Designed for Medium size Business owners for financing capital or making purchases with preference for businesses that have strong and steady cash flows that are managed professionally and chosen after thorough studies.
Loan Description |
Traditional |
Loan Size |
5001 - 50000JD |
Repayment Period |
Max. 48 months (for New and Returning Clients) |
Application Fees |
40JD (for new clients) and 30JD (for returning clients) |
Cut |
1% Lump Sum (for new client), 0.5% Lump sum (for returning clients) |
Disbursement Fees |
5 JD for every monthly repayment from cheque issuance |
Grace Period |
None unless requested for the first month's payment by client to be deducted from the cheque according to the following calculation: No of days(from cheque issuance to grace period)/360*Loan Amount*Interest |
Delay Fees |
Reaching 0.003% daily of the amount of the repayment and/or due repayments for every day of delay with a min. of 1 JD daily for every day of delay in paying any installment or a portion of an installment due. |
Pricing |
11% annually 0.916% monthly |
Payment Methods |
Cash at Designated Banks or NMB branches or through e-fawateercom or by cheque or by bank transfer from income According to the credit recommendation |
Warranties |
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Documentation |
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Information from Credit Study |
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