MSEs loans

This loan is targeting individuals who need to finance their agriculture needs as :

• Processing and manufacturing activities such as distillation of oils from medicinal and aromatic plants, production of soap and tea.
• Home-based projects such as drying vegetables and fruits, pickles, making jams and vinegar.
• Manufacture of cheese,butter and dairy products.
• Poultry and livestock projects and their supplies.
• Maintenance of pumps and simple agricultural equipment.
• Mushroom cultivation projects.
• Forming roses, flowers and ornamental plants.
• Home cultivation for productive purposes.
• All services related to the veterinary shops.
• Shops of basic agricultural equipments.
• Simple agricultural activities related as storage facilities, greenhouses, irrigation systems and fertilization.
• Owners of small shops for fruit and ornamental trees, vegetables, flowers and roses.

Individuals / customers with disabilities can benefit from all services and products provided by the company in line with internal policies.

1. Loan amount (JOD): From 400-3000
2. Loan term (Months): 6-24
3. Annual Interest rate: 21%
4. Commission for granting credit (one-time upon granting):
   • Subject to 1% of the credit limit if the credit limit is less than 1,000 JODs.
   • Subject to 1% + 10 JODs of the credit limit if the credit limit is between 1,000 – 10,000 JODs.
   • Subject to 1% + 20 JODs of the credit limit if the credit limit is more than 10,000 JODs. 
5. Repayment Date: 1st of each month.
6. Grace Period: In case of grace period utilization an additional cost/interest will be applied.

Other governmental fees:

1. General Sales Tax: 3%
2. Stamp income fees: start from 1-15 JOD and calculated according to the loan amount.

Payment Methods:

1. In all our branches' outreach.
2. eFAWAteerCOM service through approved agents, click here for more information about agents' details.

Illustrative example:

Financing with a value of 800 JODs for a repayment period of 12 months at a rate of 36.304% declining annual interest, which is equivalent to 21% fixed annual interest, and the declining interest rate depends on the financing period and it is a guidance rate.

• The total value of the interest incurred on the financing: 168 JODs
• The value of the import stamps on the contract: 2 JODs
• Amount of commission for granting credit (one-time upon granting): 8 JODs
• The value of the general sales tax: 5.28 JODs
• The value of the monthly installment for the first payment: 88 JODs (the original payment: 63 JODs and the value of the interest: 25 JODs).
• The value of the monthly installment for the remaining payments: 80 JODs, including the principal and interest.

Calculating the effective interest rate (EIR) for the financing by calculating according to the following formula (EIR) = 1-12^(IRR+1)

• In the Value field: we enter all cash flows (negative and positive)
• In the Guess field: (representing the expected return): we enter "zero".
• The result is IRR=3.71%
• Effective interest rate = 49.61%

In addition to this loan AMC provides the following added-value services:

• Free of charge workshop to support our clients by raising their awareness about o financial literacy and provide them with the latest and efficient tools and techniques to market their own products and services.
• Participation in local and national entrepreneurs competitions which allow the client to be exposed to new best practices and prizes which add value to their projects and businesses.

Notes:

No active offers is offered currently.

Below are the required documents for Al-hakourah loan:

1. Copy of the personal ID.
2. Copy of the valid family book.
3. Update Proof of residence.
4. Any income proof.
5. Any other documents might be requested.

Intaji Facilitated (Individual) loan aims to finance owners of micro and household businesses or professionals, vocational and freelancers working for their own projects to help them continue the work of their projects and cover their capital expenditures, especially those who have economic challenges associated with the repercussions of the Corona pandemic.

Individuals/customers with disabilities can benefit from all services and products provided by Al-Ahly Company, in line with internal policies.

1. Loan amount (JOD): From 250-5000
2. Loan term (Months): 8-36
3. Annaul Interest rate (Declining): 5%
4. Grace period: Up to 6 months, and in case of grace period utilization an additional cost/interest will be applied.
5. Payment date: 1st of each month

Other governmental fees:

1. General Sales Tax : 3%
2. Stamp income fees: starts from 1-15 JOD and it is calculated according to the loan amount.

Payment Methods:

1. In all our branches' outreach.
2. eFAWAteerCOM service through approved agents, click here for more information about agents' details.

