Loans

Productive loans

These are loans granted to individuals (or companies) owning formal small enterprises of commercial and industrial activities, services, simple production, crafts, etc., and bank deals for no less than one year. These loans are given for the following purposes:
  • Finance the working capital.
  • Finance the purchase of fixed assets and expansion.
  • Amount of finance ranges from JD 4,000 to JD 20,000.
  • Repayment term 48 months without loan securities and up to 60 months should the vehicle become mortgaged and 96 months in the event of a real-estate mortgage.
  • Facilities programs for financing doctors, pharmacists,lawyers,engineers,auditors and medical labs, with ceilings of up to JD 20,000 and repayment periods of up to 96 months.

Conditions that clients must meet:
  • must be a Jordanian citizen.
  • The customer must be no younger than 21 years old.
  • Must be living in Jordan.
  • The company must be Jordanian and exercise its work in Jordan.
  • The company must be no younger than one year.
  • The company must be able to pay the monthly loan installments.
  • Required a bank account statement that reflects the cash flow resulting from the project ( company ) activity.
  • The client must enjoy a good credit reputation.
  • The project must be registered and licensed.

Loan conditions:
  • The Bank shall receive interest rate calculated on the basis of the average price of Jodibor for 6 months plus profit margin rate between ( 6.25% – 8%).
  • The bank shall receive a Commission at the rate of 1% per annum for the first year only.
  • Repayment term 48 months without loan securities and up to 60 months should the vehicle become mortgaged and 96 months in the event of a real-estate mortgage.
  • Guarantees (personal or and mortgage..).
  • Guarantee of Jordan loan guarantee Corporation.
  • Borrower's life insurance and or essential company partners.

Note: All of the above terms and conditions are subject to CAB’s loan-granting policies.