Nature of the product | A reducing loan that can be renewed annually after Full payment and account review (granted once a year). |
Target group | Doctors and clients with Gulf Insurance Group Individual institutions and companies classified as small and medium enterprises that have dealings with Gulf Insurance Company and operating within the following sectors:
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Target customers |
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Repayment period | The repayment period for the financing is up to 12 months installments including interest |
Loan Amount | The maximum loan amount is JOD 100,000 and not less than 10,000 |
Interest Rate | %10 |
Commission | 1% for one time |
Payment sources | The value of the company’s receivables is transferred from the insurance company to its account with the Jordan Kuwait Bank, pursuant to a letter of transfer from the Gulf Insurance Group, and the pledge is renewed for each new grant transaction. |
Financing conditions |
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* Campaign ends on 30/4/2025.