| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Jordan Kuwait Bank - Personal Loan
|
Minimum Salary: JOD 0 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 0 Years | Flat Rate: 0.0% | Reducing Rate: 0.0% |
Jordan Kuwait Bank offers employees in the public sector and in the private sector loans to cover their personal needs.
Features
- Financing up to JD 50,000 against the transfer of salary to JKB.
- Free life insurance.
- Competitive interests rate.
- Repayment period up to 96 months.
- Ability to postpone payment.
- The 13th and 14th salaries or any fixed monthly/annual incentives are to be considered.
- A guarantor is not conditional.
** 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
