Personal Loan for Executives and Self-Employed Individuals

Custom loans for executives and self-employed individuals, covering personal expenses such as education, travel, medical care, special events and more.

Who Can Benefit?

Senior executives and high-level managers in prominent private firms and major government institutions.

Benefits

Option to defer loan payments, subject to specified conditions.

Terms & Conditions

Minimum loan amount: JOD 5,000
Maximum loan amount: JOD 100,000
Minimum loan term: 12 months
Maximum loan term: 96 months (no salary transfer required).
Minimum borrower age: 21 years
Maximum borrower age upon loan granting: 65 years
Insurance coverage is provided up to the age of 75, per applicable policy terms.
Maximum debt-burden ratio: 55% of the monthly net income of the borrower.
Minimum monthly income: JOD 1,000.
Borrower must have at least 24 months of employment history, with previous experience in the same field.

Required Documents

View All Required Documents

Completed personal loan application form.
Signed credit offer.
Signed loan agreement.
Valid proof of identity (national ID).

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