Loans/ Credit Facilities

Professional Loan

​​It is a personal loan designed to meet the personal needs of professionals.


Benefits
  • Loan tenor is up to 60 months.
  • Loan amount is up to JOD 60000.
  • Guarantor is not required.
  • Competitive interest rates.
  • Insurance on life and total disability.
  • Beneficiaries are:
    • Doctors who own private clinics.
    • Dentists’ who own private clinics.
    • Owners of pharmacies.
    • Engineers own engineering offices.
    • Legal accountants.

Conditions
  • Applicants need to be Jordanian and residents.
  • Applicants to be fully eligible with a good reputation and track record.
  • Applicants not to be blacklisted
  • Applicants not to have any past dues related to previous loans at time of lending
  • Applicants need to apply for the loan directly through the bank's branches or the sales team.
  • Minimum age for the applicant should not be less than 28 years old.
  • Maximum age of the applicant at loan maturity is 70 years old.
  • Minimum monthly income should not be less than JOD 2000.
  • Minimum length of service should not be less than 3 years for establishing the business and not less than 5 years for holding the certificate.
  • One-time processing fee (1% of the loan amount).
  • Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.

Documentation
  • Photocopy of valid ID.
  • 6 months’ bank statements.
  • Valid professional license.
  • Certificate of professional practice.
  • Financial statement.
  • Documents verifying clients’ net worth.
  • The accredited personal loan application signed by the customer.

Clinics Financing Loan

A commercial loan designed to meet the business needs of doctors through financing the purchase of clinics.


 Loan Features
  • Competitive interest rate.
  • Loan tenor up to 96 months.
  • Loan amount up to JOD 250,000.
  • Financing up to 90% of the estimated property value.
  • Life and total disability insurance.
  • Possibility of granting a Credit Card free from issuance fees for the first year.
  • Comprehensive insurance on the property.
  • Beneficiaries are:
    Jordanian Doctors who operate their private clinics and reside in Jordan.  


 Terms and Conditions

  • Doctors who reside in Jordan.
  • Fully eligible with a good reputation and track record.
  • Not blacklisted
  • Do not have any past dues related to previous loans at time of lending
  • The completion of a loan application available at the bank's branches.
  • Applicant age should not be less than 28 years and not more than 70 years old.
  • Minimum acceptable monthly income is JOD 2,000.
  • Minimum length of service in the applicant’s private clinic should not be less than 2 years.
  • First degree mortgage on the property in favor of the bank
  • One-time processing fee (1% of the loan amount).
  • The customer bears the mortgage fees.
  • Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.  


Documentation
  • Photocopy of valid ID. 
  • 6 months’ bank statements for the existing clinic, if not available, the borrower can provide the bank with his personal account statement.
  • Valid professional license.
  • Certificate of professional practice.
  • Financial statement for the borrower’s current clinic.
  • Cash flow statement.
  • Documents verifying customer’s net worth / assets.  
  • Loan application completed and signed by the customer.
  • Contract agreement with the vendor. 
  • Loan agreement signed by the customer.
  • One Property/Mortgage appraisal from an accredited agency to the bank, and two appraisals are required if the loan is more than JOD 100,000.

Personal Loan against salary transfer (Private & Public Sectors)

Loans granted to individuals from the public and private sectors against salary transfer to meet their personal needs.


Benefits
  • Loan tenor is up to 96 months.
  • Loan amount can go up to JOD 150,000 for Private Sector. 
  • Loan amount can go up to JOD 110,000 for Public Sector. 
  • Buy out loans facility is available.
  • Free card issuance fee for the first year.
  • Insurance on life and total disability.
  • Guarantor is not required.
  • Competitive interest rates.

