Professional Loan

Professional Loan

​​​It is a personal loan designed to meet the personal needs of professionals.


Benefits
  • Loan tenor is up to 96 months.
  • Loan amount is up to JOD 100,000​.
  • Guarantor is not required.
  • Competitive interest rates.
  • Insurance on life and total disability.
  • Beneficiaries are:
    • Doctors who own private clinics.
    • Dentists’ who own private clinics.
    • Owners of pharmacies.
    • Engineers own engineering offices.
    • Legal accountants.
    • Specialized Doctors (Dentists are excluded).

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 through​gh 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.
  • Certificate to practice the profession and business establishment should not be less than 3 years​.
  • 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.
​

Benefits and conditions for specialized doctors​
  • To reside in Jordan – West Amman (Clinic and residency).
  • A credit card can be directly issued for clients. 
  • The maximum loan amount is according to the doctor’s experience:
    ​Experience​​
    		​Max. loan Amount (JOD)
    		​Tenor
    ​2 – 5 years
    		​35,000
    ​​​96 months ​
    ​ ​
    ​5 – 10 years
    		50,000
    ​More than 10 years
    		100,000
    ​​
Documentation​
  • Certificate of professional practice / valid professional license. 
  • Clinic lease contract / clinic ownership deed license (for clinic owners). 
  • Photocopy of ID
  • Clean record on CRIF
  • Bank statement for the last 3 months / declaration of income.