Other Purposes Financing Program in cooperation with the Arab Fund for Economic and Social Development

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:

1. Total annual sales or assets shall not exceed 3 million dinars
2. number of employees shall not exceed 100

In case of overlapping criteria, the number of employees is used as final criterion for classification

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

Funding up to (500,000) JOD or its equivalent in U.S Dollar

Financing Currency

Jordanian dinar or US dollar

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.