The program aims to provide financing for projects and companies operating in the digital transformation sector to achieve the following:
- Developing capabilities in digitization for testing, analysis, management, or creation of digital products or services.
- Offering various digital services to reduce barriers caused by physical obstacles, streamline supply and value chains, and provide fast delivery of goods and services.
- Utilizing technology to solve complex problems, and develop innovative mechanisms and ideas contributing to economic development.
- Encouraging the adoption of technological advancements in the financial services market and adopting advanced technologies, including artificial intelligence.
- Providing an attractive and inclusive digital investment environment aligned with sustainable development goals.
- Investing in digital transformation and bringing technology, technical expertise, and jobs to the local market.
- Investing in digital communication through applications, dashboards, and digital tools.
- Investing in e-commerce digitization and infrastructure to facilitate the digital transformation process in e-commerce.
- Any other services aimed at developing digital transformation.
Financing Features:
- Reduced interest rate of 3%.
- Grace period up to 12 months.
- Repayment period up to 48 months.
Application Requirements for Financing:
- The borrower must be at least 22 years old.
- The project should be registered with official departments, institutions, and associations, or possess tax documentation.
- The borrower must not have overdue installments.
- The borrower must provide evidence of loan utilization for the intended purposes.
- Monthly income from the project or other family activities should cover the monthly loan installment.
Banks Offering This Program:
- Bank of Jordan
- Palestine Investment Bank
- Palestine Islamic Bank
- Safa Bank
- National Bank
- Egyptian Arab Land Bank
- Arab Islamic Bank
- Cairo Amman Bank
- Housing Bank
- Arab Bank
- Jordan Ahli Bank
- Bank of Palestine
Financing Application Process:
Applications for financing are submitted through the Monshati platform:
- You need to log in or create a new user account to apply for financing.
- Fill out the information in the financing application and attach the required documents.
- Track the application through the platform and follow up with the bank through which the financing application was submitted.