Personal and household purchases installment program

Privileges

• Financing up to 5,000 JOD
• Loan tenure up to 5 years (including the grace period)
• Grace period up to 2 months
• Life insurance
• 0% interest rate on cash price

Terms and Conditions

• Minimum loan amount 500 JOD, maximum loan amount 5,000 JOD
• Minimum loan tenor 12 months
• Minimum transferred salary 250 JOD
• Maximum DBR 50%
• Minimum age is 22 years and not to exceed 65 years at the end of the loan tenor
• Minimum working experience is 6 months (public sector), 12 months (private sector)
• 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
• Financing personal and household purchases

Required Documents

• Valid national ID for Jordanians
• Income verification letter
• Latest salary slip
• Bank statement for the last 6 months
• Social security subscription letter
• Purchases price quotation

The Bank has the right to request additional documents.