BITHAR LOAN

Financial inclusion is a set goal for The National Microfinance Company to be achieved by providing financial services to active and prospective clients. Participating in agricultural development as a way to combat hunger through a new bithar loan product specifically in rural areas and areas of poverty pockets. Offering Agricultural businesses financial services during these times will lead to sustainable development and an affirmation of the role of Microfinance in the economy.

  • Target Audience:

Farmers and Agricultural businesses that have land or cattle that are in need of supporting their businesses whether new or reoccurring as long as the regulations permit.

Target Audience

Farmers and Agricultural businesses with land or cattle or seasonal business for the purpose of buying agricultural produce whether crops or animals as well as nourishment projects.

Amount for Loan

500-3500 JD

Loan Description

Bithar (A)

Bithar (B)

Bithar (C)

Loan limits

500-1000 JD

1001-2000 JD

2001-3500 JD

Repayment Period

20 months

26 months

36 months

Payment Methods

Monthly/Quarterly/Lump Sum

Monthly

Monthly

Grace Period

1 Month

1-3 Months

1-3 Months

Pricing

19.8% Annually

1.65% Monthly

19% Annually

1.583 Monthly

18% Annually

1.5 Monthly

Postponements

Upon approval from Branch Manager based on timely payments and proof of incapability by applying for Postponement.

Debt Burden Ratio

55% calculated by dividing all payments with total income

Grace Period Fees

No of days (from loan transfer or cheque issuance until grace period)/360*loan amount*interest

Disbursement Fees

Loan Amount

Deduction from Cheque for every payment beginning from cheque issuance

500-2000 JD

1 JD for every monthly payment

2001-3500

2 JD for every monthly payment

Payment Methods

Mobile application

e-fawateercom

Banks (Housing Bank & Kuwaiti Bank)

Branches (cash or cheque)

Approval

According to lending rules and regulations and credit checks using available means

Warranties

Listed below:

500-1000 JD

1001-2000 JD

2001-3500 JD

  1. 2 Personal guarantees
  2. Proof of income For one of the guarantors or the customer for loans from 801-1000 dinars
  3. The client's financial data, the income statement.
  1. 2 Personal guarantees
  2. Proof of income One of the sponsors, whether the customer is new or returning.
  3. The client's financial data, the income statement.
  1. 2 Personal guarantees
  2. Proof of income for guarantors.
  3. Client's financial data (project budget and income statement).

Documentation

  1. Basic Paper work to the client and guarantors.
  2. Proof of income For one of the guarantors or the customer for loans from 801-1000 dinars
  1. Basic Paper work For the first and the second guarantors.
  2. Proof of income One of the guarantors For loans granted up to a ceiling of 1,300 dinars, and to attach proof of income for the guarantors (depending on the nature of the work and in accordance with the guarantee policy).
  1. Basic Paper work For the first and the second guarantors.
  2. Proof of income For guarantors (according to the nature of the work and according to the guarantee policy).
  3. Pictures of the Project

 

Loan Application

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One file only.
8 MB limit.
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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.
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Calculate your monthly installment

0 JD

500 JD

3500 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.