Finance for home business startups or active business improvements and active home business with or without registration as well as for education, health, home improvements and purchases in the case of debt resolution also lastly for reasons not mentioned that the bank approves of.
The national microfinance bank is known for easy and fast procedures making it possible to get a loan within days and the size of the loan is suitable for business needs while repayment length and amount is based on the ability to pay
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Loan size |
Repayment Period |
Watani (A) |
400-599JD |
16 months |
Watani (B) |
600-1000JD |
22 months |
Loan Description |
Traditional |
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Loan Size |
400-1000 JD |
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Application Fees |
None |
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Deductions |
None |
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Disbursement Fees |
1 JD for every monthly repayment calculated from cheque issuance |
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Grace Period |
None unless requested by client for the first monthly repayment to be deducted from cheque amount according to grace period calculation No. of days (since cheque issuance until grace period)/360*Loan Amount*Interest Rate |
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Delay Fees Penalties |
Reaching 0.003% daily of the repayment amount and/or repayments due for everyday of delay with a min. of 1 JD daily for every delay |
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Pricing |
1.75 monthly 21% annually |
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Payment Methods |
Cash at designated branches or national microfinance bank branches or mobile app. or e-fawateercom or by cheque or wire transfer |
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Warranties |
Listed below: |
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400-500JD |
501-800JD |
801-1000JD |
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Signatory |
2 Signatory |
2 Signatory |
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Basic Paper work |
Basic paper work |
Basic Paper work |
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Proof of income |