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Purchases installment program

Assist to meet the financial needs of clients

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 Payment in Installment of Personal & Household Purchases

Product Features 

Assist to meet the financial needs of clients

Targerted segments 

 

  • Staff of Public Sector
  • Staff of Private Sector
  • Staff of Housing Bank & its branches in Palestine
  • Civil and military retirees 
Product Purposes

  • Purchase of electrical and home appliances, furnishings and personal items.
  • Renovate household items of appliances and furnishings

 Special Determinants of the Product 

  • Program Currency: Dinar, Dollar, Shekel
  • Max Loan Value: 5,000 JOD or equivalent in other currencies
  • Min Advance Value: 300 JOD or equivalent in other currencies
  • Min Monthly Income: 250 JOD or equivalent in other currencies
  • Interest Rate: 0% where the seller will be charged by a fixed annual rate of 5% on behalf of clients and will be deducted in advance from the invoice amount
  • Commission: Without Commission 
Terms of Service

Client Segment

Term of Service

Staff of Public Sector

One year (classified and fixed)

Staff of Private Sector

One year

Staff of the Bank (Housing Bank for Trade & Finance)

One Year


  • Max Advance Tenure including Grace Period: 5 Years 
  • Min Repayment Period: One Year 
  • Min Age of Borrowers: 22 years old 
  • Max Age of Borrowers: 65 years old
  • 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

Required Documentation

Staff Segment 

  • 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
  • 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
  • Price Offer for the purchases issued by the selling company
  • Any other additional documents, if needed

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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.

General Conditions

  • Having salary and/or incomes confirmed by documents accepted by the Bank  
  • No more than 50% of the borrower’s total direct monthly deductions and no more than 100% of net income of his/her direct and indirect obligations. Loans are provided under the ceilings approved by the Bank..   
  • Names of clients shall not be blacklisted as of cheques return or blacklisted with the Bank. If there was a rejected cheques, they must be settled (accordingly) prior to provision of loan.
  • Inquiry about the client within local or international ban lists.
  • Non-appearance of any liability due onto the borrower which indicates repayment failure.
  • Client’s salary shall actually and systematically be transferred to the Bank for a period not less than 3 months for current clients.
  • Signing by the client on all necessary documents for purposes of loan process documentation in terms of requesting life insurance, enhance profile by all documents that prove the client monthly income such as salary certificate, salary transfer letter, account statement for 6 months or the period of receiving the salary, whichever less.