Tuesday, 19 June 2018

Interests & Fees

To download Interests & Fees, please click here.

Product Interest rate
Housing Loan 7.5% - 8%
Personal Loan 9.5% - 11.5%
Car Loan (Decreasing) 9.5% - 10.5%
Prime lending rate (PLR) 9.5%

The aforementioned interest rates are:

  • For individual consumers only.
  • For guidance purposes only. Please contact the Bank for additional information.
  • Set based on the 6 months JODIBOR rates.
 

The below table shows examples for calculating the effective annual rate of the product.

Example for APR calculation Duration (Years) %APR Loan
Example:
Loan Amount = 50000 JOD
Costs = 500 JOD
Total Loan = 50500
Interest Rate = 7.5%
1 9.706% Real Estate loans (Housing / Land / Offices and Clinics)
5 8.215%
10 8.008%
15 7.939%
20 7.905%
25 7.886%
Example:
Loan Amount = 10000 JOD
Costs = 100 JOD
Total Loan = 10100
Interest rate = 9.5%
1 11.886% Car loans (Reducing interest)
2 10.993%
3 10.666%
4 10.496%
5 10.393%
6 10.323%
Example:
Loan Amount = 15000 JOD
Costs = 150 JOD
Total Loan = 15150
Interest Rate = 10%
1 12.438% Personal loans (Consumer/ Medical Doctors / Students)
2 11.545%
3 11.217%
4 11.047%
5 10.944%
6 10.874%
7 10.824%
8 10.786%