TRUST LOAN

FINCA Microfinance launched a new product for repeated clients with well-paying and it’s called “Trust loan“.

The trust loan will be disbursed to the committed and repeated clients without guarantors and easy procedures by phone with amount of loan up to 2,500 JD. This product will include group loans, Individual, Household needs and convenient loan with time of period up to 48 months.

Advantages

  • For repeated and committed clients

  • Without guarantors

  • Easy Procedures

  • Take a loan by phone during 24 hours

Apply for a loan
962 799000466
Life Insurance Calculation

  • Currency: JD

  • Loan amount: from 300 to 3,000jd

  • Loan term: Up to 48 months

  • Nominal Interest Rate:

    Trust Loan – HNL(GROUP/INDIVIDUAL)

    • 300 – 3,000 JD – From 38%   Annual Declining

    Trust Loan (GROUP)

    • 300 – 1,000 JD – From 35 % Annual Declining
    • 1,001 – 3,000 JD – From 32 % Annual Declining

    Trust Loan (INDIVIDUAL)

    • 300 – 1,000 JD – From 33 % Annual Declining
    • 1,001 – 3,000 JD – From 32 % 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.

  • Effective Interest Rate (EIR):

    Trust Loan – HNL(Group)

    • From 48.37 % – 51.28 %

    Trust Loan – HNL(Individual)

    •  From 48.37 % – 52.30 %

    Trust Loan (Group)

    • 300 – 1,000 JD – From 43.65 % – 45.80 %
    • 1,001 – 3,000 JD – From 39.67 % – 42.4 %

    Trust Loan (Individual)

    • 300 – 1,000 JD – From 40.78 % – 42.88 %
    • 1,001 – 3,000 JD – From 39.67 % – 42.4 %

  • • Commission for granting credit:
    – Less than 1,000 JD, 1% of the loan (deducted from the total loan amount).
    – 1,000 –3,000 JD, 1% + 10 JOD of the loan (deducted from the total loan amount).

    • Stamp fee and sales tax will also be deducted as per respective calculations.
    • Import stamps + Life Insurance
    • Sales tax of 3%

  • 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.

  • 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