Arab Jordan Investment Bank House Loan
|Minimum Salary needed||Not mentioned|
|Maximum amount available||Not mentioned|
|Length of Loan||25 Years|
|Profit Rate||7.25% p.a.|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Must be at least 21 years of age; Customer should be employed at a company approved by the Bank; Customer should have a verified and clear source of income; Must have a minimum of 2 years experience at last job|
|Main Features||1% Commission for the first year only;|
Arab Jordan Investment Bank
Created in 1978, the Arab Jordan Investment Bank is headquarted in Amman, Jordan. Part on the Amman Stock Exchange's list since 2003, It is notably owned by the Lybian Foreign Bank and the Arab Investment Company, Saudi Arabia. The AJIB offers commercial banking services, such as retail and private banking to high net worth individuals, but also investment banking services, like syndications, trading services and mergers and acquisitions. Its operating network includes Jordan, Cyprus, United Kingdom and Quatar. Its strategy aims to provide the best services that meet the customers' needs, within constantly researching on the best practices in banking industry.
Located in the north west of the Hachemite Kingdom of Jordan, Amman is its capital since 1921. With approximately two millions of inhabitants, it is the most crowded city of the country and one of the oldest of the world. It is the perfect place for cultural sightseeing as many monuments and ruins from the Greco-Roman period are still there. Amman is also seen as a nice place to live in. Finally, it is considered as a center of opportunities by the multinational corporations which open branches and representative offices in order to extend their market in the Middle East.
The Arab Jordan Investment Bank makes the dream of owning a house comes true, thanks to its Housing Loan's offer. Great benefits include a competitive interest rate of 7,25% per year, only 1% commission the first year and a maximum duration of 300 months. In order to get a housing loan, applicants have to fulfill requirements such as a minimum age of 21 and a minimum of 2 years of employment at the same company, which has to be approved by the Bank. A good reputation and track record are also required and must be provided by the last bank statements.