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Housing Loan

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Housing Loan – Begin a new life in your new home

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

Housing Loan – Begin a new life in your new home

Begin a new life in your new home, If you wish to own your home, or build a new house, or even renovate your existing one, the ahli Bank Housing Loan offers you flexible options to finance your new home.

 Features:

  • Multiple family incomes are considered in case a married couple wishes to take a joint loan.
  • a grace period is applicable within bank conditions
  • mortgage fees for new & buyout loans are free ( applicable for housing loan & construction loan )
  • Disbursement fees are free for housing & construction loans
  • Top-up feature for these products are not applicable.
  • 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.

Housing Loan Conditions:

  • Maximum loan amount for housing loan 700,000 JOD and minimum amount 15,000 JOD
  • Maximum loan amount for construction loan 700,000 JOD and minimum amount 15,000 JOD
  • Maximum loan amount for office loan 150,000 JOD and minimum amount 15,000 JOD
  • Loan tenure for housing loan up to 300 months
  • Loan tenure for construction loan up to 300 months
  • Loan tenure for office loan up to 180 months
  • Minimum tenure for all products not less than 12 months
  • Maximum finance for housing loan up to 90%
  • Maximum finance for construction loan up to 100%
  • Maximum finance for office loan up to 60%
  • Minimum Income for Public sector employee: 200 JOD, Private sector employee: 400 JOD, Expatriates 2000 JOD, professionals, and self-employed: 1,000 JOD.
  • Minimum work experience for Private sector: 12 months, Public sector: 3 months, Professionals and self-employed: 2 years.
  • Customer’s age must be 21 years or above and Below 75 at the end of the loan term, Below 60 for expatriates.
  • Customer’s name must not be listed on any official blacklists.

Required Documents:

  • A valid national identification card for Jordanians.
  • A valid passport and residency permit for non-Jordanians and for expatriates.
  • Proof of income.
  • A copy of the initial selling contract.
  • A copy of land registration deed.
  • Land plot sketch.
  • Site plan.
  • Property evaluation or construction cost evaluation from the bank.
  • Salary slip for the last 6 months.
  • Salary transfer letter to JAB for salaries
  • Bank account statement for the last 6 months and 12 months for self- employed.
  • Social security statement.

* Subject to bank’s terms and conditions.
* The bank reserves the right to ask for further documents if necessary.

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You can also Read: My Salary in Advance

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