Loans

Venture Financing

Venture financing are loans granted to individuals, companies, or business owners (professional, industrial and handicrafts). This type of loan is given for the following purposes:
  • Working capital financing for a duration of up to 24 months.
  • Fixed asset financing for a duration of up to 60 months.
  • Financing amount up to JOD 50,000.
Applicant Loan Requirements:
  • Venture lifetime doesn’t exceed 3 years.
  • The venture must be registered and licensed by Greater Amman Municipality.
  • Venture bank account statement for the last six months.
  • Must be a Jordanian national.
  • Last payment shall not coincide with applicant’s 70th birthday.
Loan Terms & Conditions:
  • The loan interest rate shall be calculated as a six month average price listed on JODIBOR in addition to the profit margin rate between 6.25% - 8%.
  • A commission of 1% shall be paid on the total loan amount for the first year only.
  • Furnish guarantees as per the Bank’s requirements (qualified Jordanian guarantor and/or other guarantees).
  • Loan guarantee by Jordan Loan Guarantee Corporation.
  • Bank will issue a life insurance policy for the applicant and/or business partners.

Note: All terms & conditions are subject to the Bank’s (Cairo Amman Bank) loan granting policies.