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Economic Sectors Support Program (Med-term loans)

This program is dedicated to offer suitable financing for industrial, renewable energy, tourism, agricultural, health, education, training, transportation, export, engineering consultants and IT sectors through the Jordanian Central Bank directly at finan

Beneficiaries

​Firms and companies working the industrial, renewable energy, tourism, agricultural, health, education, training, transportation, export, engineering consultants and IT sectors​

Interest Rate

  • Financing the projects inside Amman: 1.00% + margin defined by the bank, at minimum of 3.75%
  • Financing the projects outside Amman: 0.50% + margin defined by the bank, at minimum of 3.25%

Financing limit
Financing Limit is up to 3 M. JODs for target sectors within the program, excluding renewable energy and transportation and tourism sectors since the Limit is up to 4.00 M. JODs.

Guarantees
Promissory Note payable endorsed to the favor of CBJ which the loan requested represents 85% of the promissory note, in addition to any other extra guarantees from the customer on the light of assessing the client's credit worthiness. 
 
Loan Term
Repayment period is up to 10 years at maximum in terms of target industries within the program, including the grace period up to 2 years. Loans can be repaid on monthly, quarterly, semiannual payments or one lot.

Financing Objectives
All objectives; within economical activities of target sectors, through financing the working capital or fixed assets or maintenance and expansion works or salaries or operating expenses or any other objectives which are approved by the central bank.