Housing Loans

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.