Definition: This program is dedicated to finance wide and various options in trade and business sector; small companies, vocational individuals, individual businessmen in various economical sectors to meet their needs and expectations.
Beneficiaries:
Vocational persons, craftsmen, and Individual businessmen.
Interest Rate:
Interest rate is equivalent to Overnight Interbank price + margin to be defined by the Bank.
Financing Ceiling:
Up to (50,000.00 JD)
Loan Term:
Repayment period is up to five years including grace period up to a maximum of six months.
Guarantees:
The bank may ask for any collateral guarantees in light of its evaluation of the creditworthiness of customers, in addition to the guarantee by the Jordanian Loans Guarantee Company
Financing Objectives:
Financing the expansion and maintenance works, buying partners shares, goods purchase, decoration and updating works, opening new branches… etc.,
