Household Needs Loan

Do you want to improve your standard of living?

Do you want to invest in your future by paying for education?

Do you want to register your car or pay medical expenses?

FINCA Microfinance Jordan can provide you with a household needs loan which suits with all your requirements and your family needs.

Advantages

  • Personal loan

  • Easy procedures

Payment Methods

  • FINCA Jordan branches from 8:30 AM till 4:30 PM

  • All banks

  • EFawateercom

  • Currency: JD

  • Household Needs Loan (Group)

    • Loan Amount: From 300 to 1,500 JD
    • Loan Term: Up to 36 months
    • Nominal Interest Rate: From 41 % – 45 %  Annual Declining

    * Note : Interest rate varies depending on the client’s credit history and commitment with monthly installments with FINCA Jordan. Eligibility for better rate will be validated with each renewal and based on the monthly installment commitment.

    Application Fees:

    • (300 – 1,000 JD) 1% of the loan deducted from loan amount .Stamp fee and sales tax will also be deducted as per respective calculations
    • (1,001 – 1,500 JD) 1% + 10 JOD of the loan deducted from loan amount. Stamp fee and sales tax will also be deducted as per respective calculations
  • Household Needs Loan (Individual)

    • Loan Amount: From 300 to 2,000 JD
    • Loan Term: Up to 36 months
    • Nominal Interest Rate: From 41 % – 45 % Annual Declining

    Note: Interest rate varies depending on the client’s credit history and commitment with monthly installments with FINCA Jordan. Eligibility for better rate will be validated with each renewal and based on the monthly installment commitment.

    Application Fees:

    • (300 – 1,000 JD) 1% of the loan .Stamp fee and sales tax will also be deducted as per respective calculations
    • (1,001 – 2,000 JD) 1% + 10 JOD of the loan .Stamp fee and sales tax will also be deducted as per respective calculations
  • Life Insurance Fees: Life insurance fees are calculated at a certain percentage according to the loan amount.

    To Know how calculate life insurance fees please click to the LIFE INSURANCE CALCULATION BOX.

  • Sales tax on interest , fees and charges:

    Interest, fees and all charges are subject to the 3% general sales tax . Also the disbursed loan amount is subject to the duty stamps law.

  • Repayment Frequency: Monthly

  • Required Documents:

    • Copy of the national ID.
    • Copy of family registration book.
    • Proof of income.
    • Guarantor with a fixed income (For Household Needs Loan Individual)
  • Effective Interest Rate (EIR):

    • Household needs (Individual): From 52.84 % – 62.84 %
    • Household needs (Group): From 52.84 % – 63.39 %

    It’s depending on loan duration and amount.

  • Note: Please note that our financial products and services are suitable with special needs people.

  • Note: Non-Jordanians can now apply for any of our financial products