Home Improvement Loan - HILP

Important note: The company adheres to the Finance Companies Regulation No. (107) for the year 2021 issued pursuant to Article (65) of the Central Bank of Jordan Law No. (23) for the year 1971 and the instructions issued pursuant thereto and related to the criterion of the maximum value and fragmentation, which determines the maximum allowable loan.

Commission for granting credit is calculated in accordance with the provisions of Article (3) of the provisions of Articles (4/b/13), (43/h), and (65/b) of the Central Bank of Jordan Law No. (23) of 1971 and its amendments, and the provisions of Article (17/b) of the Finance Companies Law No. (107) of 2021.

In case the credit approval stipulates a condition of salary transfer based on an authorization document, where the monthly installment is deducted directly from the transferred salary to the bank (according to the terms of the agreements signed between the company and the relevant banks), the bank's commission for the cost of salary transfer deduction, issuance, and management of the authorization documents is calculated and deducted from the net loan amount, subject to the terms and conditions.