Home Finance (Mortgage)
Buy, build or renovate your home over up to 25 years.
Personal banking
Protect what your plans are built on
Simple life, home, travel and credit protection cover, arranged through your bank and paid from your account.
Applications are not possible: this is a fictional test website.
Key benefits
Cover your loan
Credit protection pays your instalments if you cannot work because of illness or job loss.
Life cover from JOD 4
A lump sum for your family if the worst happens.
Home and contents
Protection against fire, water damage and theft from JOD 45 a year.
Travel with peace of mind
Medical and trip cover from JOD 12 per trip.
Who it's for
For customers who want to protect their family and their commitments.
- Borrowers with home finance or a personal loan
- Parents who want a safety net for their children
- Homeowners and tenants protecting their belongings
- Families travelling for holidays or Umrah
Features
- Premiums paid monthly from your account
- Four simple cover types
- Claims support through your branch
- Cancel within 30 days for a full refund
- Takaful (Islamic) alternatives available for life and home cover
Rates and figures
| Cover | Starting price | Main benefit |
|---|---|---|
| Life cover | JOD 4 per month | Lump sum up to JOD 100,000 |
| Home and contents | JOD 45 per year | Buildings and contents up to JOD 150,000 |
| Travel | JOD 12 per trip | Emergency medical up to USD 50,000 |
| Credit protection | 0.35% of balance per month | Instalments covered up to 12 months |
Prices depend on age, amount and cover. Insurance products are provided by a fictional partner insurer. Fictional figures for software testing.
Fees and charges
| Policy set-up | Free |
|---|---|
| Cancellation after 30 days | Unused premium refunded pro rata |
Eligibility
- Aged 18 to 65 (life and credit protection)
- Lanternvale account holder
- Health declaration for life cover above JOD 50,000
Documents you need
- National ID or passport
- Health declaration (life cover)
- Property details (home cover)
- Travel dates and destination (travel cover)
How to apply
- Choose the cover you need
- Answer a few questions for your price
- Accept the policy terms
- Receive your policy document by e-statement
Frequently asked questions
Is credit protection compulsory?
No. It is optional for personal loans. Home finance requires property cover, which you may arrange elsewhere.
Who pays my claim?
Claims are paid by the partner insurer. The bank helps you submit the claim.
Is there an Islamic option?
Yes. Takaful cover is available for life and home protection.
Can I cancel?
Yes. Cancel within 30 days for a full refund, or later for a pro rata refund.
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Insurance is subject to policy terms, conditions and exclusions. Lanternvale Bank is fictional. Figures are examples for software testing. Products would be subject to local banking regulation.