Bank confirms initial housing loan payment
The topic of waiving the eligibility to disburse the first installment of the Qatar Housing Loan after electronically signing the contract was discussed. A responsible official from the Development Bank explained that the application process is handled through the Citizens’ Housing Administration at the Ministry of Social Development. The applications are then transferred to the Qatar Development Bank to complete the procedures and establish an account for the beneficiary. Citizens can receive the first installment immediately after electronically signing the contract, which simplifies the process and saves time and effort. Additionally, the "Benaa" platform has been launched, allowing beneficiaries to select consultants and contractors, with available design templates and expansion options to assist them in their building journey more easily and comprehensively.
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