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 7 years at the end of the loan term.
- Free Debit card and Electronic services.
- A credit card exempts from issuance fees for the first year ( if applicable)
Life insurance coverage during loan life within accepted internal insurance agreement.
Car Loans Conditions:
- Minimum Period of Employment:
-For public sector 3 months
-For private sector 12 months
-For Professionals and self-employed individuals 2 years
- minimum loan tenure 12 months for used and new cars
- maximum loan tenure :
-For new cars up to 6 years
-For old cars up to 5 years.
- Also, a Minimum Transferred Salary for Private Sector: 400 JOD, Public Sector: 200 JOD, Professionals and self-employed individuals: 1000 JOD.
- Maximum Debt Burden Ratio is 55%
- Maximum loan amount up to 100,000 JOD for new cars and 75,000 JOD for used car.
- finance rate up to 100% for new cars & 90% for used car.
- Minimum age 21, and maximum 65
- Customer’s name must not be listed on any official blacklists
- 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 6 months
- Bank statement for last 6 months for salaries & 12 months for self- employed.
- Social Security statement.
- Price offer for new cars from the dealership.
- For used cars must be evaluated form a certified inspection technical center.
* The bank reserves the right to ask for further documents if necessary.