Whether you’re building, investing or simply fixing up your current home, a housing loan is the best way to hammer in the first nail to your dream home.

What we offer:

• Payments up to 25 years
• Free life insurance
• Maximum loan value of 500,000 JOD for housing property
• Maximum loan value of 100,000 JOD for home maintenance and expansion
• Maximum loan value of 1,000,000 JOD for land purchasing
• Minimum loan value of 15,000 JOD
• 3-month grace period to pay your loan
• If you transfer your salary to us, we waive the grant commission and mortgage fees for housing loans over 40,000 JOD with a loan term no less than 10 years

Eligibility:

• Minimum monthly salary: 350 JOD
• Minimum age requirement: 21 years old

Payments

By taking out a housing loan, your payments will be automatically deducted from your monthly salary for the duration of the loan.

It is important to understand the ins and outs of your housing 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.

How is interest charged?

The interest is calculated on a reducing basis starting from 7.25%. It remains fixed for one year and then calculated based on the depreciated interest rate throughout the life of the loan.

Refinancing:

To keep you at ease, you are able to postpone your payments twice/year if you’re in a tight spot and need to put off a payment for the upcoming month. This only applies if your housing loan has been active with full payments for 6 months.

A step-by-step guide

Not sure where to start? Our Housing Loan guide walks you through the full process, from your first question to getting the keys to your new home.