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Egyptian Arab Land Bank - Personal Loan
Reducing Rate
7.5%
Max. Financed Period
10Yrs
Min. Monthly Income
400JD
Max. Financed Amount
88,000JD
Guarantor Required
No
Salary Transfer
Yes
Quick Info
- Possibility of issuing a credit card exempt from issuance fees for the first year
- For Private & Public sectors
- Interest ranges between 7.5 - 9.0%
Main Features
- Possibility of increasing the amount of the existing loan "TOP UP"
- Possibility of buying loans from other banks "BUY OUT"
- Free life insurance matching loan amount
- Possibility of arranging a joint loan and approving the couple's income to determine the loan value
- Possibility of buying loans out from other banks and micro-financial institutions
- DBR up to 55%
- Minimum salary accepted is 400 JOD (Interest is 10.5% for salaried between 400 - 500 JOD)
- For private-sector employees, the company must be accredited by the bank
Required Documents
- Valid National ID for Jordanians
- Salary certificate and salary voucher for the last 3 months
- Bank statement for the last 6 months
- Social security disclosure
