Startup Loan Program

  1. Purpose of Financing: This program aims to finance startups, encouraging them to secure appropriate funding and enhance their operations. It involves a reduced-interest loan that provides diverse financing options for small and medium enterprises (SMEs), whether to fund fixed assets or working capital. It also allows for covering operational expenses within the industrial and service sectors.
  2. Targeted Sector: The economic sectors targeted include commercial, service, and industrial sectors.
  3. Loan Amount: The maximum loan amount is set at JOD 100,000 for all sectors.
  4. Loan Tenure:
  • For financing fixed assets: Up to 96 months.
  • For financing working capital and purchases: Up to 36 months, in line with cash flows and the operational cycle of the business.
  • Grace Period: maximum of 6 months, with servicing the debt during this period. included in the overall repayment period.
  • Interest Rate and Commission: The interest rate is 9%, with an annual commission of 1%*.
  • Financing Ratio: The financing ratio can reach up to 100% of the client's needs.
  • Financing Conditions:
    • The borrower's age should not exceed 70 years at the end of the loan period.
    • The minimum age for borrowers is 22 years.
    • The client must be of Jordanian nationality. If the debtor is not of Jordanian nationality, an acceptable Jordanian guarantor is required.
    • Personal guarantees must be obtained from all primary partners through solidarity, regardless of the company type.
    • The company name or any of the partners must not appear on the list of bounced checks.
    • A bank statement for the last 6 months must be provided, free from bounced checks or insufficient funds (if applicable).
    • No financial issues should appear in the litigation system queries or any negative indicators in the credit system.
    • Cash flow statements for the entire financing period must be provided to demonstrate project feasibility.
    • Evidence of prior work experience or required professional qualifications must be submitted.

    Please note that in some cases, certain terms are Arabic-specific and may be retained as-is in English due to their technical nature in the banking context.



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