Darkom signs its first agreement with Cairo Amman Bank

This agreement is the first of its type to be signed by the housing loan insurance company "Darkom" with a bank in the kingdom. This agreement will give community members regardless of their socio-economic background the opportunity to have long-term housing loans with competitive interest rates, flexible payment terms, reduced down payments, and reduced monthly installments.

Cairo Amman Bank was prompted to sign this agreement with Darkom based upon the latter's demonstrated ability to provide innovative financial products that in turn provide community members with low and medium sized income earnings with access to affordable housing solutions.

Darkom's strategy is to make the ownership of real-estate properties attainable for all segments of the community regardless of their socio-economic background. It achieves this goal by allowing buyers to purchase real-estate properties through funding solutions that harbor payment terms that extend up to 25 years. The company's solutions also serve to reduce risks incurred by banks and to make the monthly installments incurred by homebuyers more affordable.

Since its launch Darkom has worked to provide lenders, banks and other financial institutions with protection against losses they may incur as a result of a payment default on a mortgage loan.

"We are very glad to be signing this agreement with Cairo Amman Bank as this marks a milestone within our operation. Cairo Amman Bank's decision to collaborate with us serves to further prove the high level of confidence and belief its management has in our services. We are confident that our joint collaboration will serve to enhance Jordan's real-estate sector, as this agreement will serve to invite more people to invest in real estate. We look forward to many positive outcomes to being reaped from this partnership and we look forward to working closely with Cairo Amman Bank to make our vision for this sector a tangible and attainable reality", explained General Manager of Darkom, Mr. Waseem Wael Zurub.

Mr. Kamal Al-Bakri, GM of Cairo Amman Bank said, "We are proud to be signing this agreement with Darkom. We believe that our cooperation will be very fruitful and all the sectors in the Kingdom will benefit from this cooperation."

"Our aim is to provide homebuyers with financial solutions that respond to their needs. We chose to collaborate with Darkom based upon a strategic plan that guarantees both parties rights," he added.