7. POS turnover requirements:
   1. For loans up to QAR 500,000: minimum annual POS turnover of QAR 1.2 million.
   2. For loans above QAR 500,000 up to QAR 1,000,000: minimum annual POS turnover of QAR 2.5 million.
8. Account balance requirements:
   1. Maintain an average monthly balance of QAR 50,000 for loans up to QAR 500,000.
   2. Maintain an average monthly balance of QAR 100,000 for loans above QAR 500,000.
9. The business owner(s) and guarantor(s) must have a clean banking record, with no returned cheques or overdue payments in the last 6 months, including with other local banks.

What documents are required?

1. Request letter.
2. CBR customer/Owner Consent form.
3. Financials from the last 2 years.
4. CR copy.
5. Computer card copy.
6. QID.
7. Passport copies (for expats).
8. Any other document as required by the Bank.