Grow your business project and expand your operation with Vitas Business loan; carefully designed to meet the financing needs of SEs - small enterprises- that have been in operation for over 1 year.
Whether you are an individual who owns a small project, or a registered business enterprise, Vitas Business Loan provides you with access to finance to expand your business, with a repayment period of up to 48 months. Vitas business Loan provides you with valuable advantages and benefits:
- 0% fees on early loan closure
- Fast and easy loan disbursement -given your paperwork is complete-
- No mortgages or pledges are required
| Amount | Interest Rate (%) | EIR (%) | Terms |
| 1,500 JOD | 28.5% | 40.03% | 6 - 42 Months |
| 1,501 - 2,000 JOD | 28.5% | 39.99% | 6 - 48 Months |
| 2,001 - 3,000 JOD | 28.5% | 40.01% | 6 - 48 Months |
| 3,001 - 4,000 JOD | 27% | 37.57% | 6 - 48 Months |
| 4,001 - 4,999 JOD | 27% | 37.56% | 6 - 48 Months |
| 5,000 JOD 5,001 -6,000 JOD 6,001 -8,000 JOD 8,001 -10,000 JOD 10,001 -14,000 JOD 14,001 -25,000 JOD 25,001 -30,000 JOD 30,001 -40,000 JOD 40,001 -50,000 JOD 50,001 -60,000 JOD 60,001 -70,000 JOD 70,001 -75,000 JOD 75,001 -80,000 JOD 80,001 -105,000 JOD | 27% 22% 22% 22% 19% 19% 19% 19% 19% 18% 18% 18% 18% 18% | 37.07% 30.14% 30.03% 29.98% 25.69% 25.69% 20.75% 20.75% 20.75% 19.56% 19.56% 19.56% 19.56% 19.56% | 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 48 Months 6 - 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
