It is a personal loan designed to meet the personal needs of professionals.
Benefits
- Loan tenor is up to 60 months.
- Loan amount is up to JOD 60000.
- Guarantor is not required.
- Competitive interest rates.
- Insurance on life and total disability.
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Beneficiaries are:
- Doctors who own private clinics.
- Dentists’ who own private clinics.
- Owners of pharmacies.
- Engineers own engineering offices.
- Legal accountants.
Conditions
- Applicants need to be Jordanian and 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 throughgh the bank's branches or the sales team.
- Minimum age for the applicant should not be less than 28 years old.
- Maximum age of the applicant at loan maturity is 70 years old.
- Minimum monthly income should not be less than JOD 2000.
- Minimum length of service should not be less than 3 years for establishing the business and not less than 5 years for holding the certificate.
- One-time processing fee (1% of the loan amount).
- Early settlement fee of 1% of the settled amount in case the remaining payments are more than 12 payments.
Documentation
- Photocopy of valid ID.
- 6 months’ bank statements.
- Valid professional license.
- Certificate of professional practice.
- Financial statement.
- Documents verifying clients’ net worth.
- The accredited personal loan application signed by the customer.