Central Bank Loans for companies and institutions 💵 during the Corona Pandemic!
The
central bank of Jordan (CBJ) 🏫 has specific financing programs for certain
sectors 👨⚕️ (manufacturing 👷♂️, tourism 😎, agriculture 🌴, renewable energy 🌞, IT 📱,
transportation 🚴♀️, health 👨🔬, technical education 👩🏫, and engineering consulting 👩💼) where
they are lend money at a preferred interest rate through banks.
Up until now, the central bank has offered around 700 million JDs for these
companies.
Nowadays
and due to the Corona pandemic, the CBJ has decided that the interest rate of
these loans need to decrease. The CBJ has decreased the interest rate of these
loans given to the banks from 1.75% to 1% inside Amman and from 1% to 0.5% in
the other governorates 🙌. Banks are to
decrease the interest of the loans given to these companies with the same percentage
accordingly.
The
financed period is to be increased as well to 10 years, 2 of which is a grace
period and the CBJ has included the export industry 🚅 to benefit from these
programs as well.
In
addition to that, the CBJ has introduced a new program with 500 million JDS to
support professionals and SMEs. This is mainly for companies to keep their
employees and to cover for theهق operational and capital expenses.
These loans are for 3 years with an interest rate of
2% and a grace period of 6 months-1 year.💃 Also, the Jordan Loan Guarantee
Corporation (JLGC) will guarantee up to 85% of the loan (p.s. they usually
guarantee up to 70%)
The official launch of AmwalCom.Com was announced on Nov. 4th 2018 at a ceremony held at the King Hu... Read more