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The National Program to face Coronavirus Crisis

The National Program to Face the Corona Crisis facilitates the appropriate financing for small and medium-sized companies in light of the economic challenges resulting from the impact of the emerging corona virus

It is a program that facilitates financing for small and medium enterprises

  • Cover its financing needs for the purpose of financing operating expenses and working capital
  • Covering its various operating expenses and continuing its activity.
  • Enabling these economic sectors to keep their business running
  • Pay the salaries of its employees

Beneficiaries

The program covers the financing provided to professionals, craftsmen, individual institutions and small and medium enterprises that meet the following conditions and restrictions:

  • Total assets value does not exceed (5) million JODs, or their total annual sales volume do not exceed (5) million JODs.
  • Employees there in are less than (200).

According to the sectors as follows:

Sector

Limit

Sector

limit

Professions and craftsmen sector

20,000

Transformative industries*

1,000,000

Retail Trade

200,000

Transportation

1,000,000

Wholesale Trade

600,000

Health Facilities and services

250,000

Tourist Services

500,000

Hospitals

1,000,000

Hotels

1,000,000

Educational Sector

750,000

Information Technology

500,000

Other sectors

500,000

* including industries based on agricultural activities

 Interest rate

2% without commission

 Loan Term

Repayment period up to (54) months, including grace period up to (12) months as a maximum.

 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.


 Terms & Conditions

  • Interest rate 2%
  • Minimum loan tenor 54 months, including grace period up to 12 months
  • Promissory note payable endorsed for the benefit of the CBJ, which the loan requested represents 85% of the promissory note in addition to any other acceptable guarantees
  • Maximum LTV is 80%
  • Maximum loan tenor for financing fixed assets is 60 months

Loan Term

Repayment period up to (54) months, including grace period up to (12) months as a maximum.

 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.


Related FAQs

We have a dedicated center for small enterprises that provides the needed support to our clients to obtain the suitable financing that meets their expectations with competitive interest rates with flexible loan tenor

Unlimited loan ceiling Tenor of loan up to 30 years

Competitive interest rate

Grace period up to 6 months in case of purchase and up to 24 months for construction

Financing up to 100% of the real-estate estimated value

life insurance coverage

Pre-approved credit card with free subscription fees for the first year

 

-Financing the purchase of residential apartments and houses for personal livelihood.

-Finishing a house under construction or erecting a new one.

-Buying a piece of land and developing construction on it.

-Expand a standing building.

-Tenor of loan up to10 years.

-Grace period up to 6 months.

-Competitive interest rate.

-Pre-approved credit card with free issuing fees for the first year.

-Life insurance coverage.