Best Personal Loan for the Public and Private Sectors in Jordan - April 2022

Best Personal Loan for the Public and Private Sectors in Jordan - April 2022

Apr 15, 2022 by Amwalcom

A personal loan is a sum of money that you can borrow from banks or finance companies and you can use to cover any personal needs. Of course, you will return the full amount to the bank in addition to the interest accrued from it according to the loan amount and the repayment period. Below we put in your hands the best personal loans in Jordan for public and private sector employees for the month of April 2022


Of course, in all cases, your salary must be transferred to the bank from which you want to take the loan, and if you are an employee of a private company, the company must be approved by the bank in most cases


1- Bank of Jordan


Advantages

6.26% interest for salaries over a thousand dinars

Beware

The interest becomes 6.66% if your salary is less than a thousand dinars

Repayment period of up to 8 years only

Interest can increase depending on your credit status


2- Al Rajhi Bank


Advantages

Murabaha 6.47% if the financing is up to 3 years

Beware
Murabaha becomes 9.25% if the financing is for up to 5 years and it increases more the longer the financing period

3- Arab Jordan Investment Bank (AJIB)


Advantages

6.5% interest for salaries over 300 dinars

Financing up to 10 years

4- Jordan Kuwait Bank


Advantages

6.5% interest if the financing period is 8 years

Employees of unaccredited companies can be financed provided that there is a sponsor working in an approved company. Arrange a transfer to the bank of no less than 500 dinars

Beware
The interest becomes 6.75% if the financing is up to 10 years

5- Arab Bank


Advantages

interest 6.99%
Financing up to 10 years


Of course, the approval to give the loan by the bank goes through several stages, where the required amount must be commensurate with your income and current obligations, and the bank inquires about your credit situation and any financial issues you are a party to, and this query may be a reason for rejecting your request

You can find the reasons for rejecting a personal loan in Jordan in this article

To compare all personal loans in Jordan click here
All offers are subject to the terms and conditions of the banks
This article is not sponsored by any party

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