Banking Lending Program

This program extends credit to the Palestinian SMEs with an annual interest rate of 6% in addition to an annual service fees of 1%. This program is financed by the Palestinian Banking Corporation and Welfare Association. A financing agreement has been signed with the Welfare Association for the total amount of $ 1.76 million to finance SMEs in the IT sector. The SLU has received $ 760,000 out of this agreement. The total funds available under this program are around $ 3.5 million.

• Loan Size: From $ 5,000 - $ 25,0000.
• Loan Period: From 1 to 4 years with a maximum grace period of 6 months.
• Repayment Method: Depends on the project cash flows. It may be collected monthly, quarterly, semi-annual, annually or seasonal particularly in the case of agricultural projects.
• Interest Rate: This program extends credit to the Palestinian SMEs with an annual interest rate of 6% in addition to an annual service fee of 1%.
• Collateral and Guarantees: The client has to provide adequate collateral and guarantee. The collateral and guarantees varies in Palestine from one region to another according to the legal situation. Mainly one or more of the following types of collateral and guarantees can be accepted:
  1. Termination benefits and provident funds of employees working in recognizable NGOs.
  2. Cars and vehicles with comprehensive insurance.0
  3. Bank guarantee.
  4. Registered land (Taboo).
  5. Apartments registered in the Taboo.
  6. Corporate Stocks traded in Securities Exchange Markets.
  7. Any other accepted legal collateral.

• Download MSWORD Financing Application.
• Download PDF Financing Application.
• Financing and Loan Applications are accepted only through our area Loan Officers. For inquires and applying for financing please consult our Loan Officer in your area.