Business Loans

Business Financing Segment

As an award-winning institute, Tamweelcom provides carefully tailored products through its Business Financing Segment that provides responsible, fast-track financing solutions for entrepreneurs of micro or small businesses, to ensure their sustainability and support their growth.

TYPES OF BUSINESS LOANS:

Unlicensed or Home Businesses

Financing start-up projects and home-based businesses for several purposes such as the costs of registration and licensing, and the purchase of tools, equipment and goods.

Feature

Amount	1,000 – 3,000 JOD
Interest Rate	1.5%
Loan term	6 - 24 months
Grace period	Not applicable
Payment date	1^st of each month
Fees	1 JOD per 1,000 and its fraction
Penalties	0.5 JOD per day of delay
Targeted Segment	Unlicensed or Home Businesses
Targeted Sectors	Commercial, Industrial, Services providers and vehicls used for business purposes
Loan Purposes	Working capital or fixed assets
Age of Project	More than Zero month
Age	18-65 Years old
Gender	Both Male and Female
Nationality	Jordanian and people from Gaza according to the related policy
Added value services	Aman Insuranc: Life, and total and partial disability free insurance
Added value services	Sanad Insurance: Compensation due to loss of client's income during hospitalization
Payment channels	Tamweelcom Branches
Payment channels	eFAWATEERcom Vendors
Required Documents	Proof of housing
	Personal ID Card and Family Book
	Additional documents might be requested as the need arises

* The company is obliged to grant funding only for legal purposes, and the fund is not granted for any kind of illegal purposes or purposes that entail environmental and social impact.

Licensed Business Financing

Financing the needs of registered companies which has been operational for over one year for the purpose of financing goods and covering operating expenses (maintenance costs, employee wages, rental of sites), opening of new branches, implementation and renovation of decorations, purchase of...

Feature

Amount	1,000 – 50,000 JOD
Pricing/Monthly	1.5% for the loan amount between 1,000 -3,000 JOD
	1.25% for the loan amount between 3,001 -5,000 JOD
	1.00% for the loan amount between 5,001 -7,000 JOD
	0.85% for the loan amount between 7,001 -10,000 JOD
	0.75% for the loan amount between 10,001 -50,000 JOD
Loan term	3 - 36 months
Grace period	Not applicable
Payment date	1^st of each month
Fees	1 JOD per 1,000 and its fraction for the loan amount between 1,000-7,000
Fees	1% of the loan amount for the loan amount between 7,001 – 50,000
Penalties	0.5 JOD per day of delay for the loan amount between 1,000-7,000
Penalties	5 JOD per day of delay for the loan amount between 7,001 – 50,000
Targeted Segment	Licensed Micro and Small businesses
Targeted Sectors	Commercial, Industrial, Services providers and vehicls used for business purposes
Loan Purposes	Working capital or fixed assets
Age of Project	More than 12 Months
Age	18-65 Years old
Gender	Both Male and Female
Nationality	Jordanian and people from Gaza according to the related policy
Added value services	Aman Insuranc: Life, and total and partial disability free insurance
Added value services	Sanad Insurance: Compensation due to loss of client's income during hospitalization
Payment channels	Tamweelcom Branches
Payment channels	eFAWATEERcom Vendors
Required Documents	Valid Certificate of Registration
	Valid Vacational License
	Personal ID Card and Family members ID card
	Additional documents might be requested as the need arises

* The company is obliged to grant funding only for legal purposes, and the fund is not granted for any kind of illegal purposes or purposes that entail environmental and social impact.

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Business Loans