Best Home Maintenance Loans – June 2021

Jun 7, 2021 by AmwalCom

Did you know that there are loans specifically for home maintenance? Do not be surprised as few banks only offer this service in Jordan. Below are the few offers available in the market ranked based on the interest rate for June 2021:

1- Bank Al Etihad

Features

• Interest Rate: 6.5%
• Min. Salary: 350 JDs for both private sector and public sector employees
  
• Accreditation of a company is not a requirement for private sector employees
  
• Financing period: Up to 8 years
  
• Max. Financed Amount: Up to 100,000 JDs
  

Caveats!

• Salary transfer is a requirement
• Min. Financed amount: 15,000 JDs
  
• Down payment: 20% for maintenance and 40% for building expansion
  

2- Jordan Commercial bank

Features

• Interest Rate: 8.25%
• Min. Salary: 350 JDs for both private sector and public sector employees
  
• Accreditation of company is not a requirement for private sector employees
  
• Financing period: Up to 8 years
  
• Max. Financed Amount: Up to 125,000 JDs
  
• Down payment: 0% for both maintenance and expansion
  

Caveats!

• Salary transfer is a requirement

3- Arab Bank

Features

• Interest Rate: 8.5%
• Min. Salary: 400 JDs for both private sector and public sector employees
  
• Accreditation of company is not a requirement for private sector employees
  
• Financing period: Up to 10 years
  
• Min. Financed Amount: 5000 JDs
  
• Max. Financed Amount: Up to 200,000 JDs
  
• Down payment: 15% for maintenance if the financed amount < 100,000 JDs
  

Caveats!

• Salary transfer is a requirement
• Down payment: 25% for maintenance if the financed amount ≥ 100,000 JDs and < 200,000 JDs
  

** To compare between all housing loan offers, click here
** All offers are subject to the banks’ terms and conditions
** This article is not sponsored by any party