TRIBUNE NEWS NETWORK

DOHA

DOHA Bank has launched Gold Investment Loan product offered for the first time in Qatar on Saturday. The Gold Investment Loan is designed to facilitate the likelihood of investing in the gold market and in securing one’s future with the utmost ease.

The Gold Investment Loan will empower people with the ability to purchase a Gold contract at the spot rate and carry it forward to make serious earnings and it is all arranged by the bank.

Taking into consideration the fact that the price of gold has skyrocketed in the past couple of years and now is pondered as a must-have component for safeguarding the future, Doha Bank’s Gold Investment Loan will enable people to own gold contract without the vulnerability and costs associated with storing and moving physical gold.

Talking about the product, Doha Bank Group CEO R Seetharaman said, “With rising investors’ fears due to economic turmoil and political uncertainties in many parts of the world, it’s no wonder to seek gold as a safe haven for investing your money to reap the golden opportunities, and we have made it possible for every one of you.” He added, “You can now secure your money against inflation with the gold as a traditional store of value in the low-interest yielding economic environment currently prevailing.” Nabil Tabbara, Doha Bank’s executive manager of retail banking, said, “The Gold Investment Loan is adaptably created to give our valued customers and non-customers the option to invest in multiples of 10 ounces. Doha Bank will finance up to 80 percent of the gold value which gives our customers great prospects for investments, but rather through a loan facility which can be arranged to be paid on convenient monthly basis over an abundant 60 months repayment period likewise any other loan from Doha Bank.” He said, “And for the greatest flexibility you have the ability to liquidate the contract at any time you have incurred a satisfactory capital gain or whenever you are in need of money gold being a highly liquid asset.” The Gold Investment Loan is offered with the ultimate simplicity with no need to transfer one’s salary to Doha Bank or go through the hassle of complicated documentation procedures.