Revolving Overdraft Loan

Withdraw 2 times your transferred salary

The revolving overdraft facility allows public and private sector employees to withdraw twice their salaries transferred to Cairo Amman Bank to cater to their emergency financial needs. The maximum  amount is 20,000 NIS or its equivalent in dinars or dollars.


Features:

  • Overdraft up to an amount equal to twice the salary
  • If your salary is transferred to Cairo Amman Bank, you can obtain this service easily and immediately
  • This facility allows you to withdraw up to twice your salary through ATMs or checks on your account
  • Interest is only calculated on the utilized amount

Terms and Conditions:

  • Salary must be transferred to Cairo Amman Bank
  • Presenting a statement from the company or institution in which the borrower worksindicating salary transfer and end of service benefits
  • Private and public sector employees whose work experience exceeds two years are entitled to twice their salary
  • Private and public sector employees whose work experienceranges between 12 months and two years are entitled to double their salary only
  • Military forces in public sector with over five years of experience are entitled to twice their salary
  • In the case of existing obligations, the percentage of the installmentto the salary should not exceed 45% in case granted twice the salary; otherwise,the bank grants only one salary
  • The overdraft will be before the age of 60