Top Four Housing Loans for Expats – August 2021

Aug 26, 2021 by AmwalCom

Living abroad can be stressful, this is why expats tend to buy estates in their hometown to stay in during their vacation or in case they decide to come back home.

Below are the top four housing loans for Jordanians living abroad:

1- Société Générale

Benefits:

• Interest Rate: 5.5%
• Financed Period: Up to 30 years
  
• No Mortgage fees
  

Caveats:

• Financing up to 60% of the house amount
• DBR: 40% of salary
  
• Work Experience: No less than two years
  
• Min. Salary: 1500 JDs
  

2- Bank of Jordan

Benefits:

• Interest Rate: 5.58%
• No mortgage fees
  
• No commission fees
  
• Financed Period: Up to 30 years
  
• DBR: 50% of the salary
  

Caveats:

• Work Experience: No less than 1 year
• Min. Salary: 2000 JDs
  
• Financing Up to 80% of the house amount
  

3- Jordan Kuwait Bank

Benefits:

• Interest Rate: 5.75%
• No Mortgage fees
  
• No commission fees
  
• Financed Period: Up to 30 years
  
• DBR: 50% of the salary

Caveats:

• Work Experience: No less than 1 year
• A guarantor with a transferred salary is a must
• Financing up to 70% of the house amount

Arab Bank:

Benefits:

• Interest Rate: 5.99%
• Financed Period: Up to 25 years
  
• DBR: 50% of the salary
  

Caveats:

• Min. Salary: 4000 JDs for Jordanians living in UAE, Qatar, and Kuwait
• Min. Salary: 3000 JDs for Jordanians in KSA and Oman and 2000 JDs for Jordanians in Bahrain
  
• Financing up to 75% of the house amount
  
• Work Experience: No less than 1 year
  

**You can compare between all housing loan offers here
**All offers are subject to the banks’ terms and conditions
**This article is not supported by any party