SCOOTER PRODUCT

The National Microfinance Company aspires to serve more clients and reach new segments out of a belief in economically empowering the youth and financing their income generating activities to improve living circumstances for theindividual
consequently positively affecting the community. In light of this the Scooter product was designed for the purchase of a Scooter as a way to benefit from the new delivery hype whether by the individual or business
 

Target Audience

Clients interested in purchasing a Scooter

Loan Size

1000-3000 JD

Product Description

Scooter (B)

Scooter (C)

Loan Max.

1000-2000JD

2001-3000JD

Loan Length

30 months

36 months

Increment of Payment

Monthly

Product pricing

20% annually

1.66% per month

19% annually

1.583% per month

Debt Burden Ratio

55% calculated by dividing all repayments by net income

Grace Period

None

Loan disbursal

By cheque from the national microfinance compamy to the dealer in Jordan according to a price quotation

Disbursal Fees

None

Payment Methods

Mobile app.

e-fawateercom

In cash at designated banks (Housing bank and Kuwaiti Bank)

National Microfinance Company Branches

Wire transfer, If a deduction authorization is available.

approval

Within the applicable lending principles and rules, in addition to loan instructions, in addition to credit inquiries through the available systems

Warranties

Listed Below:

1001-2000JD

2001-3000JD

  1. Basic Paperwork to the client and guarantors
  2. Documentation The client's financial data (income statement).
  3. 2 guarantors, Regardless of kinship.
  4. Proof of income For the guarantors and for the customer, if available
  5. Price quotation for scooter
  6. Xerox of license type 12 if available
  7. Mortgage, Obtaining a copy of the license when executing the mortgage and keeping it in the contract attachments.

Loan Application

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One file only.
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.
One file only.
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.
One file only.
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.
One file only.
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.
One file only.
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.
To create your own e-wallet, Please fill out the wallet opening request   
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Calculate your monthly installment

0 JD

1000 JD

3000 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.