- The campaign will be launched on April 12, 2023, until October 31, 2023.
Andalucia Financing Products – Zero-Interest Housing Program |
|
Financing |
Financing up to 60%. |
Registration Fees |
To be shared by buyer and The Bank (subject to Bank’s terms and conditions) |
Mortgage Fees |
Covered by the Bank |
Grant Commission |
No commission applied |
Payment Period |
Up to 4 years (provided the age of customer does not exceed 70 at end of loan period) |
Installments Scheduling |
Periodic payments (quarterly, semi-annual or annual) |
Debt-burden Ratio |
60% of the buyer’s financial obligations |
Andalucia Financing Products – Housing Loans with Interest |
|
Financing & Interest Rates |
· Financing up to 90% of real estate value. · Jordan Dinar Interbank Offered Rate – Based on date of granting the loan. |
Registration Fees |
Covered by buyer |
Mortgage Fees |
Covered by the Bank |
Grant Commission |
No commission applied |
Payment Period |
Up to 30 years (provided the age of customer does not exceed 70 at end of loan period) |
Grace Period |
Up to one year |
Debt-burden Ratio |
60% of the buyer’s financial obligations |
Andalucia Financing Products |
|
Mortgage & Evaluation |
· First-rate mortgage on the financed villa. · Subject to Real Estate Committee approval (exemption on evaluations). |
Installments Scheduling |
· Acceptance of Balloon Payments (Source clarified at the time of submission). · Zero-Interest Housing Program to be converted to Housing Loan with interest if an installment is overdue for over 90 days (buyer to sign acknowledgment declaration at grant) |
Additional Incentives |
· Exemption on early repayment commissions. · Issuance of Mastercard World credit card (issuance and renewal commissions exempted). · Personal loans at 8.25% interest (exemption on grant commission, with consideration of the client’s debt-burden ratio). · Issuance of prepaid cards with the following values:
|
To view available villas, click here.
Apply Now