Benefits:

• Get a housing loan at a 4.99% decreasing interest rate, fixed for the first 3 years.
• Up to 100% financing.
• Repayment period of up to 25 years.
• A credit granting commission of 1% for the first year only and as a one-time fee.

Terms and Conditions:

1. The initiative includes customers from the public, semi-public, and private sectors, as well as working professionals and Jordanian expatriates

2. Applies to first-time buyers of residential apartments

3. Excludes financing for spouses if one of them owns a residential home

4. Excludes cases where property is transferred to first-degree relatives

5. Includes financing for completed residential apartments only and does not cover independent residential units or building costs

6. Clients are required to provide the bank with a non-ownership statement (of a residential apartment) from the Department of Lands and Survey for both husband and wife

7. The loan must not be used to repay an existing loan

8. After the end of the fixed period, the interest rate will be equal to the Interbank rate at that time + a margin of 2.50%

9. The maximum debt burden ratio must not exceed 55% in accordance with the bank's internal policy

10. The maximum loan value is 150,000 JOD

11. The maximum income of the client is 2,500 Jordanian dinars

12. The client's inquiries should not have any negative indicators (such as cases, returned checks due to insufficient funds, or outstanding dues on the CRIF system). Additionally, documentation of income sources, repayment, and salary transfers is required for resident salary earners

13. All applications are subject to the bank's terms and conditions