Business Loans

Business Financing Segment

As an award-winning institute, Tamweelcom provides a carefully tailored products for 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.

The two main financing segments are as follows:

Micro Enterprise Financing Segment:

This segment's products are designed to promote the growth and self-sufficiency of unlicensed, semi-licensed, and licensed micro enterprises, which constitute the majority of enterprises in the Jordanian economy.

Small Enterprise Financing Segment:

This segment's products are designed to cover financing of the working capital and the fixed assets for licensed enterprises.

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 for each 1,000 and its fraction
Penalties	0.5 JOD per each day delay
Targeted Segment	Unlicensed and licensed or Home Businesses
Targeted Sectors	Commercial, Industrial, Services providers and cars that 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 Gazza according to the 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 members ID card
	Other documents might be requested according to the project status

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

Licensed Micro Businesses

Financing for all projects needs such as expansion of activity or services such as purchase of goods and raw materials, financing of equipment and machinery, and the expansion of project work with new services.

Feature

Loan Amount	3,001 – 7,000 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% for the loan amount between 5,001 -7,000 JOD
Loan term	6 - 36 months
Grace period	Not applicable
Payment date	1^st of each month
Fees	1 JOD for each 1,000 and its fraction
Penalties	0.5 JOD per each day delay
Targeted Segment	Licensed Micro Businesses
Targeted Sectors	Commercial, Industrial, Services providers and cars that 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 Gazza according to the 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
Payment channels	Tamweelcom Branches
Payment channels	eFAWATEERcom Vendors
Required Documents	Valid business certificate
	Valid careers license
	Personal ID Card and Family members ID card
	Other documents might be requested according to the project status.

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

Small Business Financing

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

Feature

Amount	7,001 – 50,000 JOD
Pricing/Monthly	0.85% for the loan amount between 7,001 -10,000 JOD
Pricing/Monthly	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% of the loan amount
Penalties	5 JOD per each day delay
Targeted Segment	Licensed and Small businesses
Targeted Sectors	Commercial, Industrial, Services providers, Production and cars that 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 Gazza according to the 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 business certificate for the last 3 months
	Careers license
	Personal ID Card and Family members ID card
	Bank statement signed and sealed for the past year of the borrower and guarantor
	Other documents might be requested according to the project status.

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

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Business Loans