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 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%.

Personal Consumer loans 

-       Borrower should not be under 18 years or above 70 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 graceperiod 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

-    72 months of repayment period for used cars & 84 months for new cars.

-    Financing rate is ranging between 80% up to 100%.

-    Age of borrower shall not exceed 70 years on due date of last installment. .

-    The loan value may reach JOD 100,000

-    Guaranteed by car mortgage and comprehensive insurance in favor of the Bank.

-    Without any guarantor, except for self-employment incomes .

-    Easy approval actions .

-    Direct obligations will not be more than 50% of total income .

-    Subject to the Bank terms and conditions .

Personal loans for housing purposes, no mortgage  

-    Age of borrower shall not be less than 18 years or more than 70 years on due date of last installment.

-    Salaries are accepted and transferred to the Bank.

-    Total monthly direct deductions of the borrower shall not be more than 50% of net income, and loans are provided subject to the ceilings approved by the Bank

-    Currency of loans shall only be New Israeli Shekel and the maximum ceiling shall not exceed US $80,000. .

-    Free borrower life insurance

-    Repayment period shall not exceed 144 months.

-    Provide guarantor with transferred salary or proved self-employment income accordingly.

-    Loans are subject to terms and conditions of the Bank

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