Loans granted to individuals from the public and private sectors against salary transfer to meet their personal needs.
Benefits
- Loan tenor is up to 96 months.
- Loan amount can go up to JOD 150,000 for Private and Public Sectors
- Buy out loans facility is available.
- Free card issuance fee for the first year.
- Insurance on life and total disability.
- Guarantor is not required.
- Competitive interest rates.
Conditions
- Applicants need to be Jordanian residents or non-Jordanians (Palestinians) who hold a 2-year temporary passport (Terms and Conditions apply).
- Armed Forces and Air Forces ranked lieutenant, and holds a university degree, and age less than 31 years.
- Secret Intelligence Department: Rank lieutenant and higher.
- Social Security Retirees (Civil / Military).
- 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 private and public sectors, at loan maturity is 70 years. Public sector employees should a have a sufficient contribution to social security (not less than 180 contribution), upon retirement.
- Minimum monthly net salary should not be less than JOD 500 for public sector (Armed Forces /Air Forces/Military Retirees/ Secret Intelligence Department), not less than JOD 400 (Ministries/Other Public Sector employees / Social Security Retirees/ Civil Retires).
- Minimum monthly net salary should not be less than JOD 700 for new clients in public sector (Armed Forces / Public Security Directorate / Military Retirees), not less than JOD 500 (Other Public Sector employees / Ministries/ civil retires).
- Minimum monthly net salary should not be less than JOD 350 for private sector from the bank’s accredited companies list and JOD 500 for non-accredited companies.
- Minimum length of service should not be less than 6 months for public sector and 6 months for private sector and for members of the armed forces, air forces, and secret intelligence department is 1 year.
- One-time processing fee (1% of the loan amount).
- Minimum length of service should not be less than 6 months for public sector and 6 months for private sector and for members of the armed forces, air forces, and secret intelligence department is 1 year.
- Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.
Required Documents
- Photocopy of valid ID.
- Salary pay-slip for the recent month/ salary certificate where the date and the type of employment are indicated.
- 6 months bank statement.
- Family notebook for joint borrowers.