The program is designated to grant mid-term credit to the banks through the Central Bank of Jordan (CBJ) with a view to relending to the sector and to the renewable energy sector, the tourist and agricultural sector.
The companies operating in the industrial sector, renewable energy sector and tourist and agricultural sectors.
An interest rate on the credit shall be collected by the re-discount rate on the date the credit is granted minus 2%, in addition to the bank's margin. The same shall be determined by the competent committee.
Up to JD 5 millions
A repayment period up to maximum 5 years including the grace period and maximum 10 years including the grace period to the renewable energy sector
The bank shall be entitled to request any additional guarantees from the client in light of his credit situation evaluation in addition to a promissory note on demand so that it represents value of the required credit (85%) of promissory note value.
Purposes to be financed:
Construction of new industrial units or expansion of the existing ones; to buy machinery or equipment and spare parts; to buy raw materials necessary for the production provided they are connected with the mid-term project and any other purposes acceptable to the Central Bank or approved by it.