As part of the Bank's strategy to support and boost the economy in various sectors including real estate, the Housing Bank - the largest and most widespread bank in Jordan - has launched a new and competitive interest rate for housing loans, starting from 6.99% and with easy approval conditions.
The new interest rate is in line with the Housing Bank's strategy of providing unique and flexible banking products and financing solutions that meet the needs and aspirations of its current and potential clients.
The re-pricing includes a wide range of benefits, including financing up to 100% of the estimated property value without a guarantor, and a repayment period of up to 25 years, which includes a grace period of up to 6 months if the financing is in case of purchase.
These benefits, which are subject to the terms and conditions of the Bank, include the possibility of granting loans to expatriates and the self-employed, with a free credit card issuance fees for the first year only, and the possibility to buy out loans from other banks.
Housing Bank customers can obtain an initial approval in less than one hour from their application for a housing loan by visiting one of the Bank's 127 branches located across Jordan's governorates, or through the sales team dedicated for customer service