Jordan
Ahli Bank
has launched the
Kingdom’s first-of-its-kind ‘Rent Now, Pay Later’ service in the banking sector,
granting customers a flexible way to finance residential rent. This step
demonstrates the bank’s unwavering focus on developing practical banking
solutions that respond to the changing needs and lifestyles of its customers.
Accessible through the ahli Mobile
app, the service enables eligible customers to obtain tailored financing for
rent-related obligations and manage their payments with greater flexibility.
The rent amount is transferred directly to the landlord, subject to the
applicable terms and conditions.
Customers can access financing capped
at JOD 18,000, with a flexible repayment period of up to 12 months, allowing them
to better manage their monthly expenses and plan their financial commitments
according to their circumstances.
The service is offered to the
Jordanian retail banking customers of Jordan Ahli Bank, subject to the
approved eligibility criteria, credit controls, required documentation and the
bank’s internal assessment and approval procedures.
The launch of ‘Rent Now,
Pay Later’ builds on Jordan Ahli Bank’s strategy of developing practical
and accessible banking services that mirror its understanding of customer needs
and make a tangible difference in their daily lives. The service also
reinforces the bank’s position as a leader in banking innovation by introducing
a new financing model that keeps pace with customers’ evolving needs and gives
them greater flexibility and choice in managing their financial obligations.
