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 8 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 450 JOD
- Minimum age requirement, 22 years old
Payments
By taking out an auto loan, your payments will be automatically deducted from your monthly salary.
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.
