Financial services
- Target Audience:
A flexible loan product designed to capture the privacy of independent loans and the options in group lending. Loans are disbursed in one check for both parties that are both responsible for repayments. Suitable for home microbusinesses that do not need complicated procedures to be established or registration. Personal Dual loans are also available to improve living circumstances through purchases, and health. and for the purpose of paying an obligation on the customer such as completing the price of a car or maintaining or licensing the car, or for purposes not listed above and accepted by Al-Watani.
Loan Description | Traditional | |||
Amount of loan | 400 – 4000 JD | |||
Repayment Period | Decided by loan amount: Dual (A) 400-699 JD = 16 months max. Dual (B) 700-1000 JD = 22 months max. Dual (C) 1001-2000 JD = 26 months max. Dual (D) 2001-3000 JD = 36 months max. Dual (E) 3001-4000 JD = 40 months max. | |||
Details of commissions fees, and penalties | Click here to view the details | |||
Grace Period | None, but if requested by the clients is deducted from the pay check, calculated below: No of days (from check disbursal to Grace Period)/360*Loan Amount*Interest Percentage | |||
Product pricing | Interest is 1.75% monthly (Dual (A)(B)(C)) 21% annually Interest is 1.6% monthly (Dual (D)) 19.2% annually Interest is 1.5% monthly (Dual (E)) 18% annually | |||
Loan Disbursement | E-wallet services and cheque Official cheque issued by the National Microfinance Bank. | |||
Payment Options | Cash repayments at registered banks or National Microfinance Bank branches or by mobile application or through e-fawateercom or by cheque or by wire transfer According to the credit recommendation | |||
Warranties | 400-600 JD | 601-799 JD | 800-1500 JD | 1501-4000 JD |
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Loan Application
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.