Definition:
This program is dedicated to finance new and outstanding projects (including extensions, developments and improvements) for small and medium companies' customers doing business in various economical productive sectors that generate income; i.e. Industrial, agricultural projects and services, Craftsmen projects, domestic trade projects, other services projects, such as doctors, engineers, lawyers and consultants.
Beneficiaries:
Individuals, sole proprietorship companies, limited partnership, limited liability companies, which are registered and licensed to practice its business.
Interest Rate:
Interest rate is equivalent to Overnight Interbank price + margin to be defined by the Bank, or interest rate to be applied in accordance with applicable rates by the bank in loan granting date.
Financing Ceiling:
Up to (250,000.00 JD)
Percentage of Financing:
The borrower has to contribute by at least 25% of project cost if such financed project is new.
Loan Term:
Repayment period is up to six years including grace period up to a maximum of 12 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 working capital, fixed assets, raw materials of projects, industrial and agricultural services, craftsmen projects, and other services projects; i.e. Doctors, Engineers, lawyers, transport and tour sector & trade sector transactions.
