Venture Financing
Venture financing are loans granted to individuals, companies, or business owners (professional, industrial and handicrafts). This type of loan is given for the following purposes:
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Working capital financing for a duration of up to 24 months.
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Fixed asset financing for a duration of up to 60 months.
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Financing amount up to JOD 50,000.
Applicant Loan Requirements:
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Venture lifetime doesn’t exceed 5 years.
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The venture must be registered and licensed by Greater Amman Municipality.
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Venture bank account statement for the last six months.
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Must be a Jordanian national.
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Last payment shall not coincide with applicant’s 70th birthday.
Loan Terms & Conditions:
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The loan interest rate shall be calculated as the average monthly price listed on INTERBANK + interest margin from 9.9% to 11.65%.
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A commission of 1% shall be paid on the total loan amount for the first year only.
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Furnish guarantees as per the Bank’s requirements (qualified Jordanian guarantor and/or other guarantees).
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Loan guarantee by Jordan Loan Guarantee Corporation.
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Bank will issue a life insurance policy for the applicant and/or business partners.
Note: All terms & conditions are subject to the Bank’s (Cairo Amman Bank) loan granting policies.