Terms & Conditions

Terms & Conditions

Terms & Conditions

Terms & Conditions

Terms & Conditions

Terms & Conditions

The loan amount is based on the duration of pharmacy license ownership, as follows:

The loan amount is based on the duration of pharmacy license ownership, as follows:

The loan amount is based on the duration of pharmacy license ownership, as follows:

The loan amount is based on the duration of pharmacy license ownership, as follows:

The loan amount is based on the duration of pharmacy license ownership, as follows:

The loan amount is based on the duration of pharmacy license ownership, as follows:

Pharmacy license holder for 3-5 years: JOD 15,000.
Pharmacy license holder for 5-10 years: JOD 25,000.
Pharmacy license holder for 10+ years: JOD 35,000.

What You Gain

What You Gain

What You Gain

What You Gain

What You Gain

What You Gain

Repayment term of up to 60 months (5 years).
Pre-approved credit card for pharmacy owners with a limit of up to 10% of the loan amount.
Pre-approved credit card with a limit of JOD 1,000 for pharmacists employed at the same pharmacy for at least one year.
Preferential interest rates starting at 8.625%.

Required Documentation

Required Documentation

Required Documentation

Required Documentation

Required Documentation

Required Documentation

Pharmacy lease agreement in the license holder’s name.
Professional practice certificate from the Jordan Pharmacists Association.
Commercial license for the pharmacy in the borrower’s name.
Valid National ID.  
CriterionValueNotesExplanations
Nominal Interest Rate12.00%JODIBOR + MarginInterest rate is derived from the pricing list for retail loans
Loan Amount8,874JODThe requested loan amount
One-Time Fees and Expenses0.00%JOD (flat)One-time fees and expenses, such as granting fees and loan disbursement expenses. For example: a 1% flat fee for a loan equals (10,000 * 1% = 100) + 10 JOD for loan disbursement expenses
Repayment Period96 monthsInstallments/MonthsThe total number of installments required
Insurance Expenses4JOD monthlyMonthly expenses charged post-payments
Total Loan Value by End of Term14,230JODTotal loan value, including interest, fees and expenses, calculated automatically
13.594%Effective APR