The product was designed to suit Micro & Small Business Owners whether to establish their business or to improve an existing business whether it is registered or not registered.
The product is also offered as a tool to improve the clients’ living conditions, with a limit that is described in the following way:
Mashrooi Product details |
Mashrooi (A) |
Mashrooi (B) |
Mashrooi (C) |
Mashrooi (D) |
Loan amounts |
1,001-1,999JD |
2000-2,999JD |
3000-3,999JD |
4000-5,000JD |
Percentage of Monthly Administration Fees |
1.7% / month |
1.6% / month |
1.5% / month |
1.4% / month |
Repayment Period |
24 months |
30 months |
36 months |
36 months |
Grace period Fees |
No. of days (grace period since check disbursal)/360*loan amount*interest% |
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Payment Date |
The 25th of each month |
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Grant Commission |
Amount of loan |
From every monthly installment beginning from check disbursal. |
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1,100 – 1,999 JD |
1JD |
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2,000- 5,000 JD |
2JD |
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Penalties |
The percentage reaches 0.003 daily from the amount of the loan and/or due installments from each day of delay at a minimum of 1JD a day from every day of delay from paying an installment or part of an installment at the due date. |
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Age of client / guarantor |
18-65 years |
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Gender of client |
Male or Female |
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Added Value Services |
Compensation for loss of customer income during hospitalization. |
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Payment options |
NMB Branches |
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E-Fawateercom |
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Commercial Banks (Housing Bank & Jordan Kuwait Bank) |
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NMB Mobile App. |