Military Credit Fund

Leasing

It is an Islamic product where the lessor acquires the property which is ready for accommodation (apartment/ house) then leases the same to the lessee (subscriber) at a lease return starting at 2.5% per year.

Own your apartment/ house from now on under the financing lease contract from the Military Credit Fund with a term of repayment up to 15 years.

The maximum finance limit:

1- Officers up to (32000) Jordanian Dinars.

2- Noncommissioned officers, individuals and civilian employees up to (16000) Jordanian Dinars.

Noting that the debt burden shall not exceed 30% of the net monthly salary.

Required documents for funding the purchase of a ready housing unit :

Certificate of appointment.
Family book or a certified copy thereof.
Salary statement for the last three months issued by the Finance Department of the agency to which the subscriber is affiliated with and must be duly signed and sealed.
Certificate of liabilities from the bank to which the salary of the subscriber is transferred indicating all liabilities and the value of monthly installments as a debtor and guarantor, in addition to any debit cards and other liabilities.
statement of account for the last six months issued for the subscriber from the bank to which the salary is transferred.
To provide us with a letter of no- impediment against transferring the value of the monthly installment from the bank to which the salary is transferred if the salary of the subscriber is not transferred to the Fund.
Original letter of the stages of services issued by the Personnel or officers Affairs for off-duty and those reinstated.
Statement of inquiry on immovable properties issued by the Lands Department.
Recent deed of registration of real property.
Construction license or occupancy permit.
Recent organizational site plan
Recent Lands Plan.
A real estate appraisal by a surveyor approved by the Fund.