Skip Navigation LinksHBTF External Portal > Home > Palestine > Personal > Services & products condition > Loans Conditions
Loans Conditions

 

 

 

Retail Financial Advances     

 

-    The borrower should be 18 years and above, yet not to exceed 65 years on the due date of the last instalment.

-    Customer should be authorized  by the Palestinian Monetary Authority to use
chequing system

-    Salaries of the borrower and guarantor should be actually transferred to the bank.

-    Advance amount should be higher than JD 500.

-    Settlement and grace period should not exceed 60 months.

-    Monthly Instalment (S) shall not exceed 50% of monthly income, and it is granted in accordance with the bank approved limits.

 

 

 

 

 

 

Housing Loans  

 

-    The borrower should be 18 years and above, yet not to exceed 65 years on the due date of the last instalment.

-    Customer should be authorized by the Palestinian Monetary Authority to use
chequing system.

-    Loan amount shall be 45 times of income, with a payment period of 25 years.

-    A proper guarantee (guarantor-real estate- account) should be provided.

-    The following documents  should be presented:

·          Registration deed/ building permit and schemes/ personal identification documents/ land drawings/ regulatory site map Initial sales contract in case of purchase.

·          Salary slips of borrower and guarantor as well as income verification
documents of self employed.

·          Instalment deduction rate from total income shall not exceed (50%)
of total income.

·          Real estate security financing rate is (85%) of the estimated value or
sales contract,
whichever is lessof the purchase and completion/purchase
and construction amount , with the availability of  transferred  salaries as a
minimum to cover the instalment, otherwise the maximum financing
rate shall be 75%.

 

 

  

 

 

Personal Consumer loans 

 

-       Borrower should not be under 18 years or above 65 years.

-       Customer should be authorized  by the Palestinian Monetary Authority to use
chequing system

-       Salaries/income supported by documents should be provided, upon acceptance     
by the Bank, a maximum loan shall be granted 30 times of income.

-       Loan amount should be higher than JD 5000 or its equivalent.

-       Settlement and grace period should not exceed 84 months.

-       Instalment(S) should not exceed 50% of monthly  income.

 

 

 

 

 

Auto Loans  

 

-    Customer should be authorized  by the Palestinian Monetary Authority to use
chequing system

-    Payment period is up to 48 months for used cars, and up to 60 months for new cars.

-    The advance payment shall be higher than 15% of the car value for new cars, nor less than 25-40% for used cars.

-    Borrower should not be above 65 years on the due date of the last instalment.

-    Comprehensive insurance and mortgage on cars is in favour  of the bank during the period of the loan.

 

Note: All Announced Services and Products are Subject to the Bank Terms and Approval .