Jordan Commercial Bank Offers No Interest Benefit for Financial Aid Given to Amman Private University Students

Published May 11th, 2005 - 10:23 GMT
Al Bawaba
Al Bawaba

Jordan Commercial Bank (JCBank) signed an agreement with Amman Private University to offer financial aid to Amman Private University students with loan benefits that are both affordable and without interest.


Jordan Commercial Bank’s education efforts derive from their initiative to support education for the future development of the nation.  In doing so, they hope to create social corporate responsibility as well as improve relations with the Jordanian community.  By concentrating on finding stronger benefits for their services, JCBank hopes to unite the Jordanian people together as they start raising the standards of corporations and the community, especially when it involves the education of the youth.


Jordan Commercial Bank strives to stand out as the leading bank enterprise in Jordan through developing the most advance and secure services with premium products and benefits.  JCBank is extending its vision to also providing competitive pricing for their client’s needs so that they may take advantage of their services, such as them university loans, in hope of getting on step closer to the client and their needs.


Dr. Mohamed S. Asadi, Assistant General Manager, Retail Banking & Technology at Jordan Commercial Bank stated, “The new offer Jordan Commercial Bank is providing is one of the first in the nation when it comes to presenting finance for education.  Students at Amman Private University can easily apply for the loan and benefit from the no-interest offer we have made available.”


Dr. Asadi continued to stress, “The process for the application will be fast and easy as Jordan Commercial Bank will try to find appropriate financing for the student’s needs including funding for the year and semester tuition depending on the program they are studying.”
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Dr.  Maher Saleem, head of external relations at Amman Private University stated, “Since Amman Private University is a private institution, tuition costs are higher and therefore playing a direct obstacle for students with limited finances.  This agreement with the Jordan Commercial Bank will aid the students of Amman Academy University on a personal level as they can concentrate on their work rather than their finances. Amman Private University also hopes to ease student’s concerns in all areas to enhance their motivation and ambition towards their future.”   Dr. Saleem continued to state, “Jordan Commercial Bank is not only playing a direct role in student’s lives but is also starting to create social responsibility surrounding education throughout the industries in Jordan that can truly lend a hand.”