Housing Loan Campaign for 4.99%

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Overview

.Enjoy a housing loan at an interest rate of 4.99% fixed for the first 3 years

Housing Loan Benefits

  • A loan value of up to JOD 150,000
  • 4.99% interest rate fixed for the first 3 years
  • Financing up to 100% of the property value
  • Repayment period up to 25 years
  • Exemption of the 1% arrangement/granting fees
  • Complimentary life insurance throughout the repayment period

Target Customers

  • Public sector employees
  • Private sector employees
  • Business Owners 
  • Expatriate Jordanians

Eligibility

  • The customer must be a first-time buyer of a ready residential apartment.
  • Maximum net income of JOD 2,500.

Terms & Conditions

  • The loan offers an interest rate of 4.99% fixed for the first 3 years. After this period, the interest rate will change based on the prevailing Interbank Rate plus a margin of 2.5%.
  • The customer bears all mortgage and property evaluation fees.
  • The customer must provide the Bank with the Family Book and a statement from the Department of Land and Survey to prove that no residential apartments are registered to the husband and/or the wife currently or previously.
  • Transfer of property between first-degree relatives is excluded from this campaign.  
  • This loan cannot be used to pay off any existing debts.
  • The campaign only applies to ready residential apartments. It does not include construction loans or land financing.