Beneficiaries

Small and medium enterprises and companies, factories within the industrial sector, tourist hotels (from 1-3 stars) and government sector.

Interest Rate

The interest rate is 0%, subject to obtaining the energy audit approval from the Jordan Renewable Energy and Energy Efficiency Fund.

Financing Limit

Financing up to (350,000) JODs for a single customer.

Loan Term

Repayment period is up to 5 years including grace period up to a maximum of 6 months, provided that the loan is repaid in the form of monthly payments. 

Guarantees

The bank may ask for any collateral guarantees in light of its evaluation of the creditworthiness of customers, in addition to the guarantee by the Jordanian Loans Guarantee Company.

Financing Objectives

Financing the purchase and installation of power operation devices that generate renewable energy and / or contribute to energy conservation, such as electric power generation systems from solar energy.