Loan Extension Relief

The Qatar Central Bank has issued a circular number 5 on the 22nd of March 2020 requesting all banks in Qatar to postpone all payments installments and interest for six months period. This program covers only companies that have affected by the COVID-19 outbreak. There is no precise mechanism about the process. However, you have to submit the file that proves the subject matter to your bank, and the latter will study the file worth the credit Committee within a maximum of 14 days. Afterward, the bank will get back to you with the decision (acceptance or rejection).