|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|Capital Bank - Personal Loan||Minimum Salary: JOD 0||Salary Transfer: Yes||Islamic Finance: No||Maximum Term: 8 Years||Flat Rate: 5.69%||Reducing Rate: 10.25%|
Personal loans empower you to consolidate your debt, finance an education, renovate your home, or finally take that dream vacation.
- Free life insurance One-time commission fee of 1% No guarantor needed Personal loan buyout facility available with no commission Flexible loan top-up Eligibility to receive Capital Bank Visa credit card Possibility of having multiple loans simultaneously Flexible loans for professionals and self-employed individuals Possibility of including the total household income to calculate the debt burden Dedicated sales team ready to serve you at any time
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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.