Document Credit Facility

All your international trade solutions are now in one place.

We fully understand the needs of a dynamic business, that's why we offer refinancing options at preferred rates. If you are importing goods for your business or buying from a local market with a letter of credit, you can use short-term Document Credit Facility for the payment of the goods.
 

Eligibility

  • QNB Customer with a corporate account
  • Business must be in operation for over 6 months

How to use or apply

 
Visit your QNB Relationship Manager and provide the following:
 
  • Company profile
  • Copy of recent and valid commercial registration
  • Copy of valid license issued by the municipality
  • ID/CR copies of partners/owners and authorized signatories ( If borrower is owned by another company the CR of that company)
  • Full audited reports of 3 last years
  • Valid quotation
  • Last 6 months non-QNB account statements (if any)

Benefits & Features

  • Dedicated Relationship Manager
  • Supports your short-term purchase needs
  • Bank will ask the cash flow of the sales of this purchase to make sure that the receivables are directed to QNB accounts

Frequently Asked Questions

I am not a QNB customer, can I apply for the loan?

No, you have to be a QNB customer.

 

Am I be eligible for the DCF if I have a Letter of Credit from the Bank?

It is not an automatic approval. Eligibility depends on the goods you purchase, your sector and your company profile.

 

What is the maturity of the loan?

It depends on the goods you purchase, the sector and your company profile.

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