Loan amounts |
Home based business |
Licensed business |
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300 – 2000 JD |
1001 – 3000 JD |
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Product Category |
Taafi home (A) |
Taafi home (B) |
Taafi Business (A) |
Taafi Business (B) |
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Loan Ceiling |
300–600 JD |
601 – 1000 JD |
1001 – 2000 JD |
1001 – 2000 JD |
2001 – 3000 JD |
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Repayment Terms |
15 months |
20 months |
24 months |
24 months |
30 months |
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Percentage of Yearly Administration fees |
19.8% |
19% |
18.9% |
18% |
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Grace Period |
1 – 2 Months |
1 – 3 Months |
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Business working capital |
To take into consideration the study of the client’s credit record and cash flows. |
To take into consideration during the credit study that the value of the loan does not exceed 35% -40% of the value of the working capital. The value of the granted loan may be reconsidered after studying his credit record and cash flows, and in case the client is a repeated client. |
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DBR |
55%, DBR is measured by dividing all the client’s active loan installments by the total income. |
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Grace Period fees |
# days (from the disbursement day till start of grace period)/360*loan amount*interest rate |
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Loan disbursement method |
Through e-wallet |
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Grant Commission |
Loan amount |
from every monthly installment beginning from check disbursal. |
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300 – 2000 JD |
1JD |
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2001 - 3000 |
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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Repayment options |
NMB Branches / or by collection cheques |
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E-Fawateercom |
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Commercial Banks (Housing Bank & Jordan Kuwait Bank) |
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NMB Mobile App. |
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Guarantees |
as shown below and as a minimum for guarantees as it may be more based on the evaluation of the branch manager. Or regional manager or request for enhancement from the credit review unit. |
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300 – 500 JD |
501 – 1000 JD |
1001 – 1300 JD |
1301 – 3000 JD |
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• A personal guarantor to be from outside the family. • proof of income for the guarantor if he is from within the family |
• Two personal guarantors, regardless of the relationship • proof of income for the loan for one of the guarantors or the client for loans between 801-1000 dinars |
• Two personal guarantors, regardless of relationship • proof of income for one of the guarantors, whether the customer is new or repeated. |
• Two personal guarantors, regardless of relationship • proof of income for the guarantors |
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Required Documents |
300 – 500 JD |
501 – 1000 JD |
1001 – 1300 JD |
1301 – 3000 JD |
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• Initial papers for the client and guarantor. • Proof of income for the guarantor if he is a family member. • Client financial data and income statement. |
• Initial papers for the guarantors. • Proof of income for the guarantors (depending on the nature of the work & according to the guarantees policy). • Client financial data and income statement. |
• Initial papers for the guarantors. • Proof of income for one of the guarantors (depending on the nature of the work & according to the guarantees policy). • business official documents (registration certificate, working license, etc) • Client financial data (business budget & income statement, and working capital value be clarified). |
• Initial papers for the guarantors. • Proof of income for the guarantors (depending on the nature of the work & according to the guarantees policy). • business official documents (registration certificate, working license, etc) • bank account statement last 6 months if available. • Client financial data (business budget & income statement, and working capital value be clarified). |