May you find yourself in situations where you require more funds for your business to run smoothly. Such pitfalls may stall and stop your business operations for a while, which isn’t good for any business, large or small. Any interruption in the business means money is lost. When you, the owner of a business, find yourself at a loss of funds, you can easily rely on an Overdraft Facility. This is provided by Jordan Ahli Bank to ensure that your immediate capital needs are met and your business is not impacted

What is an Overdraft Facility? An Overview!

An Overdraft (OD) is a credit facility, which is offered by JAB. It lets a borrower take an OD Loan for financing business expenses. This facility allows borrowing money from the bank, even if their Savings or Current Accounts do not have funds. As it refers to an extension of a monetary limit which is given by the bank, the money which is withdrawn is actually “overdrawn”. Through this facility, you can avail a certain limit of funds and depends on the customer’s relationship with JAB. In exchange for this facility, which is essentially like a loan, we charge interest, but only to the extent of the funds you utilize, out of the total amount permitted. Overdrafts are useful tools for managing cash flow issues in the short-term.

Features of an Overdraft Facility:

The key features of an Overdraft Facility relevant for business owners are

• An Approved Limit of Credit -, an Overdraft Facility is given according to a fixed limit, which may change from one borrower to another.
• The Rate of Interest – The interest on a Loan through an Overdraft is only charged based on amounts used by a borrower.
• No Charges on Repayment – There is always a charge for repayment on any loan you take. However, in an OD, there is no such charge that borrowers have to pay
• Repayment Anytime – Unlike other loan repayment terms, an OD offering allows you to repay borrowed amounts at any time agreed with the Bank.

To apply for the Overdraft facility, please visit our branch in Cyprus or the International Financing Unit (Corporate Group) in Amman, Jordan.

“The bank reserves the right to accept or reject applications based on its polices and criteria”

Embark on your business journey with confidence by exploring our comprehensive range of commercial loan solutions. Whether you’re looking to expand operations, invest in new equipment, or seize growth opportunities, our tailored financing options are designed to fuel your success. With flexible terms, competitive rates, and dedicated support from our experienced team, we’re committed to helping you achieve your business goals. Discover the power of partnership with our commercial loans today.”

Features      

• Flexible Loan Amounts: Tailored to suit your business needs, with options ranging from small to large amounts.
• Competitive Interest Rates: Access to competitive interest rates to keep borrowing costs manageable.
• Flexible Repayment Terms: Choose from a variety of repayment options, including fixed or variable interest rates and flexible repayment schedules.
• Quick Approval Process: Streamlined application and approval process to get funds fast, helping you seize opportunities when they arise.
• Collateral Options: flexibility in collateral requirements.
• Transparency: Clear and transparent terms and conditions, ensuring you understand all aspects of the loan agreement.

To apply for the Commercial loan, please visit our branch in Cyprus or the International Financing Unit (Corporate Group) in Amman, Jordan.

“The bank reserves the right to accept or reject applications based on its polices and criteria”

Our project financing solutions, where visions become reality and ambitions are fueled. With our tailored financial support, we empower businesses to embark on ambitious projects and bring their innovative ideas to life. From infrastructure development to renewable energy initiatives and real estate ventures, our comprehensive financing options are designed to provide the capital you need to turn your projects into success stories. Partner with us and unlock the resources necessary to build a brighter future.”

Features

• Customized Funding Structures: Tailored financing solutions designed to meet the specific needs and requirements of individual projects.
• Long-Term Financing: long-term repayment periods that align with the project’s revenue generation timeline, allowing for manageable repayment schedules.
• Independent Project Evaluation: Independent experts conduct feasibility studies and due diligence to evaluate the project’s technical, economic, and environmental viability,
• Consortium Financing: Large-scale projects may involve multiple lenders and investors forming a consortium to provide financing, spreading the risk and leveraging the expertise of diverse stakeholders.
• Exit Strategies: Project financing structures may include provisions for exit strategies, such as refinancing options or sale agreements, to provide flexibility and liquidity for stakeholders throughout the project lifecycle.

To apply for the project financing, please visit our branch in Cyprus or the International Financing Unit (Corporate Group) in Amman, Jordan.

“The bank reserves the right to accept or reject applications based on its polices and criteria”