Changing a loan collateral Replacement of current sponsor with anew sponsor
The Fund’s headquarters – Amman – Financing department / branches
- Required Documents
- Persons benefiting from the service
- Related Services
Conditions for obtaining service
- The loan should not be non-performing.
- The new sponsor’s salary should be sufficient for the deduction.
The entity in which the new sponsor works.
- The service applicant (Borrower) submits a petition in the records section containing the request for replacement.
- Provide the applicant with an undertaking form (payment pledge)addressing the entity in which the new sponsor works.
- The applicant shall hand-over the undertaking to the credit officer.
- The application is referred to the loans committee rapporteur for review.
- Upon approval by the committee and informing the relevant branch:
- The Borrower and the new sponsor shall sign an annex to the agreement.
- Complete the procedures of the old sponsor’s quittance.
Petition submission stage:
- Certified copies of the new sponsor’s ID card.
- Original salary certificate of the new sponsor.
After approval of the new sponsor:
- A commitment letter of deduction from the sponsor’s employer.
Persons benefiting from the service
The borrower (only in presence of the borrower).
FilesNo Found Files
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