It is a program that facilitates financing for small and medium enterprises
Beneficiaries
The program covers the financing provided to professionals, craftsmen, individual institutions and small and medium enterprises that meet the following conditions and restrictions:
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 |
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
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.
- Unlimited loan limit Tenor of loan up to 30 years
- Competitive interest rate.
- Grace period up to 6 months in case of purchases 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.
The Maximum Personal Loan amount is 70,000 JOD.
- Valid national ID or valid passport for non-Jordanians
- Latest Salary Slip
- Social security subscription letter
- Income verification letter
- Bank statement for the last 6 months
- Company registration certificate for entities, valid profession license, practice profession license, and association membership certificate
The minimum personal loan amount is 3,000 JODs.