Conditions
  • Applicants need to be Jordanian residents
  • Applicants to be fully eligible with a good reputation and track record.
  • Applicants not to be blacklisted
  • Applicants not to have any past dues related to previous loans at time of lending.
  • Applicants need to apply for the loan directly through the bank's branches or the sales team.
  • Salary transfer is required.
  • Minimum age for the applicant should not be less than 21 years old.
  • Maximum age for the applicant, from public sector, at loan maturity is 60 years old for males and 55 years old for females except for social security retirees, military or civil retirees where the maximum age at loan maturity is 70 years old.
  • Maximum age for the applicant, from private sector, at loan maturity is 70 years.
  • Minimum monthly net salary should not be less than JOD 700 for new clients in public sector (Armed Forces / Public Security Directorate / Military Retirees), not less than JOD 500 (Other Public Sector employees / Ministries/ civil retires).
  • Minimum monthly net salary should not be less than JOD 350 for private sector from the bank’s accredited companies list and JOD 500 for non-accredited companies.
  • Minimum length of service should not be less than 6 months for public sector and 6 months for private sector and for members of the armed forces (3 years for rank “wakeel” or below, one year for females, and 1 year for civilians).
  • One-time processing fee (1% of the loan amount).
  • Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.
​
Required Documents
  • Photocopy of valid ID.
  • Salary pay-slip for the recent month/ salary certificate where the date and the type of employment are indicated.
  • 6 months bank statement.

Car Loan

Loans for financing new​ and used cars (European, Japanese, Korean, German, American, British and Chinese models), with flexible terms and conditions. Car loans are granted for Jordanian residents working in public and private sectors, professionals and self-employed.


Benefits
  • Loan tenor is up to 96 months.
  • Loan financing is up to 100%.
  • Customers of this loan are covered with life and total disability insurance, according to the accredited insurance procedure.
  • Salary transfer is not mandatory.
  • Guarantor is not required.​
  • Competitive interest rates.
  • A loan amount can reach JOD 130,000.
  • Financing the Green (electric and hybrid) cars with preferential interest rate and exemption of processing fee (1%).
  • ​Possibility of financing against ID.

Conditions
  • Applicants need to be Jordanian residents.
  • Applicants to be fully eligible with a good reputation and track record
  • Applicants not to be blacklisted
  • Applicants need to apply for the loan directly through the bank's branches or the sales team.
  • ​​​Applicants not to have any past dues related to previous loans at time of lending.
  • Minimum monthly salary / income
    ​Segment
    		​New Cars
    		​Used Cars
    ​Salaried employees – Private / Public Sectors (Accredited companies)
    ​​JOD 350
    		​JOD 350
    ​Salaried employees – Private Sector (Non accredited companies)
    		​JOD 500
    ​Professionals & Self-employed
    		​​JOD 1000​

  • The car only with a zero mileage for 2 years is considered “New” otherwise, the car is considered “used” even if the car manufacturing year is the same as the year of loan application.
  • The purchased car remains mortgaged for the benefit of the bank until the end of loan period
  • Minimum age for the applicant should not be less than 21 years old.
  • Maximum age of the applicant at loan maturity is 60 years old and 70 years old for retirees and professionals.
  • Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.

Required Documents

For customers with salary transfer & non-salary transfer:

  • Photocopy of valid ID.
  • ​Photocopy of the seller’s car license (for used cars).
  • Car dealer price quotation (for new cars) including all car details mentioning the final car price.
  • Appraisal of the car (for used cars) by the bank’s accredited car assessors and a copy of the sales contract.
  • Salary pay-slip for the recent month.
  • 3 months’ bank statements for salaried employees.
  • Comprehensive insurance equivalent to the loan amount for the first year in favor of the bank is required.

For professionals and self-employed:

  • Photo copy of valid ID.
  • Photocopy of the seller’s car license (for used cars).​
  • Car dealer price quotation (for new cars) including all car details mentioning the final car price.
  • Appraisal of the car (for used cars) by the bank’s accredited car assessors and a copy of the sales contract.
  • 6 months’ bank statements.
  • Financial statement.
  • Certificate of professional practice.
  • Valid vocational license.
  • Commercial registration certificate.​




Housing and Mortgage Loans

Loans granted to individuals working in the public and private sectors, professional, self-employed and expatriates for the following purposes:

  • Buying houses and apartments
  • Construction for residential purposes.
  • Housing loan buy out from other banks.

