publish date 2021-06-22 12:46:17
Sources revealed that there are tendencies among some banks to postpone the installments of the next month, which coincides with the blessed Eid al-Adha, as an initiative to relieve citizens, as the banks will announce to their customers the mechanism and procedures for the postponement.
She explained that some banks will postpone all customers, while others will ask the customer to review the bank.
While the Central Bank and the government have not yet issued any directions regarding postponing loan installments, especially with the presence of several occasions for Eid al-Adha, the opening of schools and universities, and the return of students.
It is worth noting that the indebtedness of individuals with banks and non-bank financial institutions in Jordan increased the value of loans granted by local banks last year by 1.55 billion dinars, or 5.7% compared to its level in 2019, according to the Central Bank bulletin.
The total value of loans granted at the end of last year amounted to 28.63 billion dinars, compared to 27.08 billion dinars at the end of 2019, according to the schedule of credit facilities granted by banks according to type.
Credit facilities are defined as the services provided to clients by which individuals, institutions and establishments in the community are provided with the necessary funds, provided that the debtor undertakes to pay those funds, their interests, the commissions owed on them and the expenses in one go or in installments on specific dates, and bank credit is granted based on a set of conditions, including the existence of guarantees. Which guarantees the bank to recover his money in case the customer stops paying without any losses
She explained that the indebtedness of individuals with banks and non-bank financial institutions accounted for 67.4 percent of the total annual income of Jordanian families, meaning that the total debts on families constitute about two-thirds of their annual income, so that if the family’s income is 10,000 dinars per year, the debts on those The family is estimated at 6740 dinars.
It is noteworthy that banks operating in the Kingdom require, as a basic criterion in individual loans, that the percentage of their total debt burden does not exceed 50 percent of the monthly income as a maximum, meaning that the total value of loan installments and interest paid by the individual as a percentage of his monthly income, should not exceed half of the individual’s monthly income.
#banks #postpone #installments #occasion #Eid #alAdha
Source : ألدستور