Tadamon Group Loan

Tadamon is a product that allows multiple beneficiaries within the same community to apply collectively for financing. These loans can be used for diverse purposes, such as covering educational expenses, expanding a business, or easing any other sort of financial obligations or burdens.

Background

Loan Features

  • Loan amount: 400 JODs to 1,500 JODs
  • Loan term: 12 to 26 months
  • Monthly “interest”: 1.5% – 1.75% according to the beneficiary’s cycle
  • Yearly “interest” : 18% – 21% according to the beneficiary’s cycle.
  • Other features:
    • Benefit from “Afiyatuna” micro-insurance program.
    • Subscription to the “Tatbiq Tibbi” service .
  • Company’s terms and conditions apply

Illustrative Example

Amount

1000

JOD

Number of Months

12

Months

Interest

1.5 %

–

Monthly Installment

98

JOD