- The borrower should be 18 years and above, yet not to exceed 70 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%. |