we have the Home financing and saving product "Sukna"
for you!
Arabi Islami offers you the real estate financing and saving product "Sukna" to own your dream home with unique features.
We made your home your saving through the brand new feature of saving-financing which offers you a monthly cash-back credited to your savings account, and after every 12 months, you will be awarded 100% of these amounts if you saved them all.
- Finance up to JOD 250,000
- Finance up to 100%
- Finance up to 360 months.
- Monthly cash-back.
- Fixed or reducing rate depends on contract type.
- Free Takaful life insurance
- No need for a guarantor in most cases.
- Possibility for Joint financing.
- Min age 21
- Max age 70 (at the end of finance tenor)
- Min salary for employees:
- for employees working in Amman JOD 200
- employees working outside Amman : JOD 150
- for business owners (monthly income) JOD 2,000
Financing is subject to the bank’s credit terms and conditions.
The return is fixed at 8% for the first ten years, with a 0% variable return during this period.
After the first ten years, the pricing will be based on the following formula:
(The Central Bank of Jordan’s announced rediscount rate on the renewal day + the fixed margin agreed upon at the start of the contract).
Savings amounts transferred to the customer's account (the savings account specific to this product) are automatically calculated using the following formula:
First:
(Monthly financing return × 0.25%) / Return rate
Example: If the return for the first month is 688 JOD, then the savings amount will be:
(688 × 0.25%) / 8% = 21.5 JOD
Second: Savings Reward:
If no withdrawals are made from the monthly savings amount for a period of 12 months (the lease year), a bonus equal to 100% of the savings account balance will be deposited into the customer’s account.
Free Takaful (Islamic insurance) on life is subject to the terms and conditions of the group insurance policy.
- Price quotation from the real-estate owner/developer.
- Bank statement for last 6 months.
- Most recent certificate of Salary.
- Social security statement.
- A copy of article of association
- Additional documents may be required.
- Ijarah
Refer to the schedule of Fees and commissions.
Easily track your financing with the “Arabi Islami Mobile” application!
The app allows you to manage your financing details anytime, anywhere, with ease and accuracy.
Through:
- A clear overview of all instalments
- Direct payment of deferred instalments
- Full details of your upcoming instalment and its due date
STILL NEED HELP?
We will be glad to help you out!
