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Housing Loans

Housing Loans

Own your home starting from 9.5% interest rate

Easy approval conditions and competitive interest rates in addition to many privileges

Privileges

  • Financing up to 100% of the estimated property value
  • Loan tenure up to 30 years including a grace period for new granting loans
  • Grace period up to 6 months in case of purchase and up to 24 months for construction
  • Free credit card issuance fees for the first year only
  • Interest rate starting from 9.5% for salaried customers
  • Loan commission fees are 1% (only for the first year)
  • The ability of finance Self-employed and Expatriates
  • Ability to Buyout loans from other banks

Terms & Conditions:

  • Minimum loan amount is 5,000 JOD
  • Minimum loan tenor is 12 months
  • Minimum income is 250 JOD
  • Maximum DBR is 50% & up to 60% for Social Security retirees
  • Minimum age is 18 years and not to exceed 70 years at the end of the loan tenor
  • Minimum working experience is 3 months
  • Ability to finance Jordanian residents, non-resident Jordanians, Non-Jordanian residents in Jordan (Arab and foreign nationalities)
  • For personal purposes only.
  • Installment deferral fee amount is 10 JOD
  • 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
  • Property mortgage 100% of the loan amount.

Required documents

  • Valid national ID or valid passport for non-Jordanians
  • Income verification letter, latest Salary Slip, Bank statement for the last 6 months
  • Social security subscription letter
  • Property organization Scheme, Site plan, construction license, and property registration document, and contract of sale
  • Company registration certificate for entities, valid profession license, practice profession license, and association membership certificate
  • Property appraisal or construction cost

The Bank has the right to request additional documents.

Loans Calculator
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*The applicable interest rate on the calculator is the lowest rate within the product segments.

*The interest rate depends on the income amount, source of income, financing ratios, and customer’s classification. 

*The information mentioned above is for illustrative purposes only and shall not be considered final. For more information, please contact our call center (Iskan 24/7) at: +96265200400, or the toll-free number 080022111 or visit your nearest branch.

*For more information regarding the available interest rate and classifications in the Bank, please click here.

How to apply?

  • Fill the Electronic Application
  • Contact our Call Center (Iskan 24/7) at +96265200400, or the toll-free number 080022111
  • Visit the nearest branch

 

* For more information regarding APR, Click Here

*All applications are subject to Housing Bank terms and conditions.

Own Your Home!

Easy approval conditions and competitive interest rates

Apply Now

FAQs about Housing Loans

-Financing the purchase of residential apartments and houses

-Finishing a house under construction or erecting a new one

-Buying a piece of land and developing it for construction

-Expanding an existing building

Learn more about the interest rates and charges Click Here 

The minimum income required to request a housing loan is 250 JODs for public sector  and 350 JODs for private sector