Arab Jordan Investment Bank - Home Loan for Private Sector
Reducing Rate
5.5%
Max. Financed Period
30Yrs
Min. Monthly Income
400JD
Down Payment
10%
Guarantor Required
No
Salary Transfer
Yes
Quick Info
- Company must be accredited
- No Commissions Fee
- No Mortgage Fee up to 1000 JDs
Main Features
- Salary must be transferred
- Financing up to 90% of property value
- A loan value of up to JD500,000
- The ability to buy loans from other banks at competitive interest rates
- Joint loans for immediate relatives and family members
- Complimentary life insurance for the debtor throughout the repayment period
Required Documents
- A valid Jordanian ID or a valid passport for non-Jordanians
- Salary transfer letter
- Signed and stamped three-months salary slips
- Signed and stamped six-months bank statement
- Utility bill
- Liability/clearance letter
- Property registration document (property deed) and land blueprint (land map issued by the Land Registration Department), and site location blueprint for the property to be financed
- A report of the estimated value of the property issued by an accredited evaluator of AJIB
- Initial sale contract of the property
- Proof of advanced payment