Illustrative example:

Financing of 3200 JODs for a repayment period of 12 months at 5% declining/annual interest rate:

• The total value of the interest incurred on the financing: 70 JODs
• The value of the import stamps on the contract: 12 JODs
• The value of the general sales tax: 2.61 JODs
• The value of the monthly installment for the first payment: 273 JODs (the original payment: 260 JODs and the value of the interest: 13 JODs).
• The value of the monthly installment for the remaining payments: 274 JODs, including the principal and interest.

Calculating the effective interest rate (EIR) for the financing by calculating according to the following formula (EIR) = 1-12^(IRR+1)

• In the Value field: we enter all cash flows (negative and positive)
• In the Guess field: (representing the expected return): we enter "zero".
• The result is IRR=0.00496
• Effective interest rate = 6.12%

In addition to this loan AMC provides the following added-value services:

1. The loan will be guaranteed by Jordan Loan Guarantee Corporation.
2. The loan will be provided with free credit life insurance.
3. Free of charge access to annual bazaars which allow AMC clients to market their products and services.
4. Free of charge attendance to financial literacy and marketing workshops and awareness sessions.
5. Participation in national and international entrepreneurship competitions, which allows our clients to be exposed to new best practices and prizes which add value to their projects and businesses.

Notes:

No active offers is offered currently.

Below are the required documents:

1. Copy of the personal ID.
2. Copy of valid family book.
3. Update Proof of residence.
4. Valid commercial registery.
5. A copy of the profession license.
6. Proof of income.
7. New stamped bank statement for 6 months.
8. Purchasing bills.
9. Financial statements.
10. Any other documents might be requested.

Intaji Facilitated loan (Companies) aims to finance productive projects exclusively by covering capital expenditures to include buildings and property, equipment that goes into manufacturing, software, computer equipment, vehicles used in product deleviery, intangible assets of the project and strengthening capital competencies for operational use, equipment to help the company continue its business in light of the repercussions of the Corona crisis.

Individuals/customers with disabilities can benefit from all services and products provided by Al-Ahly Company, in line with internal policies.

1. Loan amount (JOD): From 3000-25000
2. Loan term (Months): 8-36
3. Annaul Interest rate (Declining): 5%
4. Grace period: Up to 6 months, and in case of grace period utilization an additional cost/interest will be applied.
5. Payment date: 1st of each month

Other governmental fees:

1. General Sales Tax : 3%
2. Stamp income fees: starts from 9-75 JOD and it is calculated according to the loan amount.

Payment Methods:

1. In all our branches' outreach.
2. eFAWAteerCOM service through approved agents, click here for more information about agents' details.

Illustrative example:

Financing of 3200 JODs for a repayment period of 12 months at 5% declining/annual interest rate:

• The total value of the interest incurred on the financing: 70 JODs
• The value of the import stamps on the contract: 12 JODs
• The value of the general sales tax: 2.61 JODs
• The value of the monthly installment for the first payment: 273 JODs (the original payment: 260 JODs and the value of the interest: 13 JODs).
• The value of the monthly installment for the remaining payments: 274 JODs, including the principal and interest.

Calculating the effective interest rate (EIR) for the financing by calculating according to the following formula (EIR) = 1-12^(IRR+1)

• In the Value field: we enter all cash flows (negative and positive)
• In the Guess field: (representing the expected return): we enter "zero".
• The result is IRR=0.00496
• Effective interest rate = 6.12%

In addition to this loan AMC provides the following added-value services:

1. The loan will be guaranteed by Jordan Loan Guarantee Corporation.
2. The loan will be provided with free credit life insurance.
3. Free of charge access to annual bazaars which allow AMC clients to market their products and services.
4. Free of charge attendance to financial literacy and marketing workshops and awareness sessions.
5. Participation in national and international entrepreneurship competitions, which allows our clients to be exposed to new best practices and prizes which add value to their projects and businesses.

Notes:

No active offers is offered currently.

Below are the required documents:

1. Copy of the personal ID.
2. Copy of valid family book.
3. Update Proof of residence.
4. Valid commercial registery.
5. A copy of the profession license.
6. Proof of income.
7. New stamped bank statement for 6 months.
8. Purchasing bills.
9. Financial statements.
10. Any other documents might be requested.

