If You wish to purchase your own home, build a new house, or even renovate your existing one, our Housing Loan gives you flexible financing options to suit your needs.
Loan Features
- Buying, constructing, renovation and expansion financing.
- Joint loan based on family Income.
- Guarantor is not a must.
- Possibility of loans buyout from other banks.
- Possibility of postponing up to three installments a year.
Conditions
Age
Minimum of 21 years and Maximum of 65 years old. Or (Must be between 21 and 65 years old)
Monthly income
- Minimum of JOD 300 (or equivalent in USD or ILS) for the TML companies.
- Minimum of JOD 500 (or equivalent in USD or ILS) for Non- TML companies.
- Minimum of JOD 2,000 (or equivalent in USD or ILS) for the business owners, professionals and self-employed
Minimum Work Duration
- 12 months minimum for the TML salary transferred companies until prohibition period.
- 24 months minimum for the Non-TML salary transferred companies until prohibition period (Past working experience in the same sector if not interrupted for more than one month, would be taken in consideration)
- Two years for the business owners, professionals and entrepreneurs with a minimum of a 12- month relationship with the bank.
Salary Transfer
*Salary transfer is not mandatory
Property
- Must be under Palestinian Authority’s jurisdiction ( A+B areas) Must be listed in Palestine’s TABO Association
- Must be under the Palestinian Authority’s jurisdiction
- Must be listed in Palestine’s TABO Association
