Provide a wide and multiple options of different financing purposes for business sector of SMEs, self-employed individuals, professionals and craftspeople within different economic sectors, that meet their needs and expectations within financing of goods, working capital, and that fit with the client’s basic activity.
Targeted Segments
- Professionals, Craftspeople, self-employed individuals within different economic sectors
- SMEs within different economic sectors
- Clients from Deposit owners’ Segment
Special Determinants of the Product (Business Loans / Palestine)
Loan Currency Only Jordanian Dinar “JOD”
Max Loan Value 100,000 JOD for each client
Min Loan Value 10,000 JOD
Financing Rate Up to 100% and as the case maybe
Max Loan Tenure Including grace period Max 3 years
Min Repayment Period Max 6 Months
Min Age of Borrowers
- Personal Capacity (Natural Persons): 25 years old (with no less than 3 year of operational experience
- Legal Personality (Corporates & Institutions)The operational age shall not be less than 3 years
Max Age of Borrowers
- Personal Capacity (Natural Persons): 70 years old by the end of financing / loan tenure
- Legal Personality (Corporates & Institutions): Unlimited
Repayment Basis Monthly or quarterly or seasonal or lump sum (if required) and as per the client’s cash flows
Grace Period Max 6 months (calculated within the total period of repayment)
Collaterals As the case may be and under the Bank credit policy