Home Finance Calculator — Qatar
Estimate your monthly home-finance installment in QAR — conventional or Islamic — at current Qatari bank rates. See total cost over the term. No signup, no account needed.
Current rates (≈ 2026 — QCB lending rate 4.60%, deposit 4.10% from 17 Sep 2026; verify with your bank)
| Lender / type | Typical rate | Notes |
|---|---|---|
| QNB | 5–6% | Largest bank in the region |
| Commercial Bank of Qatar | 5–6% | Competitive packages |
| Doha Bank | 5–6% | Flexible tenures |
| Qatar Islamic Bank | 5–6.5% eff. | Shariah-compliant finance |
| Dukhan / Masraf Al Rayan | 5–6.5% eff. | Islamic options |
Major lenders
- QNB — the largest bank in the Middle East/Africa, broad home-finance range
- Commercial Bank of Qatar — competitive conventional mortgages
- Doha Bank — flexible tenures
- Qatar Islamic Bank (QIB) — leading Shariah-compliant home finance (Murabaha/Ijara)
- Masraf Al Rayan / Dukhan — additional Islamic options
The real cost — a worked example
Example: QR 1,500,000 home finance at 5.5% for 25 years
- Monthly payment: QR9,211
- Total paid over 25 years: QR2,763,394
- Total interest: QR1,263,394
Conventional vs Islamic, and expat rules
- The QAR is pegged to the US dollar, so Qatari rates track the US Fed and the QCB lending rate (4.60% from 17 September 2026). Expect 5–6% for both conventional and Islamic finance.
- Islamic finance (QIB, Masraf Al Rayan) uses Murabaha/Ijara — no interest, a transparent profit margin instead, at a similar effective cost.
- Expats can buy in designated freehold areas; banks usually require a qualifying salary and a down payment of around 20–25%.
Qatar Islamic Home Finance Rates: What's Current
Qatar Central Bank (QCB) sets three key policy rates: the QCB Deposit Rate (QCBDR), QCB Lending Rate (QCBLR) and QCB Repo Rate (QCBRR). On 16 September 2026 the QCB raised all three by 25 basis points, effective 17 September: the deposit rate to 4.10%, the lending rate to 4.60% and the repo rate to 4.35%, following the US Federal Reserve's rise the same day. Before that, on 28 January 2026, it had held them at 3.85%, 4.35% and 4.10%. These rates anchor how Qatari banks, including Islamic banks, price retail home finance profit margins.
Qatar Islamic Bank (QIB), the country's largest Islamic bank, offers Home Finance to Qatari nationals and describes its pricing on its own Home Finance page only as a "competitive profit rate", with tenors up to 30 years for Qatari nationals (25 for expats) and down payments from 20%. Rates may be quoted flat or on a reducing (declining) balance basis — confirm the basis and current rate with QIB. For illustration we use 4.6% p.a. on a reducing-balance basis — the figure most comparable to the effective annual rate used in amortization calculations, since flat-rate figures understate the true cost of financing relative to reducing-balance figures.
Worked Example: QAR 1,000,000 Over 25 Years at 4.6%
We hand-verify the monthly instalment using the standard amortizing-payment formula:
M = P · r · (1 + r)n / [(1 + r)n − 1]
Assume a QAR 1,000,000 property financed through QIB Home Finance at an illustrative 4.6% per annum rate over a 25-year (300-month) term.
- P = 1,000,000 QAR
- Annual rate = 4.6% → monthly rate r = 0.046 ÷ 12 = 0.00383333
- n = 25 × 12 = 300 months
Step 1 — compute (1 + r)n: (1.00383333)300 ≈ 3.15126.
Step 2 — apply the formula: M = 1,000,000 × 0.00383333 × 3.15126 ÷ (3.15126 − 1) = 12,079.65 ÷ 2.15126 ≈ QAR 5,615.24 per month.
Over the full term, total payments equal roughly QAR 1,684,571, meaning finance cost (profit) amounts to about QAR 684,571 — a useful check against any flat-rate quote a bank presents, since a 3.0% "flat rate" on the same facility produces a noticeably lower headline figure than its true reducing-balance equivalent.
Frequently Asked Questions
How is home finance installment calculated in Qatar?
Using the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). Islamic finance reaches a similar monthly figure via a profit margin (Murabaha) or lease (Ijara) instead of interest.
What is the current home finance rate in Qatar?
Around 5–6% per year in 2026. Because the QAR is pegged to the US dollar, rates track the US Fed and the QCB lending rate of 4.60% (raised September 2026).
What is the difference between conventional and Islamic home finance?
Conventional charges interest on the balance. Islamic finance (QIB, Masraf Al Rayan) structures the deal as a sale at a fixed margin or a lease-to-own, avoiding riba. The monthly cost is broadly similar.
Can expats get home finance in Qatar?
Yes, in designated freehold zones, subject to a qualifying salary, residency, and typically a 20–25% down payment. Maximum age at maturity and salary thresholds vary by bank.
How much down payment do I need?
Commonly 20–25% for expats. A larger down payment lowers your monthly installment and total cost, and can improve the rate you're offered.
What are Qatar Central Bank's current interest rates?
Following the QCB's 16 September 2026 decision (effective 17 September), the QCB Deposit Rate (QCBDR) stands at 4.10%, the QCB Lending Rate (QCBLR) at 4.60%, and the QCB Repo Rate (QCBRR) at 4.35%, each 25 basis points higher than before the decision.
What profit rate does Qatar Islamic Bank (QIB) charge for home finance?
QIB's own Home Finance page does not publish a headline rate (it cites a "competitive profit rate"); check with QIB for the current figure — note that a flat-rate quote understates the cost versus a reducing-balance rate. Actual pricing depends on the applicant's salary, employer, and the financing structure chosen.
Why is a bank's "flat rate" different from the rate used in amortization calculators?
A flat rate is calculated on the original principal for the life of the financing and does not account for the declining balance as payments are made, so it understates the true cost. A reducing-balance (declining-balance) rate, closer to an effective annual rate, is what should be used with the standard amortizing-payment formula to get an accurate monthly instalment.
What are Qatar Central Bank's current interest rates?
Following the QCB's 16 September 2026 decision (effective 17 September), the QCB Deposit Rate (QCBDR) stands at 4.10%, the QCB Lending Rate (QCBLR) at 4.60%, and the QCB Repo Rate (QCBRR) at 4.35%, each 25 basis points higher than before the decision.
What profit rate does Qatar Islamic Bank (QIB) charge for home finance?
QIB's own Home Finance page does not publish a headline rate (it cites a "competitive profit rate"); check with QIB for the current figure — note that a flat-rate quote understates the cost versus a reducing-balance rate. Actual pricing depends on the applicant's salary, employer, and the financing structure chosen.
Why is a bank's "flat rate" different from the rate used in amortization calculators?
A flat rate is calculated on the original principal for the life of the financing and does not account for the declining balance as payments are made, so it understates the true cost. A reducing-balance (declining-balance) rate, closer to an effective annual rate, is what should be used with the standard amortizing-payment formula to get an accurate monthly instalment.