With Vitas Working Capital Loan If you own micro or a small-sized enterprise and need to fund your everyday business operations, then it is time to consider applying for the Working Capital Loan, one of Vitas’s business loans.
Working Capital Loan finances the short-term ongoing operational costs such as stock, accounts receivable sales and marketing, product development, wages, and other activities Vitas Working Capital Loan provides you with valuable advantages and benefits
- 0% fees on early loan closure
- Fast and easy disbursement - given your paperwork is complete -
- No mortgages or pledges are required
| Amount | Interest Rate (%) | EIR (%) | Terms |
| 5,000 JOD | 27% | 30.61% | 3 - 48 Months |
| 5,001 - 6,000 JOD | 22% | 24.36% | 3 - 48 Months |
| 6,001 - 8,000 JOD | 22% | 24.36% | 3 - 48 Months |
| 8,001 - 10,000 JOD | 22% | 24.36% | 3 - 48 Months |
| 10,001 - 14,000 JOD | 19% | 20.75% | 3 - 48 Months |
| 14,001 - 50,000 JOD | 19% | 20.75% | 3 - 48 Months |
| 50,001 - 60,000 JOD | 18% | 19.56% | 3 - 48 Months |
| 60,001 - 70,000 JOD | 18% | 19.56% | 3 - 48 Months |
| 70,001 - 75,000 JOD 75,001 - 80,000 JOD * 80,001 - 105,000 JOD | 18% 18% 18% | 19.56% 19.56% 19.56% | 3 - 48 Months 3 - 48 Months 3 - 48 Months |
Loan Application Fees | |
Amount | Fees |
| 1500 | 5 |
| 1501 - 2000 | 5 |
| 2001 - 3000 | 8 |
| 3001 - 4000 | 8 |
| 4001 - 5000 | 10 |
| 5001 - 6000 | 20 |
| 6001 - 8000 | 20 |
| 8001 - 10000 | 25 |
| 10001 - 14000 | 25 |
| 14001 - 50000 | 30 |
| 50001 - 75000 | 35 |
| 75001 - 80000 | 40 |
| 80001 - 105000 | 50 |
* The commission is calculated 1% per annum (on the loan value depending on the repayment period) for loan amounts from 1500 to 105,000 dinars, except for Factoring Accounts Receivable Loans and Commercial invoicing Financing Loans
* In the event that the credit approval stipulates a salary
transfer condition under an Authorization Letter, so that the value of the
monthly installment is deducted directly from the salary transferred to the
bank (and according to the terms of the agreements signed between the company
and the concerned banks), the bank commission for the cost of salary deduction
transfer, issuance and management of the Authorization Letter is calculated and
deducted out of the net loan value, and all subject to terms and conditions.
* Important note: The company abides by the instructions for
licensing and presence of microfinance companies No. (2016/62), issued in accordance
with the provisions of Article (26) of the Microfinance Companies Law No. (5)
Of 2015, and what was stipulated in Article (3)-c related to the maximum value
and the fragmentation criterion, which determines the maximum permissible loan
amount.
Note : interest rates and monthly repayment amount are approximate and subject to change at any time.
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, 2023
