Jordan Ahli Bank is always keen to provide financial solutions that align with the financial needs and future aspirations of its customers. Based on this, we have launched our Teachers Program, which aims to provide financial solutions that contribute to supporting and empowering teachers to achieve their personal and professional goals with facilitated terms, competitive interest rates, and a flexible repayment period.
Terms and Conditions:
Real Estate Loans:
- The campaign is valid until 31/12/2024.
Interest Rates:
– Fixed interest rate starting from 7.375% for salaries over 1,000 Jordanian Dinars and/or loan amount over 75,000 Jordanian Dinars / LTV less than 80.
– The possibility of purchasing loans of the same balance from other banks without increasing its value and exceeding 100% of the appraised value, at a fixed interest rate of 7.375%.- The bank covers mortgage and appraisal fees for the property.
- All campaign benefits apply to expats and residents.
- The campaign also includes financing land purchases.
- The client is granted a pre-approved credit card exempt from issuance fees, with the possibility of installment plans at 0% interest with numerous approved merchants.
- Minimum loan amount: 15,000 Jordanian Dinars.
- Minimum transferred salary: 300 Jordanian Dinars.
- Minimum repayment period:
– 25 years for purchase or sale.
– 12 years for land purchase. - The possibility of financing the kitchen and all home furnishings at 0% interest when obtaining a housing loan from authorized merchants through authorized goods loans through durable and environmentally friendly goods.
- The bank bears the full mortgage fees in the event of purchasing housing loans from other banks or new grants, and in the event of early repayment within or 8 years of the life of the loan, its value is recovered from the customer.
Car Loans:
- undetermined duration, and the customers will be informed upon suspension.
- Loan features depend on the car category as follows:
- Categories:
- Category A: Preowned, Certified cars with a maximum age of 3 years at the time of granting (excluding cars manufactured in China).
- Category B: All types of cars with an age between 3-7 years at the time of granting (excluding cars manufactured in China).
- Category C: All cars, including Chinese cars, with zero mileage, and an age exceeding 7 years at the time of granting.
- Fixed interest rate starting from 4.25% for financing less than 50% and 4.5% for financing over 50%.
- If financing an electric car, the bank pays the customers electricity bill with a monthly amount of 25 Jordanian dinars for one year.
- If financing a hybrid car, the client receives a 100 Jordanian dinar gasoline voucher once.
- Life insurance is provided within the bank’s policy, noting that the bank’s grant procedures require insurance for the contract guarantees, the borrower’s life, and cases of permanent total disability that may occur in the future.
- Mortgage fees are covered by the bank.
- DBR is based on bank policy.
- A pre-approved credit card is granted for customer, representing 5% of the car value, with a maximum of 2500 Jordanian dinars.
- The loan can be granted to customers under program conditions, and the car can be registered under the name of another non-working person (son, spouse, father, mother, brother, sister), with the non-working person considered an additional guarantee on the loan.
- No need for a certified appraiser if the car is directly from the dealer or new Certified cars; only a price quote is required.
- Financing more than one car is possible for the same client, within the debt burden limits, with a maximum of two car loans and three loans for exclusive customers.
- The minimum loan amount is 5,000 Jordanian dinars.
- The maximum loan amount is 100,000 Jordanian dinars for new cars and 75,000 Jordanian dinars for used cars.
- The minimum repayment period is 12 months.
- The car’s age must not exceed 15 years at the end of the loan term.
- An additional 5% burden is granted to clients for electric cars only, if it is proven that the reason for financing is to replace the current gasoline car.
- Salary transfer is not required for car loans within the “Salaries” segment.
Personal Loans:
- undetermined duration, and the customers will be informed upon suspension.
- Direct cashback 250 JD
- Interest rate of 7.99%
- Fixed interest rate for one year, then the rate determined based on interbank with 4.5% fixed margin.
- The minimum amount for a personal loan is 5,000 Jordanian dinars.
General Provisions:
- Administrative employees within the Ministry of Education are granted a pre-approved credit card with a limit of 1,000 Jordanian dinars for a salary of 500 Jordanian dinars or more.
- An additional 5% debit burden for teachers of “Mathematics, Physics, Chemistry, English”, in condition that DBR does not exceed the approved DBR policy by the bank, which determined the acceptable DBR as below:
(50%) without credit card (55%) with credit card | The maximum acceptable DBR for the customer as a debtor for salaries/income less than (1,000) dinars. |
(55%) without credit card (60%) with credit card | The maximum acceptable DBR for the customer as a debtor for salaries/income more than (1,000) dinars. |
