What are Reflect’s commissions and fees on the instant personal loan?

A breakdown of our commissions:

1. Granting Commission: 1% of the total loan amount (one-time fee).
2. Stamps (First & Second Copies):

• First Copy: 5 JOD fixed
      – 5 JOD for loans above 1000 JOD.
      – 2 JOD if the loan amount is less than or equal to 1000 JOD.

1. Early Settlement Commissions: No commission charges for early settlement. (First & only bank in Jordan)
2. Past Due Penalties:

• 3 JOD if the overdue amount is less than 70 JOD.
• 8 JOD if the overdue amount is greater than or equal to 70 JOD.

1. Re-scheduling Commissions: 5 JOD (not available in the first year).
2. Deferment Fee: 10 JOD (not available in the first year).

** Life insurance is mandatory for all borrowers.