| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Bank Of Jordan - Mortgage Loan
|
Minimum Salary: JOD 0 | Salary Transfer: No | Early Settlement Fees: No | Maximum Term: 25 Years | Flat Rate: 0.0 | Reducing Rate: 0.0 |
Choose between a reduced interest rate or a processing and mortgage fees exemption when applying for your mortgage loan from Bank of Jordan.
Owning your new home is now easier with the special Bank of Jordan mortgage loan offer.Choose a reduced interest rate starting from 6.25% or an exemption from the processing and mortgage fees at the announced interest rate.
Owning your new home is now easier with the special Bank of Jordan mortgage loan offer.Choose a reduced interest rate starting from 6.25% or an exemption from the processing and mortgage fees at the announced interest rate.
Features
- Financing up to 80% of property value, with possibility of purchasing loans from other banks
- Repayment period up to 25 years
- Free life insurance
- Preapproved credit card without issuance fees
- Offer is available for Jordanian expats and non-Jordanians residing in Jordan
- Loan is given for owning your own home, and building or renovating your home
Documents Required
- Valid ID.
- Bank account statement for the last 6 months.
- Real-estate documentation.
- Proof of income
- Real-estate evaluation from an approved appraiser.
- Initial contract draft for the real-estate purchase.
- Copy of residence permission for Jordanian expatriates and foreigners.
- Any additional documents required upon credit evaluation.
** 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.
Representative Example Calculator
