Acquire Essential Assets with our Fixed Asset Loan
Finances the cost of acquiring new fixed assets (Machines) needed for the business.
Why Vitas?
We recognize the importance of robust infrastructure in driving business growth and productivity. With Vitas Fixed Assets Loan, entrepreneurs and small-sized enterprise owners can amplify their business yields beyond limits. This loan, specifically designed to support the expansion and development of services and products, provides financing for the purchase of essential machinery and equipment necessary for manufacturing and delivering core services.
Fast and easy loan disbursement: Enjoy a hassle-free experience provided all necessary paperwork is complete. | Amount | Interest Rate (%) | Min EIR % | Max EIR % | Terms |
|---|---|---|---|---|
| 1500 | 30 | 40.71 | 6 - 42Months | |
| 1501 - 2000 | 30 | 40.27 | 6 - 48Months | |
| 2001 - 3000 | 30 | 39.59 | 6 - 48Months | |
| 3001 - 4000 | 28.5 | 37.27 | 6 - 48Months | |
| 4001 - 5000 | 28.5 | 36.85 | 6 - 48Months | |
| 5001 - 6000 | 23.5 | 30.45 | 6 - 48Months | |
| 6001 - 8000 | 23.5 | 30.07 | 6 - 48Months | |
| 8001 - 10000 | 23.5 | 29.74 | 6 - 48Months | |
| 10001 - 14000 | 21 | 26.89 | 6 - 48Months | |
| 14001 - 50000 | 21 | 26.02 | 6 - 48Months | |
| 50001 - 60000 | 20 | 24.7 | 6 - 48Months | |
| 60001 - 70000 | 20 | 24.7 | 6 - 48Months | |
| 70001 - 75000 | 20 | 24.7 | 6 - 48Months | |
| 75001 - 80000 | 20 | 24.65 | 6 - 48Months | |
| 80001 - 110000 | 20 | 24.77 | 6 - 48Months |
Commission for granting credit is calculated in accordance with the provisions of Article (3) of the provisions of Articles (4/b/13), (43/h), and (65/b) of the Central Bank of Jordan Law No. (23) of 1971 and its amendments, and the provisions of Article (17/b) of the Finance Companies Law No. (107) of 2021.
In case the credit approval stipulates a condition of salary transfer based on an authorization document, where the monthly installment is deducted directly from the transferred salary to the bank (according to the terms of the agreements signed between the company and the relevant banks), the bank's commission for the cost of salary transfer deduction, issuance, and management of the authorization documents is calculated and deducted from the net loan amount, subject to the terms and conditions.
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