Loan overview
Privileges
Financing up to 100% of the estimated property value
Loan tenure up to 30 years including a grace period for new granting loans
Grace period up to 6 months in case of purchase and up to 24 months for construction
Free credit card issuance fees for the first year only
Interest rate starting from 5.75% for salaried customers
Loan commission fees are 1% (only for the first year)
The ability of finance Self-employed and Expatriates
Ability to Buyout loans from other banks
A guarantor is not required
Terms & Conditions:
The minimum loan amount is JD 5,000
The minimum loan tenure is 12 months
The minimum income is JD 250
Maximum DBR is 50% & up to 60% for Social Security Retirees
The minimum age is 18 years and not to exceed 70 years at the end of loan tenure
Minimum working experience is 3 months
Required documents
Valid national ID or valid passport for non-Jordanians
Income verification letter, latest Salary Slip, Bank statement for the last 6 months
Social security subscription letter
Property organization Scheme, Site plan, construction license, and property registration document, and contract of sale
Company registration certificate for entities, valid profession license, practice profession license, and association membership certificate
Property appraisal or construction cost
The Bank has the right to request additional documents.