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Arab Jordan Investment Bank - Home Loan for Private Sector
Reducing Rate
6.25%
Max. Financed Period
25Yrs
Min. Monthly Income
400JD
Down Payment
20%
Guarantor Required
No
Salary Transfer
No
Quick Info
- Financing up to 80%
- Minimum salary 400 JD
- competitive interest rates
Main Features
- A loan value of up to JD500,000
- Funding of up to 80% of the home’s value
- Repayment periods of up to 300 months (25 years)
- 1% commission only for the first year
- 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