Intaji Facilitated loan (Companies) aims to finance productive projects exclusively with by covering the operating expenses of these projects, and/or working capital to include salaries, rental and raw materials to help the company continue its business in light of the repercussions of the Corona crisis.

Individuals/customers with disabilities can benefit from all services and products provided by Al-Ahly Company, in line with internal policies.

1. Loan amount (JOD): From 3000-25000
2. Loan term (Months): 8-36
3. Annaul Interest rate (Declining): 5%
4. Grace period: Up to 3 months, and in case of grace period utilization an additional cost/interest will be applied.
5. Payment date: 1st of each month

Other governmental fees:

1. General Sales Tax : 3%
2. Stamp income fees: starts from 9-75 JOD and it is calculated according to the loan amount.

Payment Methods:

1. In all our branches' outreach.
2. eFAWAteerCOM service through approved agents, click here for more information about agents' details.

Illustrative example:

Financing of 3200 JODs for a repayment period of 12 months at 5% declining/annual interest rate:

• The total value of the interest incurred on the financing: 70 JODs
• The value of the import stamps on the contract: 12 JODs
• The value of the general sales tax: 2.61 JODs
• The value of the monthly installment for the first payment: 273 JODs (the original payment: 260 JODs and the value of the interest: 13 JODs).
• The value of the monthly installment for the remaining payments: 274 JODs, including the principal and interest.

Calculating the effective interest rate (EIR) for the financing by calculating according to the following formula (EIR) = 1-12^(IRR+1)

• In the Value field: we enter all cash flows (negative and positive)
• In the Guess field: (representing the expected return): we enter "zero".
• The result is IRR=0.00496
• Effective interest rate = 6.12%

In addition to this loan AMC provides the following added-value services:

1. The loan will be guaranteed by Jordan Loan Guarantee Corporation.
2. The loan will be provided with free credit life insurance.
3. Free of charge access to annual bazaars which allow AMC clients to market their products and services.
4. Free of charge attendance to financial literacy and marketing workshops and awareness sessions.
5. Participation in national and international entrepreneurship competitions, which allows our clients to be exposed to new best practices and prizes which add value to their projects and businesses.

Notes:

No active offers is offered currently.

Below are the required documents:

1. Copy of the personal ID.
2. Copy of valid family book.
3. Update Proof of residence.
4. Valid commercial registery.
5. A copy of the profession license.
6. Proof of income.
7. New stamped bank statement for 6 months.
8. Purchasing bills.
9. Financial statements.
10. Any other documents might be requested.

Intaji Facilitated (Individual) loan aims to finance owners of micro and household businesses or professionals, vocational and freelancers working for their own projects to help them continue the work of their projects and cover their working capital, especially those who have economic challenges associated with the repercussions of the Corona pandemic.

Individuals/customers with disabilities can benefit from all services and products provided by Al-Ahly Company, in line with internal policies.

1. Loan amount (JOD): From 250-5000
2. Loan term (Months): 8-36
3. Annaul Interest rate (Declining): 5%
4. Grace period: Up to 2 months, and in case of grace period utilization an additional cost/interest will be applied.
5. Payment date: 1st of each month.

Other governmental fees:

1. General Sales Tax : 3%
2. Stamp income fees: starts from 1-15 JOD and it is calculated according to the loan amount.

Payment Methods:

1. In all our branches' outreach.
2. eFAWAteerCOM service through approved agents, click here for more information about agents' details.

Illustrative example:

Financing of 3200 JODs for a repayment period of 12 months at 5% declining/annual interest rate:

• The total value of the interest incurred on the financing: 70 JODs
• The value of the import stamps on the contract: 12 JODs
• The value of the general sales tax: 2.61 JODs
• The value of the monthly installment for the first payment: 273 JODs (the original payment: 260 JODs and the value of the interest: 13 JODs).
• The value of the monthly installment for the remaining payments: 274 JODs, including the principal and interest.

