Loan amount is up to JOD 70000 for public and private sectors.
Buy out loans facility is available.
Free card issuance fee for the first year.
Insurance on life and total disability.
A guarantor is not required.
Interest rate starting from 9.5% (Reducing).
Applicants need to be Jordanian residents
Applicants to be fully eligible with a good reputation and track record.
Applicants not to be blacklisted
Applicants not to have any past dues related to previous loans at time of lending.
Applicants need to apply for the loan directly through the bank's branches or the sales team.
Salary transfer is required.
Minimum age for the applicant should not be less than 21 years old.
Maximum age for the applicant, from public sector, at loan maturity is 60 years old for males and 55 years old for females except for social security retirees, military or civil retirees where the maximum age at loan maturity is 70 years old.
Maximum age for the applicant, from private sector, at loan maturity is 60 years.
Minimum monthly net salary should not be less than 300 for new clients in public sector and JOD 350 for private sector from the bank’s accredited companies list.
Minimum length of service should not be less than 6 months for public sector and 12 months for private sector and for members of the armed forces (3 years for rank “wakeel” or below, one year for females, and 6 months for civilians) and 3 years for members in the civil defense.
1% commission calculated on the loan amount retrieved once.
Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.