- Features and characteristics:
· It's directed to companies, establishments and free lancers such as doctors, dentists, pharmacists, traders, craftsmen, etc.
· The purpose of loan is to finance the expansion of existed business as follows:
- Financing business needs:
o Working capital needed for inventory, receivables and purchasing issues.
o Other business needs.
- Fixed assets as:
o Acquisition of commercial real estate with 40% down payment.
o Renovation of commercial real estate
· It's against real estate first degree mortgage.
· The loan amount is up to SYP 100 MLN.
· The tenor varies between 1 to 8 years based on the loan purpose.
- Purpose of Loan:
· The loan will be used to finance companies, establishments and free lancers to facilitate the expansion of the existed business against Real Estate mortgage.