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Home / Consumer Banking and Wealth Management /

Housing Loan Offer 2024

Get your housing loan with 4.99% fixed interest for the first three years..
 
This campaign aims at encouraging first-time apartment buyers, subject to  providing the bank with a property verification report from the Department of Lands and Survey, indicating that there are no properties (residential apartments) under the names of the husband and wife.
 
Terms and conditions 
 
- Eligible Clients: Jordanian nationals, both residents and expatriates, who work in the private or public sector, as well as Jordanian professionals living abroad.
- Interest Rate: 4.99% fixed for the first 3 years from the date of execution, after which the interest rate becomes variable and the prevailing interbank rate at that time + 2.5% margin will apply.
- Maximum Loan Amount: 150,000 Jordanian Dinars.
- Debt Burden Ratio (DBR): As per the approved credit policy.
- Maximum Monthly Income of Client: 2,500 Jordanian Dinars.
- Purpose of the Loan: For purchasing ready-to-move-in apartments only (does not include other types of real estate loans such as refinancing loans, construction loans, or land purchase loans, etc.).
- Financing Ratio: As per the approved credit policy.
- Repayment Period: 25 years (300 months).
- Commissions and Fees: No origination fees, the bank will bear the registration fees.
 
All terms and conditions of the approved policies apply to any item not mentioned in this offer.


Exceptions from Financing:
 
 • Cases of property transfer to first-degree relatives.
• Financing for husband and wife if one of them already owns a residential property.
• Using the loan provided under the program to settle an existing loan for the client.
 
The program does not cover construction or independent housing units but is specifically for financing ready-to-move-in apartments.

 
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