Capital Bank of Jordan Personal Loan
|Minimum Salary needed||Not mentioned|
|Maximum amount available||JD70,000|
|Length of Loan||8 Years|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||Not mentioned|
|Main Features||1% commisson inadvance for the first year only; No need for a guarantor; Possibility of receiving more than one loan at a time; Possibility of buying your loan from other banks; Possibility of increasing or renewing your loan; Flexible loans for professionals; Free life insurance; Credit Card with free issuance and renewal fees|
Capital Bank of Jordan
The Capital bank of Jordan has had an exponential growth since inception and is today counted among Jordan’s topmost financial institutions. It is the only bank in Jordan that caters to high-end customers and corporates. The bank offers its clientele customised investment banking and commercial services besides the regular services like personal loans, home loans, car loans, credit cards, etc. that are extended to individual customers. The unique and interesting mix of services extended by the bank has played an important role in ensuring its growth to the top. The bank is known for its flexible terms and competitive rates of interests that it offers on different types of personal accounts.
Amman’s transition from a small sleepy village to a bustling metropolitan city has been significant. The local administration has played a significant role in this seamless transition as a major business centre and a significant regional hub in the Middle-east. Amman is strategically located and cn be easily used to travel to many places in the Persian Gulf. This has been a primary reason for Amman to become a natural choice for a regional office among many business houses. The local administration has i9dentified Abdali as a perfect location for a state-of-the-art business centre and a modern shopping mall.
When an individual borrows money from a bank, credit society or any other financial institution to cover a personal expenditure, it is called a personal loan. Car loans, household loans, loans to cover wedding expenses, etc. are examples of personal loans. The borrower has to repay the borrowed amount along with the interest due on the amount. A fixed amount has to be repaid every month until the entire amount has been settled. A personal loan allows the borrower to purchase goods or services without having to save for it. The borrower can repay the money after the purchase.