QNB tailored products for SMEs in the education sector:
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Asset Finance: Equipping of offices
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Education Premises Finance: Financing the construction of offices or renovation of existing ones or the purchase and acquisition of assets of an existing business
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Multi-Product Package (MPP): A range of credit facilities up to QR10m
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Vehicle Loan & Vehicle Lease: Vehicles for business use and guest transport
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Working Capital Finance: Financing daily operations with short-term loans or overdraft to pay for F&B, consumables, rent, salaries and general operating costs
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SMEs Credit Card: Better management of your cash flow
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Al Dhameen: Helping startups and SME owners obtain easier access to financing
Eligibility
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Kindergarten, daycare centers, centers for after school activities, and private schools
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Company must have a QNB corporate account
Benefits
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More favorable fees and interest rates
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Easy access to loans
How to Apply
Visit any corporate QNB branch CSO and follow the below instructions:
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Fill & sign the Account Opening Form,
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Fill & sign the Accounts Services Terms and Conditions,
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Fill & sign the Customer Information Application Corporate/KYC,
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Signature Cards duly signed in presence of Bank representative,
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Sign Authorized Signature list,
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Provide Commercial Registration number,
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Provide Computer Card,
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Authorized ID of all Partners & Authorized Signatories to be provided,
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Memorandum and Articles of Association to be provided (if any),
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Make a minimum deposit of QR30,000 to open a corporate account