A dedicated program to finance development projects across various economic sectors for clients within the corporate private sector, in collaboration with the Arab Fund for Economic and Social Development.
Beneficiaries of the Program
Private sector corporates are operating in various economic sectors that meet the following criteria:
Sales or assets ranging from 1 – 3 million JOD and Workforce size between 1 – 100 employees
Interest Rate
An interest rate is applied according to the bank's prevailing rates at the time of granting with a minimum of 8.25%.
Financing Ceiling
Jordanian dinar or US dollar*
*Compliance with regulations for granting facilities in foreign currency will be assured
Financing Currency
Jordanian dinar or U.S. dollar (Foreign currency regulations are observed if the loan is granted in USD).
Loan Duration
- Term Loans - The loan tenor can be up to 8 years including the grace period.
- Revolving Loans – The loan is granted for a one-year term, with the renewal of the credit limit subject to the bank’s internal procedures.
Guarantees
The bank may request any additional guarantees from the client based on the credit situation assessment.
Purposes of Financing
All sectors and projects are eligible for funding provided that the financed projects have a developmental impact.
