s and Fees for Retail and Corporate s
s on Personal s, Housing s and Auto s Personal s Type Personal s & Advances Non-Resident Mortgage s Customer Segment Employees of public sector & accredited companies with salary of JOD 500 or above Employees of public sector & accredited companies with salary less than JOD 500 Employees of non-accredited company Cash to cash s Self-employed customers (JODIBOR+Spread) 9.25% 10% 10.5% Salaried 9% Self-employed 9.5% Housing s Type Customer Segment (JODIBOR+Spread) Housing s Salaried 7.25% Self-employed (loan to 8.75% mortgage value 75% or less) (includes expatriats) Self-employed (loan to mortgage value more than 75%) (includes expatriats) 9.5% Auto s Type Customer Segment (Flat) Auto s Salaried 4.50% Non Salaried (All Other Customers Segments) 5% Expatriats and Foreigners 5.25% (50%-50%) Financing s 4.75% 2
s and Fees on Corporate s Type (JODIBOR+Spread) Overdraft 10% Promissory Note 10% Revolving 10% Business Vehicles 9.5% Business 9.5% My Clinic 9.5% Tourism 7.5% Fixed Assets 9.5% Declining s 10% 1% commission is applied to all the loans above (for the first year) Except Tourism and Fixed Assets. s and Fees on Corporate s (Direct Credit Facilities) Type Minimum Maximum Prime Lending 9.5% 9.5% of 1 year 9.75% 10.75% of 3 years or less 9.75% 10.75% exceeding 3 years 9.75% 10.75% 1% annual commission is applied to all the loans above 3
Examples on effective interest rate calculation for personal loans 25,000 1 9.25% 1% 2 11.30% 2,629 10 25,000 2 9.25% 1% 2 10.41% 1,251 22 25,000 3 9.25% 1% 2 10.10% 847 34 25,000 4 9.25% 1% 2 9.94% 655 46 25,000 5 9.25% 1% 2 9.84% 542 58 25,000 6 9.25% 1% 2 9.77% 469 70 25,000 7 9.25% 1% 2 9.72% 418 82 25,000 8 9.25% 1% 2 9.68% 380 94 Examples on effective interest rate calculation for housing loans 100,000 1 7.25% 1% 2 9.16% 10,402 10 100,000 5 7.25% 1% 2 7.71% 2,066 58 100,000 10 7.25% 1% 2 7.51% 1,200 118 100,000 15 7.25% 1% 2 7.45% 930 178 100,000 20 7.25% 1% 2 7.41% 805 238 100,000 25 7.25% 1% 2 7.39% 736 298 4
Examples on effective interest rate calculation for auto loans offered to salaried customers (Flat) 10,000 1 4.50% 1% 2 10.26 % 1,045 10 10,000 2 4.50% 1% 2 9.50 % 495 22 10,000 3 4.50% 1% 2 9.32 % 334 34 10,000 4 4.50% 1% 2 9.16 % 257 46 10,000 5 4.50% 1% 2 8.86 % 211 58 10,000 6 4.50% 1% 2 8.67 % 181 70 10,000 7 4.50% 1% 2 8.56 % 160 82 10,000 8 4.50% 1% 2 8.57 % 145 94 Examples on effective interest rate calculation for auto loans offered to self-employed customers (Flat) 10,000 1 5% 1% 2 11.16 % 1,050 10 10,000 2 5% 1% 2 10.50 % 500 22 10,000 3 5% 1% 2 10.13 % 338 34 10,000 4 5% 1% 2 9.97 % 261 46 10,000 5 5% 1% 2 9.85 % 216 58 10,000 6 5% 1% 2 9.65 % 186 70 10,000 7 5% 1% 2 9.52 % 165 82 10,000 8 5% 1% 2 9.33 % 149 94 Examples on effective interest rate calculation for business loans 25,000 1 9.5% 1% 3 11.40 % 2,937 9 25,000 2 9.5% 1% 3 10.61 % 1,320 21 25,000 3 9.5% 1% 3 10.32 % 880 33 25,000 4 9.5% 1% 3 10.17 % 675 45 25,000 5 9.5% 1% 3 10.08 % 558 57 5
