Arabic

Interest rates on Consumers’ Loans


Consumer Loans’ Interest Rates

Product Name

Nominal Interest Rate

Housing Loans Starting from 7.5% Decreasing Interest
Land Purchase Loans 8.99% Decreasing Interest
Personal Loans                                       Starting from 10% Decreasing Interest
Auto Loans (New) 5% Flat Interest rate
Auto Loans (Used) 5.5% Flat Interest rate

Debit Interest on Current Accounts

Product Name

Nominal Interest Rate

Current account overflows                      15%  (Calculated on the daily balance)
Salary Advance 18%  (Calculated on the daily balance)

• Interest rates indicated above are for guidance purposes only and for individual customers only.
• For more information, please call our Customer Contact Center on 4600900, or call our toll free number 0800 22222 if calling from any city outside Amman (within Jordan).
• Interest Rates are being set based on the 6 months JODIBOR rates.
• “Elite” and “Arabi Premium” programs offers certain discounts on the Personal Loans interest rates.

The table below shows the explanatory examples of how to calculate the real interest rate:

 

Product Name

Nominal Interest Rate

Effective Interest Rate

Loan Period (Years)

E.g. How to Calculate the Effective Interest rate

Personal Loans

10% Reducing Interest      

11.87%

          1   Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 880 monthly installment
Personal Loans  10% Reducing Interest

11.16%

2

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 463 monthly installment
Personal Loans 10% Reducing Interest

10.8%

3

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 324 monthly installment
Personal Loans 10% Reducing Interest

10.65%

4

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 255 monthly installment
Personal Loans 10% Reducing Interest

10.58%

5

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 214 monthly installment
Personal Loans 10% Reducing  Interest

10.55%

6

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 187 monthly installment
Personal Loans 10% Decreasing Interest

10.37%

7

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 167 monthly installment
Personal Loans 10% Reducing Interest

10.37%

8

Personal loan JD 10,000, 10% Interest Rate, and a 1% commission.
JD 153 monthly installment
Auto Loans 5.5% Fixed Interest

12.08%

1

Auto loan JD 10,000, 5.5% Fixed Interest, and 1% commission.
JD 881 monthly installment
Auto Loans 5.5% Fixed Interest

10.8%

3

Auto loan JD 10,000, 5.5% Fixed Interest, and 1% commission.
JD 324 monthly installment
Auto Loans 5.5% Fixed Interest

10.55%

6

Auto loan JD 10,000, 5.5% Fixed Interest, and 1% commission.
JD 187 monthly installment
Auto Loans 5.5% Fixed Interest

10.37%

8

Auto loan JD 10,000, 5.5% Fixed Interest, and 1% commission.
JD 153 monthly installment
Mortgage loans  8.25% Reducing Interest

 10.17%

 1

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 2,616 monthly installment
Mortgage loans  8.25% Reducing Interest

 8.7%

 5

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 614 monthly installment

Mortgage loans  8.25% Reducing Interest

 8.48%

 10

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 370 monthly installment
Mortgage loans  8.25% Reducing Interest

 8.43%

 15

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 294 monthly installment
Mortgage loans  8.25% Reducing Interest

 8.39%

 20

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 258 monthly installment
Mortgage loans     8.25% Reducing Interest

 8.37%

 25

 Mortgage JD 30,000, 8.25% Interest Rate, and 1% commission.
JD 239 monthly installment               
Mortgage_loans    8.25% Reducing Interest

 8.32%

 30

 Mortgage JD 30,000,8.25% Interest Rate, and 1%commission. 

JD 228 monthly installment