Capital Bank of Jordan House Loan - Expats
|Minimum Salary needed||Not mentioned|
|Maximum amount available||Not mentioned|
|Length of Loan||30 Years|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||Not mentioned|
|Main Features||1% Commission inadvance for the first year only; Ability of including total family income for the Debit Baring Ratio; Free property and life insurance; A Credit Card with free issuance and renewal fees|
Capital Bank of Jordan
The phenomenal growth of the Capital Bank of Jordan is a tribute to its unique service mix and out-of-the-box thinking. Initially established as the Export & Finance Bank, the bank assumed a new identity in 1995 and has not looked back ever since. The Capital bank’s successful innings along with its customised services has earned it a BBB-rating from Capital Intelligence, an international agency but has also increased its asset base many times over. Today, the Capital branch operates from its main branch in Amman and 10 other strategically located branches in Jordan. The Bank also operates in Iraq through the National Bank of Iraq.
The majority of the Jordanian population are Muslims. However, the country has a significant Christian population as well. The locals are very welcoming and hospitable. Amman, the capital of Jordan, has many surprises for those who wish to explore the city. Hiring a bike is an interesting way to explore the country. Amman has to its credit a great number of eateries, art galleries, luxurious hotels and modern malls. The old world charm of the sleepy east-side, the hustle and bustle of western Jordan, the Jordan Museum and the Roman Amphitheatre to name just a few of the city’s exciting places.
House Loan (Expats)
Banks and other financial institutions offer house loans to expats who are keen on investing in a house either through outright purchase or through construction of the house. They also extend loans for renovation and maintenance of the property. Since expats do not have roots in the area a few clauses have been included in housing loans extended to them. Like all housing loans, the lending institution holds the title or deed to the property. Both the life of the borrower and the property must be covered for a value equivalent to the loan amount. The borrower also needs to furnish a resident guarantor.