Clinics Financing Loan

A commercial loan designed to meet the business needs of doctors through financing the purchase of clinics.

Competitive interest rate.
Loan tenor up to 96 months.
Loan amount up to JOD 250,000.
Financing up to 90% of the estimated property value.
Life and total disability insurance.
Possibility of granting a Credit Card free from issuance fees for the first year.
Comprehensive insurance on the property.
Beneficiaries are:
Jordanian Doctors who operate their private clinics and reside in Jordan.

Terms and Conditions

Doctors who reside in Jordan.
Fully eligible with a good reputation and track record.
Not blacklisted
Do not have any past dues related to previous loans at time of lending.
Applicant needs to apply for the loan directly through the bank’s branches or the sales team.
The completion of a loan application available at the bank's branches.
Applicant age should not be less than 28 years and not more than 70 years old at loan maturity.
Minimum acceptable monthly income is JOD 2,000.
Minimum length of service in the applicant’s private clinic should not be less than 2 years.
First degree mortgage on the property in favor of the bank
One-time processing fee (1% of the loan amount).
The customer bears the mortgage fees.
Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.

Photocopy of valid ID.
6 months’ bank statements for the existing clinic, if not available, the borrower can provide the bank with his personal account statement.
Valid professional license.
Certificate of professional practice.
Financial statement for the borrower’s current clinic.
Cash flow statement.
Documents verifying customer’s net worth / assets.
Loan application completed and signed by the customer.
Contract agreement with the vendor.
Loan agreement signed by the customer.
One Property/Mortgage appraisal from an accredited agency to the bank, and two appraisals are required if the loan is more than JOD 100,000.