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Your Car Loan Ready When You Are! Your Car Loan Ready When You Are!

Your Car Loan Ready When You Are!

Apply now with a fixed interest rate starting from 3.99% (Flat Rate)

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Privileges

  • Financing up to 150,000 JOD
  • Financing up to 100% of the estimated car value
  • Loan tenor up to 8 years including grace period
  • Grace period up to 3 months
  • Financing non- Jordanians,Expatrites,Car owners residents  is available
  • Loan commission fees is 1% (only for the first year)
  • Low documentation financing up to 80 %

Documents Required

  • Valid national ID or valid passport for non-Jordanians
  • Income verification letter, latest salary slip, Bank statement for  the last 6 months
  • Social security subscription letter
  • Company registration certificate for entities, valid profession license, practice profession license and association membership certificate
  • Car appraisal
  • Car license
  • Final selling price offer
Note: The Bank has the right to request additional documents

Terms and Conditions

  • Minimum loan amount is 3,000 JOD
  • Minimum loan tenor is 12 months
  • Minimum income is 350 JOD
  • Maximum DBR is up to 50% and for social security retirees up to 60%" 
  • Minimum age is 18 years and not to exceed 75 years at the end of loan the tenor
  • Minimum working experience is 3 months for salaried employees ​​with stability , 4 months for non-salaried employees with stability , and one year for  Self-employed and professionals
  • Ability of finance Jordanian residents , non-Jordanian residents , non-Jordanian residents in Jordan (Arab and foreign nationalities)
  • Loan accounts will be transferred to non-performing loan account when payments of the interest or principal are past due by 90 days or more
  • Late payment penalty is 10 JOD due after 5 days of the payment maturity date for salaried customers, and after 2 days for self-employed customers
  • The offer expires on 31/12/2025.
  • The fixed interest is applied using a flat-rate method
  • All applications are subject to the bank’s terms and conditions

Own your dream car with a competitive interest rate and get the new additional privileges of our Auto Loan product.

Apply Now