Best Personal Loan – Private Sector (June 2021)
Jun 1, 2021 by AmwalCom
In a previous
article, we talked about the reasons behind rejecting your personal loan
application. In this article, we present to you the best personal loan offers
in Jordan assuming you match the minimum requirements of the banks:
1- Bank of Jordan:
Features- 6.26% Interest Rate for Salaries > 1000 JDs
- 6.5% - 6.75% Interest for salaries < 1000 JDs
- Min. Salary: 350 JDs
- Financing period: Up to 8 years
Be Aware!- Salary Transfer is a must
- If the company you work for is unaccredited, you would need to mortgage land, a car, or a house
2-
Al Rajhi Bank:
Features- Interest Rate: 3.5% flat rate (6.47% reducing rate) if the financing
period is up to 3 years
- Sharia-compliant
Be Aware!- Interest rate increases as the financing period increases reaching up to
6.5% flat rate (12% reducing rate) if the financing period is 9 -10 years
- Loan is granted for accredited companies’ employees only
- Salary transfer is a must
- Min. Salary: 500 JDs
3-
Jordan Commercial Bank:
Features
- Interest Rate:
7.25% for accredited companies’ employees and a salary > 750 JDs
- Financing period:
Up to 10 years
- Unaccredited
companies’ employees can be granted
- No commission fees
for buyout loans (if the bank is to buy your existing commitment from another
bank)
Be Aware!- Salary transfer is
a must
- Interest Rate:
8.25% for accredited companies’ employees and a salary between 350 – 750 JDs
- Interest Rate: 10%
for non-accredited companies’ employees and a salary > 750 JDs
4-
Safwa Islamic Bank:
Features
- 4% flat rate (7.4% reducing rate) if the financing period is up to 5
years
- Sharia-compliant
- Min. Salary: 400 JDs
Be Aware!- Interest increases as the financing period increases reaching 4.5% flat
rate (8.32% reducing rate) if the financing period is 5-7 years
- Salary Transfer is a must
- Loan is granted for accredited companies’ employees only
- Financing period: Up to 7 years only
5-
Bank Al Etihad:
Features
- Interest Rate: 7.5%
- Min. Salary: 350
JDs for accredited companies’ employees
- Financing period:
Up to 10 years
- Unaccredited companies’
employees can be granted
Be Aware!- Min. Salary: 650
JDs for unaccredited companies’ employees
- Salary Transfer is
a must
**To compare
between all personal loan offers for the private sector, click here
**All offers are
subject to banks’ terms and conditions
**This article is
not sponsored by any party