- 0% interest
- Flexible repayment period up to 12 months maximum
- Transparent fees: the commission is shared equally between the landlord and the tenant/the school and parent as per below:
- If the amount is financed in a single installment: a commission of 6% shall be paid by the customer and 6% shall be paid by the landlord or school.
- If the amount is financed in two installments: a commission of 5% shall be paid by the customer and 5% shall be paid by the landlord or school.
Example: If the annual rent is JOD 3,000 and financed in a single payment, the commission is calculated as follows: 3,000 × 6% = JOD 180 paid by the customer in advance, and the same amount is deducted from the landlord’s before issuing the cheque.
- The bank will pay the landlord or school directly based on the finance option.
- Commission amount will be refunded in case of early settlement, subject to AJIB's internal procedures.
- Late payment fee of JOD 10 per month applies, without collecting any accumulated interest.
