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 2000 JD. This product will include group loans, Individual, Household needs and convenient loan with time of period up to 24 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 2000jd

  • Loan term: Up to 24 months

  • Nominal Interest Rate:

    Trust Loan – HNL(GROUP/INDIVIDUAL)

    • 300 – 2,000 JD –  From 37 %   Annual Declining

    Trust Loan (GROUP)

    • 300 – 1,000 JD – From 34 %  Annual Declining
    • 1,001 – 2,000 JD – From 31 %  Annual Declining

    Trust Loan (INDIVIDUAL)

    • 300 – 1,000 JD – From 32 %  Annual Declining
    • 1,001 – 2,000 JD – From 31 %  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):

    • 50.27% – 48.80%
    •  44.33% – 42.93%
    •  40.02% – 38.67%
    •  41.45% – 40.08%
    •  40.02% – 38.67%
  • ِApplication Fees:

    Group Loan :

    • (300 – 500 JD)  5 JD per member to be deducted from loan amount of each member
    • (501 – 2,000 JD) 1% of the loan per member to be deducted from loan amount of each member .Stamp fee and sales tax will also be deducted as per respective calculations

    Individual Loan :

    • (300 – 500 JD)  5 JD to be deducted from loan proceeds
    • (501 – 2,000 JD) 1% 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.

  • 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