Consumer Loan

Consumer Loan

Consumer Loan

Consumer Loan

Consumer Loan

Consumer Loan

Dream Beyond Boundaries

Dream Beyond Boundaries

Dream Beyond Boundaries

Dream Beyond Boundaries

Dream Beyond Boundaries

Dream Beyond Boundaries

Your income shouldn’t prevent you from getting the loan you need; our Consumer Loan is designed just for you.

Eligible Beneficiaries

Eligible Beneficiaries

Eligible Beneficiaries

Eligible Beneficiaries

Eligible Beneficiaries

Eligible Beneficiaries

This program is available to employees of approved public and private sector organizations whose salaries – or part of them – are directly deposited into their accounts (the monthly installment must not exceed 90% of the salary deduction).

This program is available to employees of approved public and private sector organizations whose salaries – or part of them – are directly deposited into their accounts (the monthly installment must not exceed 90% of the salary deduction).

This program is available to employees of approved public and private sector organizations whose salaries – or part of them – are directly deposited into their accounts (the monthly installment must not exceed 90% of the salary deduction).

This program is available to employees of approved public and private sector organizations whose salaries – or part of them – are directly deposited into their accounts (the monthly installment must not exceed 90% of the salary deduction).

This program is available to employees of approved public and private sector organizations whose salaries – or part of them – are directly deposited into their accounts (the monthly installment must not exceed 90% of the salary deduction).

This program is available to employees of approved public and private sector organizations whose salaries – or part of them – are directly deposited into their accounts (the monthly installment must not exceed 90% of the salary deduction).

Terms & Conditions

Terms & Conditions

Terms & Conditions

Terms & Conditions

Terms & Conditions

Terms & Conditions

Before using any banking service, carefully review all applicable terms and conditions.

Before using any banking service, carefully review all applicable terms and conditions.

Before using any banking service, carefully review all applicable terms and conditions.

Before using any banking service, carefully review all applicable terms and conditions.

Before using any banking service, carefully review all applicable terms and conditions.

Before using any banking service, carefully review all applicable terms and conditions.

  • Minimum Loan Amount: JOD 1,000.
  • Minimum Loan Term: 12 months.
  • Maximum Loan Term: 48 months.
  • Salary transfer is mandatory; otherwise, a salary-transferred guarantor is required.
  • Maximum Debt-To-Income Ratio: 50% of net monthly income.
  • Minimum Borrower Age: 21 years.
  • Maximum Borrower Age Upon Loan Granting: 65 years.
  • Minimum Monthly Income: JOD 140.
  • Employment Duration Requirement: 3 months for public sector employees, 12 months for private sector employees.
  • Maximum Loan Value: 15 times the salary or JOD 3,000, whichever is lower.

Interest, Fees & Commissions

Interest, Fees & Commissions

Interest, Fees & Commissions

Interest, Fees & Commissions

Interest, Fees & Commissions

Interest, Fees & Commissions

  • Interest Rate: 13%, regardless of salary.
  • Loan Processing Fee: 1% of the loan amount, applied once.
  • Stamp Duties: 0.003 of the loan amount, rounded to the nearest thousand, plus JOD 5 per copy.
  • Late Payment Charge : JOD 10.
  • Payment Deferral Charge : JOD 10.
  • Life insurance premium for the borrower, based on the updated rates.
  • Fee for Adjusting Loan Terms or Collateral at Customer’s Request: JOD 5.
  • Early Repayment Fee: 1% if the remaining loan term exceeds 12 months.
  • Interest is calculated based on the published interbank rate.

Required Documentation

Required Documentation

Required Documentation

Required Documentation

Required Documentation

Required Documentation

When applying for a personal loan, you will need to submit several documents and proofs, as per the following:

When applying for a personal loan, you will need to submit several documents and proofs, as per the following:

When applying for a personal loan, you will need to submit several documents and proofs, as per the following:

When applying for a personal loan, you will need to submit several documents and proofs, as per the following:

When applying for a personal loan, you will need to submit several documents and proofs, as per the following:

When applying for a personal loan, you will need to submit several documents and proofs, as per the following:

  • Signed credit offer.
  • Signed loan agreement.
  • Proof of identity (national ID).
  • Salary certificate or payslip detailing full salary and any applicable deductions.
  • Social security statement.
  • Bank statement for the last 6 months or the duration of employment, whichever is shorter.
  • Documentation of any additional income included in the income assessment.
  • Life insurance documentation.
  • Any additional documents required for loan approval.
  • Collateral documentation, if applicable, to safeguard the bank’s interests.

Loan Transfers from Other Banks

Loan Transfers from Other Banks

Loan Transfers from Other Banks

Loan Transfers from Other Banks

Loan Transfers from Other Banks

Loan Transfers from Other Banks

In addition to the standard income verification documents, the following documents are required when transferring loans from other banks:

In addition to the standard income verification documents, the following documents are required when transferring loans from other banks:

In addition to the standard income verification documents, the following documents are required when transferring loans from other banks:

In addition to the standard income verification documents, the following documents are required when transferring loans from other banks:

In addition to the standard income verification documents, the following documents are required when transferring loans from other banks:

In addition to the standard income verification documents, the following documents are required when transferring loans from other banks:

  • Original account statement showing the current outstanding debt balance.
  • Obligation certificate listing all the customer’s financial commitments (both as borrower and guarantor), along with an unconditional no-objection letter from the bank confirming that the customer can receive a clearance certificate upon full debt repayment.
  • Salary transfer agreement from the employer in the bank’s authorized format.