Apply for your Housing loan with up to 100% financing rate at an interest rate of 6.75% and get cash back of 1% of your loan value.
Targeted Segment:
The campaign includes Buyout loans and new loans for all customers from the following segments:
- Salary transferred customers with an income of 1,000 dinars and above.
- Jordanian expatriate customers with an income of 2,000 dinars and above.
- Free-income earners with an income of 1,000 dinars and above.
- Doctors and pharmacists’ segment with an income of 1,000 dinars and above.
Benefits:
- Interest rate of 6.75% with fixed interest for the first two years of loan life.
- Financing up to 100% of the property value.
- Cash back 1% of the loan value with no upper limit.
- Loan tenor up to 30 years including grace period up to 3 months, the value of the grace period installments is distributed over the remaining loan life without increasing the period.
- Preferential rate on personal loan at 0.50% lower than the declared rate for personal loans.
- Exempting the client from the granting fees.
- Exempting the customer from mortgage fees and appraisal fees.
- Exempting the customer from salary transfer commission for a period of one year.
- Granting the customer 5 free outward international transfers during the year (exemption from Jordan Kuwait Bank fees only).
- Granting a discount on safety boxes at a rate of 75% of the rent value for the first year if the loan value is 150,000 dinars or more.
- The possibility of obtaining a credit card with a credit limit of 10% of the loan value.
- The possibility of calculating the collective income of the family (husband and wife).
Terms & Conditions:
- The campaign includes new loans (new grants) or buyout loans from other banks.
- The minimum loan period is 8 years.
- Minimum loan amount JOD 15,000.
- The customer must be at least 21 years old and not more than 70 years old at the end of the loan life.
- Fixing the interest for the first two years and after this period, the margin rate will be 1.75% plus the interbank rate is applied at the time.
- Commitment to keep the loan with JKB for a period of not less than 8 years, otherwise the value of the cash back, the appraisal fees and the mortgage fees incurred by the bank will be collected from the customer.
- The Bank has the right to amend the terms and conditions of the campaign, which become effective once they are amended on the Bank's website.
- The Bank has the right to terminate the campaign at any time it deems appropriate.
Campaign ends on 30.06.2024
*The rest of the terms and conditions approved by the bank apply in the field of granting housing loans.