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Andalucia Villas



 

Andalucia Financing Products – Housing Loans with No-Interest

Admission Fee

60% without interest

Mortgage and Ownership Transfer Fees

  • The mortgage fees are fully borne  by the bank. 
  • Exempting customers from registration and ownership transfer fees or exempting him from maintenance. 

Grant Commission

Without commission

Payment Term

4years provided that the customers age doesent exceed 70 years at the end of the loans. 

Payment Mechanism

Regular Periodic payments (monthly, quarterly, semi-annual, or annual)

Debt-burden 

60% of all client 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:

      • JOD 1,000 for villa models 5, 6, and 7.
      • JOD 2,000 for villa models 8, 9, and 10.

For more information, please call the Contact Center.

To view available villas, click here.  


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