What is an Automated Personal Loan?
This product is designed to provide personal loans to Housing Bank (Jordan) clients whose salaries are transferred to the bank through the branches and related business centers for the following categories: within a standard timeframe not exceeding 15 minutes and without any income documents except for the ID/military service certificate. This is a fully automated process (automation of the credit decision) through the loan system and disbursing the loans into the clients' accounts at the bank while being present at the branches.
Terms and Conditions
- The loan is exclusive to Housing Bank customers who meet the criteria.
- The customer must be committed to repayment with the bank and not have any outstanding dues.
- The client's salary transferred to the bank must be at least 350 JOD.
- Must have been a bank customer for at least 3 months with complete documents in their bank accounts for the service (personal loans with cash insurance guarantee).
- Must have repaid at least 25% of the nominal value of the current loan at the bank for the service (granting and repaying a current loan at the bank and/or increasing an existing loan at the bank).
- The client must not be blacklisted, and their current bank accounts must be in good standing not affecting the granting of the requested service.
- Must not be a guarantor for existing loans at the bank.
Loan specifications
- The maximum loan value is 20,000 JOD.
- Avail of competitive benefits related to pricing and credit granting commissions.
- Life insurance for the borrower (against payment of insurance commission).
- Subject to the bank's terms and conditions.