Benefits
  • Loan tenor is up to 30 ​years.
  • Financing purchasing or building of houses is up to JOD one million​.
  • Financing purchasing of houses in compounds is up to JOD 450000.
  • Loan financing is up to 100%.
  • Free card issuance fee for the first year.
  • Life, total disability and mortgage insurance.
  • Competitive interest rates.

Conditions
  • Applicants to be fully eligible with a good reputation and track record.
  • Applicants not to be blacklisted
  • Applicants not to have any past dues related to previous loans at time of lending.
  • Applicants need to apply for a loan directly through the bank's branches or the sales team.
  • Minimum monthly income should not be less than JOD 300 for public sector, JOD 400 for private sector, JOD 600 for joints borrowers, JOD 1000 for professionals and self-employed and JOD 3000 – JOD 3500 for Jordanian expatriates (Depends on the country and the loan amount).
  • • Minimum length of service should not be less than 6 months for public sector, 12 months for private sector, 3 years for professionals and self-employed, 6 months for Jordanian expatriates with previous experience of minimum 1 year is proven.​
  • Minimum age for the applicant should not be less than 21 years old.
  • Maximum age of the applicant at loan maturity is 75 years old.
  • The property remains mortgaged for the benefit of the bank until the end of loan period
  • ​One-time processing fee (1% of the loan amount).
  • Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.

Required Documents
  • Photocopy of valid ID.
  • 6 months’ bank statements.
  • Property/Mortgage appraisal from accredited agencies to the bank, and two appraisals are required if the loan is > than 100,000
  • Property initial selling contract
  • Housing loan application completed and signed by the customer
  • Cash flow statement and financial declaration for professionals
​
  • Program A: Personal loan purposes against mortgage Or maintenance / expansion of an existing house.​
  • Program B: Buying lands

Benefits
Program A:
  • Loan tenor is up to 96 months.
  • Loan amount is up to JOD 100,000.
  • Financing up to 80% of the estimated property value, and up to 50% of the estimated land value.
Program B:
  • Loan tenor is up to 96 months.
  • Loan amount is up to JOD 250,000.
  • Financing up to 80% of the estimated land value.

Conditions
  • Applicants to be fully eligible with a good reputation and track record.
  • Applicants not to be blacklisted.
  • Applicants not to have any past dues related to previous loans at time of lending.
  • Applicants need to apply for a loan directly through the bank's branches or the sales team.
  • Minimum monthly income should not be less than JOD 300 for public sector, JOD 400 for private sector, JOD 600 for joints borrowers, JOD 1000 for professionals and self-employed and JOD 3000 – JOD 3500 for Jordanian expatriates (Depends on the country and the loan amount).
  • The property is first degree mortgaged for the benefit of the bank and should be owned by the borrower or spouse (husband / wife).
  • ​​One-time processing fee (1% of the loan amount).
  • Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.

Required Documents
  • Photocopy of valid ID.
  • 6 months’ bank statements.
  • Property/Mortgage appraisal from accredited agencies to the bank, and two appraisals are required if the loan is > than 100,000
  • Mortgage initial selling contract in program B
  • Mortgage loan application completed and signed by the customer
  • Cash flow statement and financial declaration for professionals​
    ​

Salary in advance (Overdraft)

This scheme enables salary-transferred customers (public or accredited companies from private sectors) to withdraw their salaries or part of it in advance, thus providing extra income to customers to meet urgent needs.


Benefits
  • Interest rate 18% calculated on the maximum daily balance.
  • Overdraft amount is up to JOD 5000.

Conditions
  • Applicants to be fully eligible with a good reputation and track record.
  • Applicants not to be blacklisted.
  • Minimum age for the applicant should not be less than 21 years old.
  • Maximum age of the applicant at loan maturity is 60 years old with the exception of social security retirees, military and civil retirees, the maximum age at loan maturity is 70 years old.
  • Minimum length of service should not be less than 6 months for public sector, 12 months for private sector.
  • At Least one-month salary should be transferred to the bank.
  • Minimum monthly net salary should not be less than JOD 200 for public sector and JOD 300 for private sector from the bank’s accredited companies list.
  • Minimum limit is JOD 50 for public and private sectors.
  • Undertaking of salary transfer