Jordan
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The fees and commissions for the retail sector and examples of the effective interest rate calculation for retail loans:
| Product | Announced interest rate starting from |
|---|---|
| Personal Loan | 9.87% |
| Housing Loan | 8% |
| Auto Loan - Floating | 9.84% |
| Auto Loan - Fixed | 5.41% |
| Salary Overdraft | 16.50% |
Credit cards interest:
| Credit cards interest | 1.5% |
| Product | Loan Duration Years |
Actual Intrest rate | Example on calculating the interest rate |
|---|---|---|---|
| Personal Loan | 7 | 9.78 | Personal loan of JD 10,000 at 9% interest and 1% commission with a monthly payment of JD 161 |
| Car - Floating | 7 | 10.23 | Car loan of JD 10,000 at 10% changing interest and 1% commission with a monthly payment of JD 166 |
| Mortgage | 20 | 8 | Mortgage loan of JD 70,000 at 8% interest and 1% commission, with a monthly payment of JD 585 |
For more information call us at 065807777
Notes:
• The interest Rates are being set based on overnight interbank Rate.
• Interest rates above are for guidance and for individual loans only.
• Terms and conditions apply.
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