| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
AJIB - Home Loan
|
Minimum Salary: JOD 0 | Salary Transfer: No | Early Settlement Fees: No | Maximum Term: 25 Years | Flat Rate: 0.0 | Reducing Rate: 0.0 |
Your long anticipated dream to own the house of your choice is only one step away.
Our housing loan is a convenient and comprehensive solution that meets your needs and helps you build a house, buy a new one or improve your current house.
Features
- Competitive interest rate of 7.25% yearly
- 1% Commission for the first year only
- Loan tenor up to 300 months
Documents Required
- Valid national identification card
- Latest salary slip or proof of income certificate
- Utility bill
- Bank statement
- Liability/clearance letter
Representative Example
If you borrow JOD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – JOD 297.50 | Total charge for credit – JOD 710 | Total amount you repay – JOD 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
