Best Home Loan in Jordan - April 2022

Best Home Loan in Jordan - April 2022

Apr 16, 2022 by Amwalcom

If you are about to buy a house and need a home loan from a Jordanian bank to complete the purchase; You will discover that it is difficult to make sure that you are eligible for this loan because there are many reasons for rejecting a home loan in Jordan, and even if you are eligible for financing, finding the best offer from the banks is a daunting task and a huge mental challenge!!


Therefore, we have done the most difficult task and in this article, we present to you the best Jordanian banks for housing loans for the month of April 2022:

1- Jordan Kuwait Bank:


Advantages
  • 5.25% interest for 30 years and financing up to 80% of the property value
  • Employees of unaccredited companies in the private sector can be financed, provided that a guarantor is available on special conditions

Beware
  • The interest becomes 5.5% if the financing is more than 80% of the property value


2- Arab Jordan Investment Bank (AJIB)


Advantages
  • 5.5% interest for 30 years
  • Financing up to 90% of the property value

Beware
  • Employees of unaccredited companies can be financed in the private sector but at an interest rate of 10.25%.
  • Financing up to 20 years only for employees of non-accredited companies

3- Bank Al Etihad


Advantages
  • 5.5% interest for salaries above 1000 JDs
  • Financing up to 20 years and 80% of the property value

Beware
  • The interest increases by 0.5% if the financing is for 25 years or more than 80% of the property value

4- Capital Bank


Advantages
  • 5.5% interest
  • Financing up to 30 years and 80% of the property value

Beware
  • The interest of 5.5% is available to the public sector (a salary of more than 400 JDS) and the accredited private sector with a salary of more than 700 JDs
  • 5.99% interest and financing for up to 25 years for accredited private-sector employees with a salary of less than 700 JDs
  • 5.99% interest if the financing is 80 - 84%
  • 6.5% interest if the financing is 85 - 100%

5- Jordan Ahli Bank


Advantages
  • 5.5% interest for salaries over 1000 JDs
  • Financing up to 25 years
  • Up to 100% of the property value can be financed for the public sector and 90% for the accredited private sector

Beware
  • Financing for companies accredited by the bank only
  • The interest becomes 5.75% if the salary is less than 1000 JDs

One final note, the Islamic International Arab Bank can finance the military personnel at the lowest interest, as this percentage reaches 4.75%, but this percentage rises to 5.99% for employees of the governmental sector and the accredited private sector. Always remember that in all banks you must transfer your salary in order to get the home loan

**To compare all home finance offers click here
**All offers are subject to banks terms and conditions
**This article is not sponsored by any party

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