Tuesday, 22 September 2020
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Interests & Fees

To download Interests & Fees, please click here.

Product

Interest rate

Housing Loan

7%

Personal Loan

8.25% - 9%

Car Loan (Decreasing)

7.75%

Prime lending rate (PLR)

7.75%

The aforementioned interest rates are:

  • For individual consumers only.
  • For guidance purposes only. Please contact the Bank for additional information.
  • Set based on the interbank offer rate.

 

The below table shows examples for calculating the annual percentage 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%

1

9.167%

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

5

7.677%

10

7.470%

15

7.401%

20

7.368%

25

7.348%

30

7.335%

Example:
Loan Amount = 10000 JOD
Costs = 100 JOD
Total Loan = 10100
Interest rate = 7.75%

1

9.976%

Car loans

2

9.081%

3

8.755%

4

8.587%

5

8.485%

6

8.416%

7

8.367%

8

8.330%

Example:
Loan Amount = 15000 JOD
Costs = 150 JOD
Total Loan = 15150
Interest Rate = 8.25%

1

10.519%

Personal loans (Consumer loans)

2

9.624%

3

9.298%

4

9.138%

5

9.027%

6

8.958%

7

8.909%

8

8.871%

9

8.842%

10

8.814%