Jordan Kuwait Bank offers direct loans for professionals, such as doctors, engineers, lawyers, merchants, and accountants to own clinics and offices in lieu of rent.

Features

• Financing up to 80%.
• Loan tenor up to 8 years
• A grace period of up to 6 months if the financing is for the purpose of purchasing an office.
• Free Life insurance coverage.

Terms and conditions

• Minimum salary (income) transfer 750 JOD.
• Maximum DBR is 50% for salaries transferred and 40% for self-employed persons.
• Minimum employment for the borrower is 6 months for salaries transferred, and 12 months for self-employed persons.
• The minimum age is 21 years, and must not exceed 70 years at the end of the loan tenor.

Required documents

• Syndicate membership and certificate of practicing the profession.
• Salary slip for the last month.
• Bank statement for the last 6 months.
• A statement of the financial status of the customer.
• A copy of a valid ID.
• A valid professional license for the clinic/office.
• A lease contract for the clinic/office.

Required documents  for real estate

• The title deed of not registered property.
• Cadastral plan.
• Organizational site chart.
• Work permit or recent construction permit.
• The initial sales contract.