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

    1st 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

    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

     

    * 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

    1st 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

    Sanad Insurance: Compensation due to loss of client's income during

    Payment channels

    Tamweelcom Branches

    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

    0.75% for the loan amount between 10,001 -50,000 JOD

    Loan term

    3 - 36 months

    Grace period

    Not applicable

    Payment date

    1st 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

    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.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    * 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.