Intaji Loan (Companies)-Working Capital - Ahli Microfinance Company

Intaji Loan (Companies)-Working Capital

Intaji Loan (Companies)-Working Capital

This loan aims to finance owners of licensed businesses from one year or more, in order to expand and develop the services and products of that business by financing the purchase bills for goods or raw material that is used in manufacturing the final product or services.

Individuals / customers with disabilities can benefit from all services and products provided by the company in line with internal policies.

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  1. Loan amount (JOD): From 3000-10000
  2. Loan term (Months): 8-24
  3. Annual Interest rate : 18%
  4. Grace period: Up to 3 months
  5. Payment date: 1st of each month
  6. Commission for granting credit (one-time upon granting):
    • Subject to 1% of the credit limit if the credit limit is less than 1,000 JODs.
    • Subject to 1% + 10 JODs of the credit limit if the credit limit is between 1,000 – 10,000 JODs.
    • Subject to 1% + 20 JODs of the credit limit if the credit limit is more than 10,000 JODs. 

Other governmental fees:

  1. General Sales Tax : 3%
  2. Stamp income fees: starts from 9-30 JOD and it is calculated according to the loan amount.

Payment Methods:

  1. In all our branches' outreach.
  2. eFAWAteerCOM service through approved agents, click here for more information about agents' details.

 

Illustrative example:

Financing of 3200 JODs for a repayment period of 12 months at a declining rate of 31% which is equivilent to 18% fixed/annual interest rate, noting that the declining interest rate depends on the loan term and it is guidance rate.

  • The total value of the interest incurred on the financing: 576 JODs
  • The value of the import stamps on the contract: 12 JODs
  • Amount of commission for granting credit (one-time upon granting): 10 JODs
  • Percenatge of commission for granting credit (one-time upon granting): 32 JODs
  • The value of the general sales tax: 18.54 JODs
  • The value of the monthly installment for the first payment: 322 JODs (the original payment: 236 JODs and the value of the interest: 86 JODs ).
  • The value of the monthly installment for the remaining payments: 314 JODs, including the principal and interest.

Calculating the effective interest rate (EIR) for the financing by calculating according to the following formula (EIR) = 1-12^(IRR+1)

  • In the Value field: we enter all cash flows (negative and positive)
  • In the Guess field: (representing the expected return): we enter "zero".
  • IRR = 3.03%
  • Effective interest rate = 43.10%
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In addition to this loan AMC provides the following added-value services:

  1. The loan will be guaranteed by Jordan Loan Guarantee Corporation.
  2. The loan will be provided with free credit life insurance.
  3. Free of charge access to annual bazaars which allow AMC clients to market their products and services.
  4. Free of charge attendance to financial literacy and marketing workshops and awareness sessions.
  5. Participation in national and international entrepreneurship competitions, which allows our clients to be exposed to new best practices and prizes which add value to their projects and businesses.

Notes:

 

No active offers is offered currently.

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Below are the required documents for Intaji Loan-Purchasing bills:

  1. Copy of the personal ID.
  2. Copy of valid family book.
  3. Update Proof of residence.
  4. Proof of income.
  5. Valid commercial registery.
  6. Financial statements.
  7. A copy of the profession license.
  8. Any other documents might be requested.
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