Choose between a reduced interest rate or a processing and mortgage fees exemption when applying for your mortgage loan from Bank of Jordan.
Make your dream a reality by owning your new home easily with the mortgage loan special offer from Bank of Jordan. You have the option of choosing a lowered interest rate that could reach up to 7% with payment of processing and mortgage fees, or processing and mortgage fees waiver for a competitive interest rate.*
Benefits:
- Financing up to 80% of property value, with possibility of purchasing loans from other banks
- Offer is valid for new loans only
- Repayment period up to 25 years
- Free life insurance
- Preapproved credit card without issuance fees
- Possibility of financing Jordanian expats and non-Jordanians residing in Jordan
- 1% commission fee charged once in case of choosing lowered interest
- Loan is given for owning your own home or renovating your home
- Mortgage fees exemption for the first time only, upon approval of the mortgage loan
Terms:
- Applicant’s age must be between 21-70 years old during the loan period, except foreigners or Jordanians working abroad, whose age must be between 21-65.
- Salary transfer to Bank of Jordan.
Required documents:
- 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
Apply now for your Mortgage Loan. For more information please visit the nearest branch or www.bankofjordan.com. You can also contact our Call Center around the clock at 06 580 7777.
Bank terms and conditions apply.