إمكانية وصول الأشخاص ذوي الإعاقة

Target Audience

Small and Micro Business Owners, Professionals, Artisans as well as independent workers whether (new clients or forfeiting) for the purposes of covering operation costs or financing working capital or paying expenses to assist business continuity in light of the economic challenges due to COVID-19

Loan Size

Small home business and professionals

Micro business and small companies

1000-5000 JD

5100-25000JD

Loan Grades

(A)

(B)

(C)

Loan Limits

1000-3000JD

3001-5000JD

5100-25000JD

Repayment Period

Up to 42 months with a grace period up to 12 months max. refer to business loan product loan amounts

Pricing

9% annually(0.75% monthly)
that is (5% annually with declining interest due from the client and 4% with declining interest max. due by the government of Jordan)

No of employees

Less than 5 employees (micro and small business)

5-20 employees (Small Businesses)

Debt Burden Ratio

% DBR calculated by dividing total repayments due by income

Grace Period Fees

None

Disbursement Fees

None

Disbursement

By Cheque to supplier according to quotation or bill both stamped for authenticity. For loans less than 3000 it is possible to ask for 30% in cash

Penalties

Reaching 0.003 daily of the payment amount and/or due repayments for every day of delay with a min. of 1 JD daily for every day of delay in paying installment or a portion of an installment when due.

Payment Methods

Mobile App

e-fawateerkon

Banks (HBTF & Kuwaiti Bank)

Cash or cheque in NMB Branches

Warranties

Listed below:

1000-2000JD

2001-2999 JD

3001-5000 JD

5100-25000JD

• 2 guarantors
• Proof of income for one of the guarantors, whether the customer is new or returning.
• Basic Paper work (Customer ID, family book, proof of residence)
• Business Registration and lease
• License
• Bank statements for 6 months
• Financial Overview (Project budget, payroll, working capital)
• Guarantors’ information (identities, commercial records, financial information)
• Suppliers information (A copy of the supplier’s identity, profession license, commercial register
• Possible mortgage of vehicle or machinery

Information is study

• Description of Client
• Financial Hierarchy
• Latest improvements to the business
• Simple Work Plan
• Financial Analysis (liquidity, activity and growth, profitability, indebtedness, cash flow)
• Risk Assessment
• Recommendation