Auto Loan

Whether you’re looking to buy from a dealership or a private seller, a new or used car that runs on fuel or electricity, the auto loan gives you the freedom and control to purchase the car of your choice. All you have to do is keep your eyes on the road!

What we offer:
  • Payment plans up to 7 years
  • Loan amounts ranging between 6,000 JOD and 150,000 JOD
  • Loan value up to 100% of the car’s price 
  • Financing for car registration, licensing and comprehensive insurance
  • Financing options on unique license plate numbers
Eligibility:
  • Minimum monthly salary of 350 JOD
  • Minimum age requirement, 21 years old
Payments

By taking out an auto loan, your payments will be automatically deducted from your monthly salary. 

Perks*:
  • Free maintenance contract by AutoHub for loans worth more than 10,000 JOD
  • Free Nano Ceramic coating for loans worth more than 20,000 JOD
  • 50% discount on technical checks and car price estimation

*An additional 0.25% will be added to your interest if you opt for these additional perks.

It is important to understand the ins and outs of your auto loan so, please make sure you read the Terms & Conditions document you receive at a branch before you apply or get in touch to know more.

Can’t provide all these document? We got you covered:

Whether you’re a freelancer or in between jobs, you are still eligible for an auto loan. You can apply by using your national ID without the need for a salary slip or letter of employment.

Remember, that a low documentation auto loan is subject to higher interest rates.

How is interest charged?

The interest rate is fixed and cannot be changed while the loan is still active, unless the Central Bank of Jordan makes any amends to interest rates which we need to abide by. You will be notified if such changes are made to your loan.

The rate is set in the beginning and is added to the total amount of your loan, which is paid monthly. Our loan calculator can provide you with a clearer picture of your monthly payments and interest rate based on the amount you need and the period of time you need to pay back the loan.

To apply, you’ll need:
To apply, you’ll need:A valid national ID or passport
To apply, you’ll need:Proof of salary for the last 3 months if you have a proven track record at the bank
To apply, you’ll need:Copy of employment contract
To apply, you’ll need:Bank statements for the last 6 months if you are a new customer at the bank without a track record
To apply, you’ll need:Social security statement for the last 12 months except for employees in the public sector
To apply, you’ll need:Price quotation for new cars from the car dealership
To apply, you’ll need:A certificate stating the vehicle’s status and market price/value for used cars
To apply, you’ll need:Copy of the car’s license from the original owner for used cars
To apply, you’ll need:Price quotation for the car from owner for used cars
Put your plans into action
Personal Loan
Mortgage
Auto loan
Loan amount
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Length of loan period
Calculated at:
9% Yearly interest rate
Monthly:
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Total repayment:
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