Financial services
From a belief in excellent customer service and delivering new financial products that positively contribute towards improving the lives of clients the national microfinance company designed a Green Loan product that lends clients towards the purchase of energy saving home appliances
* Target Audience:
- Purchases of energy saving home appliances
Generally, the product is for all clients old and new no matter their income as long as they are interested in the solutions that this product offers. More specifically it is for clients that are served by commercial banks consequently the visit to the client has to be promoted as an additional service for the client.
oan Description | Traditional | |
|---|---|---|
Loan Size | 400-3000 JD | |
With the same length as National (A)+(B) and business (A)+(B) hence up to 3000JD the latter applies towards warranties as well | ||
Loan Length | Loan Size (JD) | Max. (months) |
400-599 | 18 | |
600-1000 | 24 | |
1001-1999 | 30 | |
2000-3000 | 36 | |
Application Fees | None (product is not subject to early payment policy) | |
Disbursement Fees | None | |
Deduction | None | |
Grace Period | None unless requested by client for first installment to be deducted from cheque amount according to Grace Period Fees No of days (since cheque issuance to grace period)/360*Loan Amount*Interest Rate | |
Pricing | Interest rate: 0.5 Monthly 6% annually | |
Payment Methods | In cash at designated braches or national microfinance company branches or through mobile app. or e-fawateercom or by cheque For collection fee (according to the credit recommendation) | |
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.