MASHROOI LOAN
  • Target Audience:

Home business startups or to improve active small businesses and for home business owners or independent businesses without being registered as well as for poor families or health or home improvements or for purchases and for debt resolution or for reasons not listed but approved by the company.

 

* Business (A)


 

Loan Description

Traditional

Loan Size

1001-1999 JD

Payment Period

Max. 26 months

Application Fees

None

Cut

None

Grace Period

None but if client asks for a grace period for the first installment the period interest is deducted from the cheque according to the fees applied: No days (from the date the cheque is issued till grace period)/360*Loan Amount*Interest Rate

Pricing

1.7% monthly

20.4% Annually

Source of Payment

Cash at designated banks or National Microfinance company branches or through mobile app. or e-fawateercom or by cheque or wire transfer

Warranties

Listed below:

 

1001-1300 JD

1301-1999 JD

  1. 2 guarantors
  2. Basic Paper work
  3. Proof of income for one of the guarantors (depending on the nature of the work and in accordance with the sponsorship policy).
  1. 2 guarantors
  2. Basic Paperwork
  3. Proof of income for guarantors
     (Depending on the nature of the work and in accordance with the guarantee policy).

* Business (B)


 

Loan Description

Traditional

Loan Size

2000-2999 JD

Loan Length

Max. 24 months

Application Fees

None

Deductions

None

Grace Period

None but if client requests grace for first monthly repayment interest is deducted from the amount of the cheque according to grace amount

No of days(from cheque to grace period)/360*loan amount*interest rate

Pricing

1.6% monthly

19.2 annually

Payment Methods

Cash at designated branches or national microfinance company branches or mobile app. or e-fawateercom or by cheque or wire transfer

Warranties

Listed below:

  1. 2 Signatory with proof of income

Documentation

  1. Basic Paperwork
  2. Proof of income for guarantors
     (Depending on the nature of the work and in accordance with the guarantee policy).

 

 

Business (C)

Loan Description

Traditional

Loan size

3000-3999JD

Loan Length

Max. 40 months

Application Fees

None

Deductions

None

Grace Period

None unless requested by client for the first monthly installment to be deducted from cheque according to grace period fees

No of days (from cheque issuance to grace period) /360*loan amount*interest rate

Pricing

1.5% monthly

18% annually

Payment methods

In cash at designated banks or national microfinance company branches or through mobile app. or e-fawateercom or by cheque or wire transfer

Warranties

Listed below:

  1. 2 guarantors with proof of income
  2. Mortgage

Documentation

  1. Basic Paper work
  2. Proof of income for guarantors  (Depending on the nature of the work and in accordance with the guarantee policy)..

* Business (D)


 

Loan Description

Traditional

Loan Size

4000-5000 JD

Loan Length

Max. 40 months

Application Fees

None

Deductions

None

Grace Period

None unless requested by client for the first monthly installment to be deducted from cheque amount according to grace period fees No of days(from cheque issuance to Grace Period)/360*Loan amount*Interest Rate

Pricing

1.4% monthly

16.8% annually

Payment Methods

In cash at designated banks and National Microfinance company Branches or by mobile app. or e-fawateercom or by cheque or wire transfer

Warranties

listed below:

  1. 2 guarantors with proof of income
  2. Mortgage

Documentation

  • Basic Paperwork
  • Proof of income for guarantors

Loan Application

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Allowed types: gif, jpg, jpeg, png, bmp, eps, tif, pict, psd, txt, rtf, html, odf, pdf, doc, docx, ppt, pptx, xls, xlsx, xml, avi, mov, mp3, mp4, ogg, wav, bz2, dmg, gz, jar, rar, sit, svg, tar, zip.
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8 MB limit.
Allowed types: gif, jpg, jpeg, png, bmp, eps, tif, pict, psd, txt, rtf, html, odf, pdf, doc, docx, ppt, pptx, xls, xlsx, xml, avi, mov, mp3, mp4, ogg, wav, bz2, dmg, gz, jar, rar, sit, svg, tar, zip.
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Calculate your monthly installment

0 JD

1001 JD

5000 JD

0 Month

1 Month

0 Month

Note

  • The calculated monthly installment value is an approximate value for guidance purposes only and is not considered final.
  • The National Microfinance Bank has the right to change the financing value and the monthly installment according to its applicable policies.
  • It is subject to the product terms and conditions of the National Microfinance Bank
  • For more information, please contact the telephone service center at 0798777733  or at 062001010 or visit the nearest Branch to you.