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