Tuesday, 18 December 2018

Interests & Fees

To download Interests & Fees, please click here.

Product Interest rate
Housing Loan 7.75% - 8.25%
Personal Loan 9.75% - 11.75%
Car Loan (Decreasing) 9.75% - 10.75%
Prime lending rate (PLR) 9.75%

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 = 7.75%

1

9.976%

Real Estate loans (Housing / Land / Offices and Clinics)

5

8.485%

10

8.278%

15

8.209%

20

8.175%

25

8.156%

Example:
Loan Amount = 10000 JOD
Costs = 100 JOD
Total Loan = 10100
Interest rate = 9.75%

1

12.162%

Car loans (Reducing interest)

2

11.269%

3

10.941%

4

10.771%

5

10.668%

6

10.598%

Example:
Loan Amount = 15000 JOD
Costs = 150 JOD
Total Loan = 15150
Interest Rate = 9.75%

1

12.162%

Personal loans (Consumer/ Medical Doctors / Students)

2

11.269%

3

10.941%

4

10.771%

5

10.668%

6

10.598%

7

10.548%

8

10.511%