Housing Bank - Housing loan for Public Sector (Salary less than 1000 JDs and up to 80% Financing)

Reducing Rate
6.75%
Max. Financed Period
30Yrs
Min. Monthly Income
250JD
Down Payment
20%
Guarantor Required
No
Salary Transfer
Yes
Quick Info
  • 7% interest for financing between 80 - 90% of the property value
  • 7.25% interest for financing between 90-100% of the property's value
  • Salary must be transferred
Main Features
  • Buying or Construction Loan
  • Grace period up to 6 months in case of  purchase and up to 24 months for construction
  • Free credit card issuance fees for the first year only
  • The loan commission fee is 1% (only for the first year)
  • The ability of finance Self- employed and Expatriates
  • A guarantor is not required

Terms & Conditions:

  • Minimum loan amount is JD 5,000
  • Minimum loan tenor  is 12 months
  • Maximum DBR is 50% & up to 60% for Social Security Retirees
  • Minimum age is 18 years and not to exceed 70 years at the end of loan tenor
  • Minimum working experience is 3 months
  • Offer is subject to bank's terms and conditions
Required Documents
  • Valid national ID or valid passport for non-Jordanians
  • Income verification letter, latest Salary Slip, Bank statement  for the last 6 months
  • Social security subscription letter
  • Property organization Scheme, Site plan, construction license and property registration document and  contract of sale
  • Company registration certificate for entities, valid profession  license, practice profession license and association membership certificate
  • Property appraisal or construction cost