jordan pulse -

Arab Bank recently released a new for the Reflect app, introducing instant loans and the ability to open accounts for non Jordanian residents in Jordan as part of the various range of digital benefits offered by Reflect. This aligns with the bank's commitment to meet the financial needs and aspirations of individuals from various segments, providing innovative services and seamless features to enhance their digital banking experience.

The app has been automatically updated on current users' phones to include these new services. The instant loans feature allows users to obtain short term personal loans digitally through the Reflect app by following simple and quick steps, with loan amounts ranging from a minimum of 300 Jordanian dinars to a maximum of 6,000 Jordanian dinars. Loan repayment can extend up to 60 months without requiring salary transfers to secure the loan. Additionally, the account opening for non Jordanian residents in Jordan service enables residents from specified nationalities to open accounts on the Reflect app through easy and straightforward steps and simple documentation. These residents can also benefit from a wide range of Reflect services, including the ability to multi-currency sub-accounts, load their sub accounts, shop, and make purchases and payments in various currencies, issue Reflect debit cards, use the instant payment service Click, and access exclusive offers and discounts, among other features available to a wide range of non-Jordanian nationalities.

Among the key features Reflect offers its users is the "Buy Now, Pay Later" service, allowing users to make purchases up to 1,000 dinars and make the first payment using QR codes on the Reflect app at selected stores, with the remaining amount divided into three equal installments to be paid over three months without interest. Reflect users with an active e-wallet account can easily issue a Reflect debit card through the app, providing exclusive banking benefits including 1% cashback up to 3 dinars monthly for each transaction, credited as loyalty points to their account.

Users can also request an instant Reflect credit card when opening an account, subject to meeting specific simple conditions quickly, without requiring salary transfers. However, users who transfer their salaries receive a higher credit limit. The credit card offers 3% cashback on all transactions and benefits from a flexible payment program with a repayment period of up to 24 months without interest at selected stores.

Reflect also keeps its users updated with daily offers and exclusive discounts through the app, along with numerous features including bill payment services, sending and receiving money between predefined users, online shopping and payment through the platform, saving time and effort for the user, personal financial goal management, and coordinating a suitable savings plan based on their needs and goals. Users can also perform daily cash withdrawal and deposit transactions using contactless technology at Arab Bank ATMs equipped with this feature. Additionally, the loyalty program allows users to earn points in various ways and use them within the app free of charge after converting them into cash in their main wallet, among other benefits.

The new version of the app is available through Apple Store, Google Play, and Huawei AppGallery.