Examples on effective interest rate calculation for Fixed Assets s 25,000 1 9.5% 0% 3 9.66 % 2,937 9 25,000 2 9.5% 0% 3 9.67 % 1,320 21 25,000 3 9.5% 0% 3 9.66 % 880 33 25,000 4 9.5% 0% 3 9.66 % 675 45 25,000 5 9.5% 0% 3 9.66 % 558 57 25,000 6 9.5% 0% 3 9.65 % 481 69 25,000 7 9.5% 0% 3 9.65 % 428 81 Examples on effective interest rate calculation for My Clinic loans 50,000 1 9.5% 1% 3 11.32 % 5,874 9 50,000 2 9.5% 1% 3 10.53 % 2,639 21 50,000 3 9.5% 1% 3 10.24 % 1,759 33 50,000 4 9.5% 1% 3 10.09 % 1,350 45 50,000 5 9.5% 1% 3 10.00 % 1,115 57 Examples on effective interest rate calculation for Tourism loan 25,000 1 7.5% 0% 3 7.66 % 2,903 9 25,000 2 7.5% 0% 3 7.67 % 1,292 21 25,000 3 7.5% 0% 3 7.67 % 853 33 25,000 4 7.5% 0% 3 7.67 % 649 45 25,000 5 7.5% 0% 3 7.66 % 531 57 25,000 6 7.5% 0% 3 7.66 % 455 69 25,000 7 7.5% 0% 3 7.66 % 401 81 6
Examples on effective interest rate calculation for real estate investment loans for leasing purposes 70,000 1 10% 1% 6 11.47 % 12,526 6 70,000 2 10% 1% 6 10.90 % 4,388 18 70,000 3 10% 1% 6 10.66 % 2,765 30 70,000 4 10% 1% 6 10.53 % 2,072 42 70,000 5 10% 1% 6 10.45 % 1,689 54 70,000 6 10% 1% 6 10.39 % 1,448 66 70,000 7 10% 1% 6 10.35 % 1,282 78 70,000 8 10% 1% 6 10.32 % 1,162 90 Examples on effective interest rate calculation for real estate investment loans for sales purposes 70,000 2 10% 1% 12 10.73 % 6,740 12 70,000 3 10% 1% 12 10.57 % 3,540 24 70,000 4 10% 1% 12 10.47 % 2,477 36 70,000 5 10% 1% 12 10.40 % 1,948 48 Examples on effective interest rate calculation for small enterprise reducing loans 30,000 1 10% 1% 3 11.87 % 3,535 9 30,000 2 10% 1% 3 11.09 % 1,592 21 30,000 3 10% 1% 3 10.80 % 1,064 33 30,000 4 10% 1% 3 10.64 % 818 45 30,000 5 10% 1% 3 10.55 % 677 57 7
Examples on effective interest rate calculation for Business Vehicles (New Vehicle) 20,000 1 9.5% 1% 2 11.59 % 2,106 10 20,000 2 9.5% 1% 2 10.71 % 1,004 22 20,000 3 9.5% 1% 2 10.39 % 680 34 20,000 4 9.5% 1% 2 10.23 % 526 46 20,000 5 9.5% 1% 2 10.13 % 437 58 20,000 6 9.5% 1% 2 10.06 % 378 70 20,000 7 9.5% 1% 2 10.01 % 337 82 Examples on effective interest rate calculation for Business Vehicles (Used Vehicle) 20,000 1 9.5% 1% 2 11.59 % 2,106 10 20,000 2 9.5% 1% 2 10.71 % 1,004 22 20,000 3 9.5% 1% 2 10.39 % 680 34 20,000 4 9.5% 1% 2 10.23 % 526 46 20,000 5 9.5% 1% 2 10.13 % 437 58 8
Notes: interest rate is an aggregate of a one year JODIBOR interest rate (as issued by The Association of Banks in Jordan) and a spread that is changed on a daily basis (except for auto loans and advances). Moreover, all examples mentioned before are for illustrative purposes only. For all retail loans the real cost is measured based on nominal interest rate and commission stated in the examples above. 1% will be added to interest rate if the loan is offered to Non Jordanians (customers not carrying a national ID number) (applicable to personal loans, housing loans and advances). For the first year a 1% granting commission is due for all loans except for advances. For advances, interest rate amount is deducted from the loan amount in advance, hence, the value delivered to the customer will be after deducting the interest amount from the loan amount shown in the above examples. For personal loans against foreign currency collaterals, a margin of 1.15% to be fixed and JODIBOR to be added on. For personal loans and advances, the above rates are applicable until further notice. Minimum interest rate offered on personal loans and advances is 9.25%, and the minimum interest rate offered on housing loans for salaried customers is 7.25%. 9