With a long history of supporting businesses, Bank of Jordan offers competitive and diversified financing programs tailored for the needs of the corporate sector.
Commercial loans are one-time loans issued for specific purposes to public and private corporations to finance their working capital, commercial activities, or operations.
They are repaid in monthly instalments based on an agreement made between BOJ and the client, with consideration of the client’s cash flow.
The interest on a commercial loan may be charged on the diminishing balance or on the remaining instalments and takes into account any previously deducted interests or commissions. The interest expires upon loan repayment.