Loan Against
Cash Collateral
Loan Against
Cash Collateral
Loan Against
Cash Collateral
Loan Against
Cash Collateral
Loan Against
Cash Collateral
Loan Against
Cash Collateral
The Financing You Need, Made Easy
The Financing You Need, Made Easy
The Financing You Need, Made Easy
The Financing You Need, Made Easy
The Financing You Need, Made Easy
The Financing You Need, Made Easy
Tap into limitless possibilities with a flexible loan or credit card, backed by a reserved amount and zero conditions.
- No age restrictions for the borrower.
- Flexible loan amounts with no minimum or maximum limits.
- Repayment options available: monthly, quarterly, semi-annually or annually.
- Maximum loan term of 96 months.
Terms
Terms
Terms
Terms
Terms
Terms
- Signing the pledge form.
- For both Jordanian and non-Jordanian customers, the cash collateral must not exceed 90% of the pledged amount in JOD or 80% in accepted foreign currencies (USD, EUR, GBP).
A detailed explanation of how the Effective Annual Percentage Rate (APR) for loans is calculated:
| Criterion | Value | Notes | Explanations |
|---|---|---|---|
| Nominal Interest Rate | 12.00% | JODIBOR + Margin | Interest rate is derived from the pricing list for retail loans |
| Loan Amount | 8,874 | JOD | The requested loan amount |
| One-Time Fees and Expenses | 0.00% | JOD (flat) | One-time fees and expenses, such as granting fees and loan disbursement expenses. For example: a 1% flat fee for a loan equals (10,000 * 1% = 100) + 10 JOD for loan disbursement expenses |
| Repayment Period | 96 months | Installments/Months | The total number of installments required |
| Insurance Expenses | 4 | JOD monthly | Monthly expenses charged post-payments |
| Total Loan Value by End of Term | 14,230 | JOD | Total loan value, including interest, fees and expenses, calculated automatically |
| 13.594% | Effective APR |