Purpose of Financing: A program dedicated to providing suitable financing for energy-efficiency projects in collaboration with the Central Bank of Jordan.
Target Sector: All institutions and companies operating in Jordan.
Loan Amount: The maximum loan amount is 4 million Jordanian Dinars.
Purpose of Financing: Financing working capital, fixed assets, maintenance and expansion activities, or other purposes acceptable to the Central Bank of Jordan.
Loan Tenure: Financing to 10 years, including a grace period of up to two years.
Repayment Frequency: Monthly, quarterly, semi-annually, or annually (determined based on cash flows of the business with monthly interest service).
Interest Rate and Fees: Interest rates range from 2.5% to 3.5% outside Amman and 3% to 4% within the capital.
Financing Percentage: Financing can cover up to 100% of the client's needs.
Collateral: A promissory note representing 85% of the promissory note's value is required, made payable to the Central Bank, in addition to any additional guarantees from the client based on credit assessment.
Financing Conditions:
The client must be of Jordanian nationality. If the borrower is not Jordanian, the submission of a Jordanian co-guarantor with acceptable credit is required.
Obtaining personal guarantees from all major partners through mutual solidarity, regardless of the company type.
The company's name or any of its partners should not appear on the list of bounced checks.
Providing a bank statement for the last 6 months free from bounced checks (if applicable).
The absence of any financial issues within the judiciary's inquiries or any negative indicators in the Credit Bureau system.
Receiving approval from the Central Bank for the loan prior to execution.
