With great benefits, flexible procedures and a competitive interest rate, anyone can get a housing loan to buy a house, build one, finance a ready-built real estate, or buy a piece of land.
Real Estate Loan Features:
- Financing up to 100%.
- Flexible loan ceiling to suit your needs.
- Repayment period up to 30 years.
- Ability to fix loan installment.
- Special interest rate.
- Grace period up to 3 months.
- Repaying the grace period interest rates from the customer’s sources monthly.
- The grace period interest rate is added to the loan credit monthly and is repaid along with the installments.
- Life insurance.
- Real estate insurance.
- Ability to obtain a credit card free of issuance fees for the first year.
- Ability to finance expatriates.
- Ability to approve the family income for the loan.
- Ability to purchase loans from other banks (Buyout Loans).
- Possibility of real estate construction and renovation.
Required Documents:
- Valid national ID for Jordanians.
- Salary certificate / salary transfer undertaking / salary slip for the last month / bank account statement for the last 6 months / Social Security statement.
- Land plan / site plan / construction license / registration deed / initial sale contract.
- Commercial register / valid professional license / professional practice license.
- Real estate estimation by the bank’s approved appraiser.
Provided Exemptions:
- Exemption from loan grant commission of 1% for the first year.
- Exemption from mortgage fees up to 1,500 JODs.
- Exemption from registration fees up to 1,000 JODs.
- Exemption from appraisal fees upon loan granting.
- Exemption from life insurance fees.
- Exemption from real estate insurance fees.
Extra Benefits:
- Up to 15% discount from Istatieh Decorations.
- Up to 35% discount from The One Furniture.
* Subject to the bank’s terms and conditions
