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Personal Advances

The Personal Advances from the Housing Bank helps you with your personal needs under Special conditions

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Targeted Segments

  • Staff of Public Sector
  • Staff of Private Sector
  • Staff of working banks in Palestine
  • Staff of Housing Bank & its branches in Palestine
  • Civil and military retirees
  • Professionals & Craftspeople
  • Employers
  • Clients from Deposit owners’ Segment 
Special Determinants of the Product (Personal Advances / Palestine)

  • Advance Currency Dinar, Dollar, Shekel
  • Max Advance Value 5,000 JOD or equivalent in other currencies
  • Min Advance Value 500 JOD or equivalent in other currencies
  • Max Advance Tenure, including grace period 5 years 
  • Min Repayment Period One Year
  • Min Age of Borrowers 18 years old 
  • Max Age of Borrowers 75 years old at value date of last installment for Shekel-denominated advance
  • 65  years old for other currencies
  • Repayment Basis Monthly
  • Grace Period Max 2 months (calculated within the total period of repayment) 
  • Collaterals As the case may be and under credit policy of the Bank 
General Conditions 

  • Having salary and/or incomes confirmed by documents accepted by the Bank  
  • The total direct and indirect obligations shall not exceed 50%. The debt-burden ratio may be increased by an additional 20% beyond the above-mentioned criteria if an amount of 800 usd, or its equivalent in other currencies, remains from the client’s net income after deducting all obligations
  • The interest is collected in advance 

Required Documentation

  • Valid ID of the client (Identity Card)
  • Recent Bank Statement for the last six months
  • Recent salary certificate for the last month, which demonstrates all particulars of client’s salary and any due deductions or salary slip for staff of working banks in Palestine.
  • Acknowledgement Letter to transfer the salary and continue transfer the salary to the Bank as well as any other benefits for the employee, if salary transfer is conditioned.

Segment of Professionals (Physician, Engineer, Pharmacist, Auditor)

  • Valid ID of the client (Identity Card)
  • Recent Bank Statement for the last six months
  • Practicing Profession Certificate, copy of valid association membership card, copy of tenancy contract or ownership deed of the place of business
Segment of Employers

  • Valid ID of the client (Identity Card)
  • Recent Bank Statement for the last six months
  • Recent registration certificate of not more than six months, valid professional license.
  • In case of no recent bank statement for the last six months that proves the client’s income, a field visit will take place to client’s stores to verify his/her monthly income

 

  

 

 

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*The applicable interest rate on the calculator is the lowest rate within the product segments.

*The interest rate depends on the income amount, source of income, financing ratios, and customer’s classification.

*The information mentioned above Is for illustrative purposes only and shall not be considered final. for more information, Please Contact 02-2945500, or visit your nearest branch.

*For more information regarding the available interest rate and classifications in the Bank, please click here.

Too Many Commitments To Fulfill?

Pay off your commitments and buy the things you`ve always wanted with our personal Advance.

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