Covid-19 National Response Support Programe
Eligibility:
Covid-19 National Response Guarantee program can be claimed by the following beneficiaries:
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100% privately owned enterprises incorporated under the regulation applicable to Qatar.
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All such enterprises must have a valid commercial registration and license or other certification to prove incorporation and operation.
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To be eligible for the program, Qatari Partner should hold a minimum of 10% share in the beneficiary company’s capital.
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Given the nature of the Private Sector Stabilization Guarantee Scheme, it will be limited to enterprises with proven negative impact of the covid-19 outbreak.
Required Documents:
- Customer application form
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Request letter which clearly specifies loan tenure and amount limits for (rentals and salaries up to max. upcoming 12 months), and proposed repayment tenure of maximum tenure of 4 years for date of disbursement, and grace period of max. 36 months. And below are available loan duration and with corresponding interest rates:
|
Loan duration from origination |
Up to 2 years |
Up to 3 years |
Up to 4 years |
|
Applied interest rate |
No Interest |
QMR + 2% |
|
Current QMR rate is 3.75% as of 14 September 2022, available and updated on QCB portal.
- Clear and fresh copy of CR, trade license, and computer card for the borrowing company. Clear and fresh copy of partners’ IDs and passport copies for expatriate partners
- Staff payroll information for upcoming 6 months in excel format showing employee QID`s, ( Eligible employee salary is QAR10,000/- for any employees whose salaries exceeding QAR10,000, this is the max. amount that they will receive under this program )
- Valid rental contract(s) attested by the Municipality before April 2020 or proof for last 3 months rental payment which have been made before April 2020 or proof that property services ID (Kharma) registered under the tenant`s name before April 2020.
- Clear and fresh copy of the landlord`s or QID ( in case of individual) with account details.
- In case the rent paid cash or not appearing in QNB statement (either by Cheque or transfer) then proof that last 3 months rent has been paid to the landlord before April 2020.
All above requirements have to be sent to the email address: COVID19-NRGP@qnb.com, and please clearly mention in the email subject “COVID-19 – Company Name & Account No.”
How to Apply?
Please forward all the above-mentioned required documents to COVID19-NRGP@qnb.com for review, and the Relationship Manager will forward an application form to customers who are eligible.
Please make sure that all requirements are submitted in one email and is compressed as a ZIP format (NOT RAR format). Do not send any links for uploaded documents on external websites.
Please be informed that the last date allowed for request submission ( full documents ) is 30 September 2021.
Click the link to download Frequently Asked Questions