Istithmari Loan

Designed for Medium size Business owners for financing capital or making purchases with preference for businesses that have strong and steady cash flows that are managed professionally and chosen after thorough studies.

Target Audience: Registered Independent Business owners

Loan Description

Traditional

Loan Size

5001 - 50000JD

Repayment Period

Max. 48 months (for New and Returning Clients)

Grace Period

None unless requested for the first month's payment by client to be deducted from the cheque according to the following calculation: No of days(from cheque issuance to grace period)/360*Loan Amount*Interest

Pricing

11% annually

0.916% monthly

Payment Methods

Cash at Designated Banks or NMC branches or through e-fawateercom or by cheque or by bank transfer from income According to the credit recommendation

Warranties

  • 2 Guarantors (with proof of income or business ownership)
  • Mortgage of a vehicle or machine and official disclaimer as well as tender for the public or private sectors

Documentation

  • Basic Paper work
  • License
  • Registration
  • Bank statements for the last 6 months
  • Credit History
  • Guarantors information (identities, commercial records, financial information)

Information from Credit Study

  • Client description
  • Lending hierarchy
  • Latest improvements to the business
  • Reason for loan
  • Financial Analysis
  • Risk assessment (liquidity, activity and growth, profitability, indebtedness, cash flow)
  • Recommendation

Loan Application

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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.
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

5001 JD

50000 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.