Renewable Energy Project Financing Product

  1. Purpose of Financing: A program dedicated to providing suitable financing Renewable energy projects( solar and wind energy ) in collaboration with the Central Bank of Jordan.
  2. Target Sector: All institutions and companies operating in Jordan.
  3. Loan Amount: The maximum loan amount is 4 million Jordanian Dinars.
  4. Purpose of Financing: Financing working capital, fixed assets, maintenance and expansion activities, or other purposes acceptable to the Central Bank of Jordan .
  5. Loan Tenure: Financing to 10 years, including a grace period of up to two years.
  6. Repayment Frequency: Monthly, quarterly, semi-annually, or annually (determined based on cash flows of the business with monthly interest service).
  7. Interest Rate and Fees: Interest rates range from 2.5% to 3.5% outside the Amman and 3% to 4% within the capital.
  8. Financing Percentage: Financing can cover up to 100% of the client's needs.
  9. 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.
  10. 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.