DOHA: Qatar Development Bank (QDB) has launched a dedicated competitive financing policy to promote the local private healthcare businesses aiming to transform the sector as the centre of excellence, said a press statement yesterday.
The new product ensures easy credit facilities of up to 80 percent financing for healthcare businesses with a maximum repayment period of up to 12 years.
Under the new credit policy QDB will provide comprehensive financing solutions to a wide range of healthcare projects, such as the construction of diagnostics clinics, specialised medical centres and therapeutic centres. The bank will also provide finance for specialised healthcare equipment, furniture and vehicles used for healthcare purposes.
It offers 70 percent of financing to healthcare construction projects, and 80 percent of financing to all types of specialized healthcare equipment. Applicants can avail of flexible loan repayment period, which can go up to 12 years with three years payment holiday for new projects, and 10 years with two years payment holiday for existing projects.
© The Peninsula 2013