Calculating the effective interest rate (EIR) for the financing by calculating according to the following formula (EIR) = 1-12^(IRR+1)

• In the Value field: we enter all cash flows (negative and positive)
• In the Guess field: (representing the expected return): we enter "zero".
• The result is IRR=0.00496
• Effective interest rate = 6.12%

In addition to this loan AMC provides the following added-value services:

1. The loan will be guaranteed by Jordan Loan Guarantee Corporation.
2. The loan will be provided with free credit life insurance.
3. Free of charge access to annual bazaars which allow AMC clients to market their products and services.
4. Free of charge attendance to financial literacy and marketing workshops and awareness sessions.
5. Participation in national and international entrepreneurship competitions, which allows our clients to be exposed to new best practices and prizes which add value to their projects and businesses.

Notes:

No active offers is offered currently.

Below are the required documents:

1. Copy of the personal ID.
2. Copy of valid family book.
3. Update Proof of residence.
4. Valid commercial registery.
5. A copy of the profession license.
6. Proof of income.
7. New stamped bank statement for 6 months.
8. Purchasing bills.
9. Financial statements.
10. Any other documents might be requested.

This loan is targeting individuals who need to finance their agriculture needs as :

• Processing and manufacturing activities such as distillation of oils from medicinal and aromatic plants, production of soap and tea.
• Home-based projects such as drying vegetables and fruits, pickles, making jams and vinegar.
• Manufacture of cheese,butter and dairy products.
• Poultry and livestock projects and their supplies.
• Maintenance of pumps and simple agricultural equipment.
• Mushroom cultivation projects.
• Forming roses, flowers and ornamental plants.
• Home cultivation for productive purposes.
• All services related to the veterinary shops.
• Shops of basic agricultural equipments.
• Simple agricultural activities related as storage facilities, greenhouses, irrigation systems and fertilization.
• Owners of small shops for fruit and ornamental trees, vegetables, flowers and roses.

Individuals / customers with disabilities can benefit from all services and products provided by the company in line with internal policies.

Terms and condition applies.

1. Loan amount (JOD): From 400-3000
2. Loan term (Months): 6-24
3. Annual Interest rate: 21%
4. Commission for granting credit (one-time upon granting):
   • Subject to 1% of the credit limit if the credit limit is less than 1,000 JODs.
   • Subject to 1% + 10 JODs of the credit limit if the credit limit is between 1,000 – 10,000 JODs.
   • Subject to 1% + 20 JODs of the credit limit if the credit limit is more than 10,000 JODs. 
5. Repayment Date: 1st of each month
6. Grace Period: In case of grace period utilization an additional cost/interest will be applied.

Other governmental fees:

1. General Sales Tax: 3%
2. Stamp income fees: start from 1-15 JOD and calculated according to the loan amount.

Payment Methods:

1. In all our branches' outreach.
2. eFAWAteerCOM service through approved agents, click here for more information about agents' details.

Illustrative example:

Financing with a value of 800 JODs for a repayment period of 12 months at a rate of 36.304% declining annual interest, which is equivalent to 21% fixed annual interest, and the declining interest rate depends on the financing period and it is a guidance rate.

• The total value of the interest incurred on the financing: 168 JODs
• The value of the import stamps on the contract: 2 JODs
• Amount of commission for granting credit (one-time upon granting): 8 JODs
• The value of the general sales tax: 5.28 JODs
• The value of the monthly installment for the first payment: 88 JODs (the original payment: 63 JODs and the value of the interest: 25 JODs).
• The value of the monthly installment for the remaining payments: 80 JODs, including the principal and interest.

Calculating the effective interest rate (EIR) for the financing by calculating according to the following formula (EIR) = 1-12^(IRR+1)

• In the Value field: we enter all cash flows (negative and positive)
• In the Guess field: (representing the expected return): we enter "zero".
• The result is IRR=3.71%
• Effective interest rate = 49.61%

In addition to this loan AMC provides the following added-value services:

• Free of charge workshop to support our clients by raising their awareness about o financial literacy and provide them with the latest and efficient tools and techniques to market their own products and services.
• Participation in local and national entrepreneurs competitions which allow the client to be exposed to new best practices and prizes which add value to their projects and businesses.

Notes:

No active offers is offered currently..

Below are the required documents for Al-hakourah loan:

1. Copy of the personal ID.
2. Copy of the valid family book.
3. Update Proof of residence.
4. Any income proof.
5. Any other documents might be requested.