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Business Vehicles Loan Business Vehicles Loan

Business Vehicles Loan

The Housing Bank opens the opportunity to obtain the appropriate vehicle for SME's and Large Corporate Companies.

Apply Now

Privileges

  • Financing up to 150,000 JOD
  • Financing up to 100% of estimated vehicle value
  • Loan tenor up to 8 years including grace period
  • Grace period up to 6 months
  • 1% Loan commission fees (only for the first year)
  • Life insurance

Terms and Conditions

  • The value of cash flows is positive and covers the value of the installments
  • Minimum length of business is 12 months
  • Late payment penalty is 10 JOD due after 2 days of the payment maturity date
  • Loan accounts will be transferred to non-performing loan account when payment of the interest or principal are past due by 90 days or more
  • Vehicles mortgage 100% of the loan amount

Documents Required

  • Valid national ID
  • Bank statement for the last 6 months
  • Rent contract or ownership document
  • Company Registration Certificate, Valid profession license, practice profession license and association membership certificate
  • The Bank has the right to request additional documents

 

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.

Business Vehicles Loan

The Housing Bank opens the opportunity to obtain the appropriate vehicle for SME's and Large Corporate Companies.

Apply Now