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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%

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Privileges

  • Financing up to 150,000 JOD.
  • Financing up to 100% of the car’s estimated value.
  • Loan tenor up to 8 years, including a grace period
  • Grace period up to 3 months.
  • Financing non-Jordanians, expatriates, and resident car owners.
  • Loan commission fees are 1% (applied in the first year only).
  • Low-documentation financing available for 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.
*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.
  • 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.

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