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.
How to Apply
- Visit the nearest AJIB Branch