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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
  • Pricing/Monthly 1.5% for the loan amount between 1,000 -3,000 JOD
    Loan term 6 - 24 months
    Grace period Not applicable
    Repayment date 1st of each month
    Fees 1 JOD for each 1,000 and its fraction
    Penalties 0.5 JOD per each day delay
    Added value services Aman Insuranc: Life, and total and partial disability free insurance
    Sanad Insurance: Compensation due to loss of client's income during hospitalization
    Payment channels Tamweelcom Branches
    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
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
  • 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
    Repayment date 1st of each month
    Fees 1 JOD for each 1,000 and its fraction
    Penalties 0.5 JOD per each day delay
    Added value services Aman Insuranc: Life, and total and partial disability free insurance
    Sanad Insurance: Compensation due to loss of client's income during
    Payment channels Tamweelcom Branches
    eFAWATEERcom agents
    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.
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
  • Pricing/Monthly 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
    Repayment date 1st of each month
    Fees 1% of the loan amount
    Penalties 5 JOD per each day delay
    Added value services Aman Insuranc: Life, and total and partial disability free insurance
    Sanad Insurance: Compensation due to loss of client's income during hospitalization
    Payment channels Tamweelcom Branches
    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.

     

*Terms and conditions apply