1. Purpose of Financing: This program aims to finance the acquisition of (New and Used) vehicles through a reduced loan based on providing a financing option to SMEs.

2. Target Sectors: ALL Economic Sectors.

3. Loan Amount: The maximum loan amount is (JOD 500,000) and the minimum amount is (JOD 10,000).

4. Loan Duration: brand-new vehicles (7 years) except for rental cars ( 6 years) and USED Vehicles ( 5 years) and minimum of one year.

• Tenor Period: up to 6 months maximum and calculated within the total period of above payment.

5. Interest Rate and Commission: 9% and 0.5% commission (first year only).

6. Funding Ratio:

• Private cars , pick-ups, cargo :
• 100% (brand-new vehicles).
• 90% (used vehicles)

• Rental cars and delivery cars : 80% for brand-new vehicles only.

• Mobile equipment :
• 90% brand-new and 80% used.

• Chinese vehicles :
• 50% for all vehicles except ( Geely) and ( MG) according to the above categories.

7. Terms of Financing:

• The name of the company or partner must not appear on the list of returned cheques.
• The name of the company or partner must not appear on the watch list (sanction)
• No past dues showing on inquiries and provide a proof of commitment.
• Minimum of one year business operation period
• Must obtain a bank statement for one year , with no returned cheques for insufficient balance (if applicable)
• Financial solvency for grantors
• Must not have any financial issues or any negative indications within the CRIF system.
• The monthly interest is paid during the grace period from the customer's sources.

This financing program runs from 31/5/2023 till 30/5/2024.