Jordan Kuwait Bank has joined the initiative launched by the Association of Banks in Jordan (ABJ), aimed at offering affordable housing loans to middle-income customers. The program seeks to encourage first-time homebuyers by providing preferential interest rates, enabling them to purchase apartments. Targeting public and private sector employees, professionals, and Jordanian expatriates, the initiative supports aspiring homeowners in achieving their dream of homeownership.

As part of this program, Jordan Kuwait Bank is offering financing with up to 100% coverage of the property’s value. These loans come with a fixed interest rate of 4.99% for the first three years and flexible repayment terms extending up to 25 years. This aligns with the bank’s mission to ease the financial burden on Jordanian citizens, enhance their quality of life, and promote homeownership and real estate investment—reaffirming its commitment to social responsibility.

On November 13, 2024, the Association of Banks in Jordan officially announced this initiative, which is the largest of its kind in Jordan’s banking sector. During a press conference, Bassem Khalil Al-Salem, Chairman of ABJ, highlighted the details of the initiative and its potential to positively impact society and the national economy.

Al-Salem emphasized that the initiative stems from the directives of His Majesty King Abdullah II, who consistently advocates for improving the quality of life for Jordanian citizens. The program also aligns with the Economic Modernization Vision and recent government efforts to stimulate the economy and support the housing sector. This initiative exemplifies the robust partnership between Jordan’s banking sector and national endeavors to achieve sustainable development.