Personal Loan for Professionals and Self-employed Individuals

Invest in developing your skills, purchasing new equipment, or marketing your business. Let us help you achieve the success you deserve.

What You Gain

Support your professional growth with a personal loan designed for professionals and self-employed individuals. Fund your needs to ensure personal stability and career development.

Possibility to increase the existing loan amount, provided the customer has paid at least six consecutive installments of the granted loan.
Possibility to buy out loans from other banks, with the option to increase the loan amount based on the customer’s income and debt burden.
Free debit card and online banking services.
Option to obtain a credit card with waived issuance fees for the first year.
Life insurance coverage for the borrower under the bank’s approved group life insurance policy.

Loan Conditions

Minimum loan amount: JOD 5,000; maximum loan amount: JOD 100,000.
Borrower’s age must be between 21 and 65 years.
Minimum repayment period: 12 months; maximum repayment period: 96 months.
Minimum income: JOD 1,000, based on cash flows reflected in the customer’s bank statements over the last 12 months, considering industry margin benchmarks.
Minimum of 2 years of professional experience and at least 12 months of banking relationship with the bank for professionals and self-employed individuals.
Maximum debt-to-income ratio: 55%.
The customer’s name must not appear on any blacklist.

Required Documents

To apply for a personal loan for professionals and self-employed individuals, you will need the following documents:

Valid national ID for Jordanians.
Proof of income.
Bank statement for the last 12 months.
Proof of any additional income, if available.

For Professionals

Professional practice certificate.
Valid membership card from the relevant professional association.
Ownership or rental contract for the workplace (if the property is rented).

The bank reserves the right to request any additional documents if needed.

For Business Owners

Recent company registration certificate.
Recent professional license.

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