Obtaining a new loan

Estimated Time:

15 working days after completion of documents and feasibility study.


Public service desk and branches of the Fund in all Governorates.

Branches of the Fund in Jeeza(Central Area),

the northern Badia in Mafraq

and the Husseiniya area in Ma'an Governorate.

Po Box (922708) Amman (11192) Jordan-  Tel. 4618851 Fax 4618845.

You can contact the Public Service on (4618458)

The north branch (027102065)- The south branch (032341069)

Estimated Fee:

5 JD as application fees - paid prior to the agreement.

  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Conditions for obtaining service

General conditions and criteria related to the borrower:

  1. The applicant must be a Jordanian citizen.
  2. The applicant should be unemployed and owns no enterprises.
  3. Has the appropriate qualification and ability.
  4. The borrower shall not exceed 60 years of age and not less than (18) years.
  5. The ceiling of funding (20000) thousand as a maximum and according to the feasibility study of the project.
  6. The Fund shall charge an Islamic Murabaha rate of (5%) annually, a repayment tenure of (7) years, in addition to (6) months as a repayment period.

Second: General criteria related to the project:

  1. The project should be productive and economically feasible in the following fields: (industrial, handicraft, service, commercial, tourism, agricultural industry).
  2. The project should be income-generating and labor intensive for Jordanian labor.


Financing the establishment of new licensed projects, with a view of creating new job opportunities.

Partner institutions:

  • The departments and institutions where the sponsor work.
  • Productivity Enhancement Centers (IRADA) if the amount of funding exceeds JD 7,000.
  • The Department of Lands and Survey in case of mortgaging the property as collateral.
  • Social Security Corporation.
  • Ministry of Industry, Trade and Supply or its directorates in the governorates.
  • Greater Amman Municipality and other municipalities.
  • Commercial banks.


  1. Visit any branch of the fund and talk to the credit officer.
  2. The credit officer shall provide all information on the terms and conditions of lending and guarantees required, and types of projects eligible for financing.
  3. After agreeing on the type of project and required guarantees, the applicant shall be provided with a list showing all the requirements and a letter to the Productivity Enhancement Center (IRADAH), if the amount exceeds 7,000 JODs., as well as the enquiry form to be signed by (Social Security Corporation, Ministry of Industry, Trade and Supply or its directorates in the governorates, Greater Amman Municipality, other municipalities), depending on the project’s site.
  4. The credit officer shall communicate with the sponsors' employer to obtain non-objection letters to deduction and/or address the Lands & survey department to obtain a price appraisal of the property to be mortgaged, as applicable.
  5. Once all documents are ready, the applicant will be directed to visit the relevant branch to submit the documents and forms to the credit officer.
  6. The credit officer shall verify all documents and if complete, the loan application form shall be filled-out, signed and entered into the electronic lending system.
  7. The credit officer shall set an appointment for an inspection visit of the site to verify its readiness.
  8. The credit officer shall visit the site and prepare a study on its readiness.
  9. The application is then transferred to the Central Loans Committee.
  10. The application is then presented to the Loans Committee.
  11. Upon approval of the Committee, the file shall be returned to the relevant branch for signing the agreement by the Borrower and the sponsor / sponsors.
  12. The applicant is then given a voucher to pay the service fees at any of the approved banks in all branches,unless the application is submitted at headquarters; in which case fees are paid at the cashier’s desk.
  13. The applicant shall hand-over the deposit voucher or receipt to the credit officer.
  14. The agreement is then signed along with any annexes by the Borrower and the sponsor(s).
  15. The Borrower shall be handed-over a copy of the purchase commitment letter if the purchase is made according to Murabaha.
  16. The Borrower shall receive the material indicated in the price quotations by the supplier,and shall inform the Fund.
  17. A check disbursement visit shall be conducted to inspect the material on site.
  18. The disbursement officer shall prepare a report of the site visit for disbursement purposes:
  • To the supplier, in case of Murabaha financing.
  • To the family sponsor, in case of financing by legal power of attorney, upon submitting invoices illustrating the payments made.

Required Documents

First: Required documents during the application process:

  1. A certified copy of the civil ID of the borrower and the sponsor.
  2. A duly attested certificate of experience or academic qualification for enterprises that require so.
  3. A profession practicing license issued by VTC for professions that require such a license (Carpentry, black smithery, barbers….etc.)
  4. An initial rent contract of the project’s site.
  5. The most recent electricity bill of the borrower’s housing.
  6. Initial approvals for projects that require so (beauty parlors, cafes, internet cafes, nurseries….etc.).
  7. Price quotations of the material to be supplied;addressed to the Fund in accordance with Islamic Murabaha terms.
  8. Submit a copy of the supplier’s vocational license and commercial registration, in case of Murabaha financing of the purchase order.
  9. Original salary statement of the sponsor.
  10. A salary deduction letter to guarantee the salaries from the sponsor’s employer.
  11. An ownership deed in case of mortgaging real estate property.
  12. A price appraisal of the real estate property to be mortgaged; issued by the Lands & survey department or a licensed surveyor.
  13. A certified copy of the authorized attorney’s ID, in case of financing by legal power of attorney.

Second: Required documents after approval by the Loans Committee:

  1. A certified lease from the Municipality or the Greater Amman Municipality according to the project location.
  2. A certified copy of the Commercial Registration.
  3. A certified copy of the vocational license.
  4. Mortgage letter / guarantee of real estate property.
  5. Any additional terms requested by the Loan Committee.

Persons benefiting from the service

Borrowers and sponsors.


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