Business Loans

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.

 

All financing products are tailored to make business-related expenses easier for our clients. Tamweelcom offers competitive administrative rates along with flexible payment plans to ensure that clients are not burdened with the financing they receive. 

TYPES OF BUSINESS LOANS:

Fixed Assets Loan (Licensed Businesses)
Financing fixed assets needs for licensed businesses over 1 year old.
Feature
  • Pricing/Monthly 0.85% amounts between 3000 - 10,000 JOD
    0.75% amounts between 10,001 - 50,000 JOD
    Loan Amount 3000 - 50,000 JOD
    Loan term 6 - 36 months
    Grace period Not applicable
    Repayment date 1st of each month
    Fees 1% of the total loan amount
    Penalties 5 JOD per each day delay
    Added value services eFawateercom
    Insurance program
    Payment channels Tamweelcom Branches
    eFawateercom service

    Required Documents

    • Personal ID Card
    • Family members ID card
    • Valid vocational certificate
    • Bank statement for the last 3 months for guarantors
    • Bank Cheques for the client and the guarantor
    • Other documents might be requested according to the project status.

     

Progress Loan (Newly Registered Businesses)
Financing working capital and fixed assests for licensed businesses less than 1 years old.
Feature
  • Pricing/Monthly 1%
    Loan Amount 500 - 2999 JOD
    Loan Term 6 - 24 months
    Grace Period Not applicable
    Repayment Date 1st of each month
    Fees 1% of the loan amount 
    Penalties 2.5 JOD per each day delay
    Added Value Services eFawateercom
    Insurance program
    Payment channels Tamweelcom Branches
    eFawateercom service
    Required Documents
    • Personal ID Card
    • Family members ID card
    • Business registration
    • Valid vocational certificate
    • Other documents might be requested according to the project status.
Vocational Loan
Financing vocational existing projects or projects under establishment.
Feature
  • Pricing/Monthly 1.50%
    Loan Amount 1000 - 3000 JOD
    Loan Term 6 - 24 months
    Grace Period Optional from one month up to three months according to the client needs and credit committee recommendations
    Repayment Date 1st of each month
    Fees 1 JOD of each 1000 JOD or less than 1000 JOD
    Penalties 5 JOD per each day delay
    Added Value Services eFawateercom
    Insurance program
    Payment channels Tamweelcom Branches
    eFawateercom service
    Required Documents
    • Personal ID Card
    • Family members ID card
    • Valid profession certificate from a Vocational training center
    • Other documents might be requested according to the project status.
Growth Loan ( Established and unlicensed Businesses)
Financing existing unlicensed projects and home-based businesses.
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 400 -1500 JOD
    Loan Term 12 - 20 months
    Grace Period Not applicable
    Repayment Date 1st of each month
    Fees 1 JOD of each 1000 JOD or less than 1000 JOD
    Penalties 0.5 JOD per each day delay
    Added value services eFawateercom
    Insurance program
    Payment channels Tamweelcom Branches
    eFawateercom service
    Required Documents
    • Personal ID Card
    • Family members ID card
    • Valid profession certificate from a Vocational training center
    • Other documents might be requested according to the project status.
Hope Loan (Startup and Home- based Businesses)
Financing start-ups or projects under establishment and home-based businesses
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 -800 JOD
    Loan Term 12 - 15 months
    Grace Period An optional one month according to the client needs and credit committee recommendations
    Repayment Date 1st of each month
    Fees 1 JOD of each 1000 JOD or less than 1000 JOD
    Penalties 0.5 JOD per each day delay
    Added Value Services eFawateercom
    Insurance program
    Payment Channels Tamweelcom Branches
    eFawateercom service
    Required Documents
    • Personal ID Card
    • Family members ID card
    • Other documents might be requested according to the project status.
Amal Shabab Loan (Unlicensed Startups)
Financing projects under establishment for youth between the ages of 18-35.
Feature
  • Pricing/Monthly 1.5%
    Loan Amount 300 - 1000 JOD
    Loan Term 12 - 15 months
    Grace Period An optional one month according to the client needs and credit committee recommendations
    Repayment Date 1st of each month
    Fees 1 JOD of each 1000 JOD or less than 1000 JOD
    Penalties 0.5 JOD per each day delay
    Added Value Services eFawateercom
    Insurance program
    Payment channels Tamweelcom Branches
    eFawateercom service
    Required Documents
    • Personal ID Card
    • Family members ID card
    • Other documents might be requested according to the project status.