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Business vehicles loan program

Financing ceiling up to (550,000.00 JD)

This program is intended to finance the purchase and renewal of business vehicles of all kinds.

Beneficiaries

  • Vocational persons, craftsmen & individual businessmen within various economic sectors
  • Firms, small and medium companies within various economic sectors
  • Private Schools

Interest Rate

Interest rate is equivalent to Overnight Interbank price + margin to be defined by the Bank, or interest rate to be applied in accordance with applicable rates by the bank in loan granting date.

Financing Ceiling

Financing ceiling up to (550,000.00 JD)

Percentage of Financing

The borrower has to contribute by at least 10% of new cars costs and at least 20% of second hand vehicles.

Loan Term

Repayment period is up to seven years including grace period up to a maximum of 6 months

Guarantees

Mortgaging the car which is requested to be financed and any guarantees the bank may ask for, in addition the guarantee by the Jordanian Loans Guarantee Company.

Financing Objectives

  • Financing the new and second hand vehicles of all types and capacities
  • Financing, updating and replacing the business vehicles


Contact Us

Credit Programs and Business Planning Unit

E-mail: DSU.CBG@hbtf.com.jo 

Thinking Of Buying A New Vehicle For Your Business?

Get the freedom of transportation for your business with our business vehicles loan program.

Apply Now

FAQs about Credit programs

The Housing Bank is the ideal choice for clients of large, small and medium companies due to its ability to meet its customers' financing requirements, by providing a diverse and integrated group of banking products that meet their various needs, in addition to the extensive experience of the Relationship Managers in dealing with corporate clients from various sectors.

The Housing Bank has provided several options, in cooperation with local and external entities, to cover the needs of its customers from small, medium and large companies, and to help deal with the negative repercussions of the Corona pandemic, and to provide these companies with the necessary funding to conduct their business at competitive interest rates and flexible payment periods within various economic sectors, in a manner that ensures that these companies are able to maintain the functioning of their business, pay the salaries of their employees, and covering their various operating expenses.

Our clients receive many quick and safe Banking Services through Iskan Online and Corporate Mobile Banking, which allows corporate customers to conduct many operations like:

Money transfers, Pay Bills, Request a Check book, Balance Inquiry, Interest and currency exchange rates, Inquiries about checks deposited in the account and checks drawn on the account, in addition to sending inquiries from the customer to the bank.

The Housing Bank is the ideal choice for clients of large, small and medium companies due to its ability to meet its customers' financing requirements, by providing a diverse and integrated group of banking products that meet their various needs, in addition to the extensive experience of the Relationship Managers in dealing with corporate clients from various sectors.