RETAIL LOANS

Retail loans are designed to provide clients with financing for the necessities of a sustainable lifestyle of the target audience

Individual loans

  • AMOUNT Loan Amount : 300 – 2,000 JOD
  • INTEREST_RATE Annual interest rate : 18.00 % - 22.80 %
  • TERM Loan Term : 6 - 24 Months
  • SEGMENT Loan Segment : Individuals

Group Loans

  • AMOUNT Loan Amount : 300-1,400 JOD for each member
  • INTEREST_RATE Annual interest rate : 18.00 % - 22.80 %
  • TERM Loan Term : 6 - 30 Months
  • SEGMENT Loan Segment : Individuals

Personal finance

  • AMOUNT Loan Amount : 500-3,000 JOD
  • INTEREST_RATE Annual interest rate : 15.00 %
  • TERM Loan Term : 6 - 36 Months
  • SEGMENT Loan Segment : Employees of companies or institutions who wish to obtain personal financing in exchange for a pledge to transfer the value of a monthly deduction from the employee's salary to the account of the Jordanian Microfinance Company "Tamweelcom"

* Includes all persons between 18-65 years, males and females,  as long as they are in full legal capacity and in line with the company’s policy and provisions.
* Loans are applicaple for Jordanians and people from Gaza according to the related policy 
* All kind of loans are subject to Stamps Fees Law and Sales Tax Law.
* Includes all persons as long as they are in full legal capacity and in line with the company’s policy and provisions.
* 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.
* Terms and conditions apply.

Clearance Certificate (addressed to the applicant)

JD 1

Clearnce Certificate (addressed to banks or any finance party)

JD 5

Certificate of commitments  (addressed to the applicant)

JD 1

Certificate of commitments  (addressed to banks or any finance party)

JD 5

Statement of Account (no sealed or signed)

No Commission

Statement of Account (sealed and signed)

JD 1

Letter of Mortgage release

JD 5

Letter of Mortgage

No Commission

Letter to a district Medical Committee

No Commission

Letters issued based on concerned courts’ decision and order

No Commission

Request to amend financing conditions or guarantees at the request of the client
No Commission
Stop cashing/withdrawing a check

No Commission

Withdrawing checks for collection in case of early payment

No Commission

Check settlement letter

No Commission

Issuing a deduction letter for other parties

No Commission

Early repayment in case of the remaining period on the maturity of the last installment (3 months or less)

No Commission

Early repayment in the case of the remaining period on the maturity of the last installment (more than 3 months)
2% on the payment 
amount
Early repayment in the case of a request to repay the debt through another financing entity,
regardless of the remaining period on the maturity of the last installment

5% on the payment
amount

Seasonal monthly installment postponement commission

No Commission

exceptional monthly installment postponement commission

2.5 JOD if the installment is less than 50 JOD

5 JOD if the installment is from 50-150 JOD

10 JOD if the installment is more than 150 JOD

Sanad insurance service commission (life and hospitalization)*

1.5 JOD for a non-family customer

2.5 JOD for a family customer

*Requesting a commission from the company in exchange for its fees in exchange for its specific duties as an insurance agent within the insurance paid by the client on the ground:

- The beneficiary is single (0.500 JOD) monthly insurance for each client.

- A non-individual beneficiary (0.250 JOD) from the monthly insurance for each