Private Vehicle

• Fully Shariah-compliant financing.
• Financing up to (100%) of the vehicle’s value.
• Financing up to JOD (35,000).
• Flexible repayment periods of up to 7 years.
• Grace period of up to 3 months.
• Financing for new and used vehicles.
• Takaful (Islamic Insurance) coverage in case of death or total/partial disability.
• Option to consider multiple income sources.
• Option to grant without a guarantor.
• Competitive Murabaha rates.
• Fast procedures.

• Valid National ID for Jordanians. 
• Valid passport for non-Jordanians, along with a certified residency permit or employment contract.
• Proof of income and bank statement for the last 6 months.
• Vehicle price quotation.

*The company reserves the right to request any additional documents if needed.

Terms & Conditions:

• Applicant age must be between 22 and 70 years, and not exceed 65 years at the time of approval.
• Minimum monthly income must not be less than JOD (300) for the public sector and JOD (350) for the private sector.
• Financing is available for new vehicles of the current year, the previous year, and the following year.
• The age of used vehicles must not exceed 5 years at the time of approval.
• A commitment letter for salary deduction equivalent to 110% of the installment value must be provided to Housing Bank.
• The vehicle must be mortgaged in favor of the Specialized Islamic Finance company.
• Minimum employment period at the current workplace must be at least 3 months.
• Comprehensive vehicle insurance is mandatory.

*Subject to the product’s terms and conditions.