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Egyptian Arab Land Bank - Used Car Loan for Private Sector (Salary Transfer)

Flat Rate
5.18%
Max. Financed Period
8Yrs
Min. Monthly Income
400JD
Down Payment
0%
Guarantor Required
No
Salary Transfer
Yes
Quick Info
  • Special Interest Rates
  • No Commission Fees
  • Financing up to 100%
Main Features
  • Financing up to 75000 JD for cars and up to 175000 JD per client
  • Actual interest is calculated according to the interbank rate when the loan is executed
  • Financing for used cars if inspection results are accepted by the bank
  • Car can be registered to first-class relatives; subject to the owner's warranty
  • Financing all car makes except for Chinese cars
Required Documents
  • Valid National ID for Jordanians
  • Salary certificate and salary voucher for the last 3 months for the public sector and 6 months for the private sector or proof of income for professionals and business owners
  • Bank statement for the last 6 months
  • Social security disclosure for private sector
  • Copy of the car license in the name of the current owner for used cars
  • Car price quote from the dealership for new cars
  • estimation value for used car by bank's appraisal