Purpose of Financing: This program aims to provide funding for Craftsmen and professionals It involves a diminishing loan structure that offers a wide range of financing options for small and medium-sized (SMEs) institutions/companies. The funding can be directed towards either fixed assets or working capital and operational expenses.

Targeted Sector: Service and Industrial Sector.

Loan Amount: The maximum loan amount is JOD 250,000.

 Working Capital and Purchases Financing: Up to 36 months, depending on cash flows and operational cycle of the activity.

FIXED ASSETS (Offices, Building, Cars, Machines…ETC): UP TO 72 MONTHS

Grace Period: maximum of 6 months, with servicing the debt during this period. included in the overall repayment period.

Interest Rate and Commission: 9.25% interest rate and 1% commission annually.

Financing Percentage: Financing can reach up to 100% of the client's needs.

Financing Conditions:

• The borrower’s age shall not exceed 70 years by the end of the life of the loan.
• The minimum age of the borrower is 20 years old.
• The client must be Jordanian. In the case the debtor is non-Jordanian, the submission of an acceptable Jordanian sponsor is required.
• Obtaining personal sponsorship for all key partners with solidarity, regardless of the type of company.
• The name of the company or partner must not appear on the list of returned cheques.
• Must obtain a bank statement for the last 6 months, with no returned cheques for insufficient balance (if applicable)
• Must not have any financial issues or any negative indications within the CRIF system.

*For individual enterprises and small businesses, 1% commission is deducted upon grant only

For Small Businesses:

In the event of a client’s  late payment, and if the contract signed with the client includes a clause stating the bank's right to collect late payment interest, it must not exceed 1% annually of the interest rate applied at the time to the value of each installment(s) that the client is late in paying