Cairo Amman Bank House Loan - For expatriates
|Minimum Salary needed||Not mentioned|
|Maximum amount available||Not mentioned|
|Length of Loan||10 Years|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Offering loans for purchase of ready-built residences, and house building or maintenance, with a percentage of up to 80 % of the real estate estimated value; Monthly installments not exceeding 40 % of the family’s monthly income|
|Main Features||Insurance on real estate contents for up to JD 5,000; Life insurance for the borrower and insurance of the real estate covering the entire loan; A resident guarantor for expatriate customers (depending on the case);|
Cairo Amman Bank
An efficient banking system is the backbone of a stable and growing economy. The Cairo Amman bank with its highly qualified core banking staff, expert financial and investment advisors, a user-friendly and technologically superior banking interface is a leader in its field. The technology is so simple to use that it has made banking services easily accessible to society at large and helped improve the standard of living in its area of operations. The bank also extends its services to include loans (both personal and business), wire transfers, credit cards and investment services to its clients.
A cultural centre, Amman has much to offer by way of entertainment particularly on the social circuit. Besides the everyday clubs, music bars and other such places for dancing and drinking, Amman also boasts of festivities like the Souk Jara and the yearly Amman Summer Festival. Today the city has changed from a sleepy little village nestling in the hills of western Jordan to a city that is evolving almost daily. The dynamic transition has seen a major investment in the city's infrastructure like roads, railways and airport terminals, besides high end malls, and business centres.
House Loan (For expatriates)
An expatriate is a person earning income in a foreign currency. An expat normally works abroad and is not eligible for the standard housing loans that are floated by financial institutions in his country of origin. However, if an expat wishes to avail of home loans he needs to apply for expat specific house loans being offered by certain financial institutions. Banks can offer loans of up to 80% of the value of the property in case of expats with a repayment tenure not exceeding 10 years. An expat also needs to furnish a guarantor in specific cases and the monthly EMI cannot exceed 40% of the family’s gross monthly income.