Best Housing Loan for the Public Sector Employees (June 2021)

Best Housing Loan for the Public Sector Employees (June 2021)

Jun 15, 2021 by AmwalCom

If you are an employee in the public sector and looking for a housing loan, the interest rate differs upon the monthly salary. In this article, we present to you the best housing loans in Jordan for all salary groups (< or > 1000 JDs):

Salaries less than 1000 JDs:


1- Societe Generale


Benefits
  • Interest Rate: 5.5%
  • No mortgage fees
  • Min. Salary: 200 JDs
  • Downpayment: 10% of the house amount for a 20-year financed period
Caveats:
  • Commission fee of 1% of the loan amount
  • Salary transfer is a must
  • Downpayment: 15% for a 25-year financed period
  • Downpayment: 20% for a 30-year financed period

2- Safwa Islamic Bank:


Benefits:
  • Interest Rate: 5.75%
  • Min. Salary: 300 JDs
  • Financed Period: Up to 25 years
  • Downpayment: 10% of the house value
  • No mortgage fees
Caveats:
  • Salary Transfer is a must
  • Commission fee of 1% of the loan amount
  • Interest rate: 6% if there is no downpayment

3- Al-Rajhi Bank:


Benefits:
  • Interest Rate: 5.75%
  • No mortgage fees
  • Financed Period: Up to 30 years
  • Min. Salary: 300 JDs
  • Downpayment: 10% of the house amount
Caveats:
  • Commission fee: 1% of the loan amount
  • Salary Transfer is a Must

4- Jordan Kuwait Bank:


Benefits:
  • Interest Rate: 5.75%
  • No mortgage or commission fees
  • Min. Salary: 300 JDs
  • Financed Period: Up to 30 years
Caveats:
  • Salary Transfer is a Must

5- Arab Bank:


Benefits:
  • Interest Rate: 5.99%
  • No mortgage or commission fees
  • Min. Salary: 400 JDs
  • Financed Period: Up to 25 years
  • Downpayment: 10% of the house amount
Caveats:
  • Salary Transfer is a Must

Salaries above 1000 JDs:


1- Societe Generale:


Benefits:
  • Interest Rate: 5.5%
  • No mortgage fees
  • Downpayment: 10% of the loan amount for a financed period of 20 years
Caveats:
  • Mortgage fees of 1% of the loan amount
  • Salary Transfer is a Must
  • Downpayment: 15% of the house amount if the financed period is for 25 years
  • Downpayment: 20% of the house amount if the financed period is for 30 years

2- Bank of Jordan:


Benefits:
  • Interest Rate: 5.58% for salaries > 2000 JDs
  • Downpayment: 20% of the house amount
  • Financed period: Up to 25 years
Caveats:
  • No mortgage or commission fees
  • Interest Rate: 5.99% for salaries< 2000 JDs
  • The interest rate could increase depending on your credit report
  • Salary Transfer is a Must

3- Jordan Kuwait Bank:


Benefits:
  • Interest Rate: 5.75%
  • No mortgage or commission fees
  • Financed Period: Up to 30 years
Caveats:
  • Salary Transfer is a Must

4- Housing Bank:


Benefits:
  • Interest Rate: 5.75% if the downpayment is 20% of the house amount
  • Financed Period: 30 years
Caveats:
  • Salary Transfer is a Must
  • The client will pay Mortgage and commission fees
  • Interest Rate: 6% for downpayment 10-20% of the house value
  • Interest Rate: 6.75% for downpayment 0-10% of the house value

5- Safwa Islamic Bank:


Benefits:
  • Interest Rate: 5.75%
  • Financed Period: Up to 25 years
  • Downpayment: 10% of the house value
  • No mortgage fees
Caveats:
  • Salary Transfer is a Must
  • Commission fee of 1% of the loan amount
  • Interest Rate: 6% for downpayment of 0%
**To compare between housing loan offers for the public sector click here
**All offers are subject to the banks' terms and conditions
**
This article is not sponsored by any party

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