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Car Loans

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Car Loans – Own any car that suits your lifestyle

You can listen to this article by using any hearing aid tool

Car Loans – Own any car that suits your lifestyle

Own any car that suits your lifestyle, you can now easily own any car you want within convenient terms.

Car Loans Features:

  • No need for a guarantor.
  • Vehicle age can reach up to 15 years at the end of the loan term.
  • Free Debit card and Electronic services.
  • Credit Card free of registration charges for the first year.
  • Life insurance.

Car Loans Conditions:

  • Firstly, Minimum Period of Employment for Private Sector: 12 Months, Public Sector: 3 Months (must be a permanent employee), Professionals and self-employed individuals: 24 months, and banking with us for at least 12 months.
  • Secondly, Maximum Term 84 months for salaried customers and 60 months for professionals and employees without transferred salaries.
  • Also, a Minimum Transferred Salary for Private Sector: 300 JOD, Public Sector: 200 JOD, Professionals and self-employed individuals: 2000 JOD.
  • A Maximum Debt Burden Ratio is 45% for employees and 50 % for Professionals and self-employed individuals.
  • 75,000 JOD Maximum loan value.
  • 100% Financing for new cars and 80% for used cars.
  • The client must be above 21 years old and under 65 at the end of the loan term.
  • Must not be listed on any official Blacklist.
  • Finally, Car and insurance policy in the benefit of the bank.

Required Documents:

  • A valid national identification card (Jordanians).
  • A valid passport and residency permit (non-Jordanians).
  • Documented proof of income: Salary Certificate and salary slip of the last month
  • Bank statement of the last 6 months.
  • Social Security statement.
  • Final price listing of the new car from the dealership.
  • Used car appraisal from an assessor recognized by the bank.

* The bank reserves the right to ask for further documents if necessary.

 

You can also Read: Zero Interest

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