AMMAN — The Board of Directors of the Jordanian Loan Guarantee Corporation (JLGC) decided to raise the rate for loans and financing granted to the industrial and service sectors to 80 percent instead of the 70 percent previously used, according to Khaberni.
اضافة اعلان
The board also decided to extend the low commission rate of the industrial finance and service loan program of 0.75 percent for commercial banks and 0.425 percent for Islamic banks until the end of this of 2022 as well as to extend the acceptable financing targets for escrow to working capital and all operating expenses.
The decision comes in light of the importance of continuing to support various economic sectors as the national economy continues to be affected by the negative consequences of COVID-19 crisis.
The program of securing loans to the industrial and service sectors is covered by special support from the EU and the Central Bank of Jordan to the company.
The JLGC’s board also decided to extend the reduced commission applied to all start-up loans and financing of 0.75 percent for commercial banks and 0.425 percent for Islamic banks until the end of 2022.
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