Business Loan

Loan amount up to 100,000 JOD and a repayment period up to 48 months. 

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


AmountInterest Rate (%)EIR (%)Terms
1,500 JOD28.5%40.03%6 - 42 Months
1,501 - 2,000 JOD28.5%39.99%6 - 48 Months
2,001 - 3,000 JOD28.5%40.01%6 - 48 Months
3,001 - 4,000 JOD27%37.57%6 - 48 Months
4,001 - 4,999 JOD27%
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

    15005
    1501 - 20005
    2001 - 30008
    3001 - 40008
    4001 - 500010
    5001 - 600020
    6001 - 800020
    8001 - 1000025
    10001 - 1400025
    14001 - 5000030
    50001 - 7500035
    75001 - 8000040
    80001 - 10500050

     

      * 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.

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