Retail Loans

Retail Financing Segment

The Retail Financing Segment is served through a variety of products designed to improve the living standard of the average unbanked citizen. Through this segment, we provide personal, educational and group financing products to cover the necessities of a sustainable life for all individuals.

TYPES OF RETAIL LOANS:

Retail Loans
Financing different puposes to improve quality of life and meeting various indiviual needs .
Feature
  • Pricing/Monthly 1.9% for the first time
    1.75% in case of renew for the second time
    1.5% in case of renew for the 3rd time or more
    Loan Amount 300-2,000 JOD
    Loan Term 6 - 24 months
    Grace Period Not applicable
    Repayment Date 1st of each month
    Fees 1 JOD for each 1,000 JOD and its fraction
    Loan Purposes Social needs (Marriage, Education, Car Maintenance, Home Improvement & Health)
    Supporting loans  Individual connection
    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
    E-fawateercom service
    Required Documents Personal ID Card
    Family members ID card
    Other documents might be requested according to the purpose of loan
Group Loans
Financing a group of women, from 2 to 7 members, to establish or/and develop a home based business.
Feature
  • Pricing/Monthly 1.9% for the first time
    1.75% in case of renew for the second time
    1.5% in case of renew for the 3rd time or more
    Loan Amount From 200-1,000 JOD for each member  
    Loan Term 12-18 months 
    Grace Period Not applicable
    Repayment Date 1st of each month
    Supporting Loans Group Connection
    Fees 1 JOD for each 1,000 JOD and its fraction
    Penalties 0.5 JOD per each working 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 service
    Required Documents Personal ID Card
    Family members ID card
    Other documents might be requested according to the purpose of loan