We, at the Bank of Palestine, recognize the value of working Palestinian women. Therefore we designed “Felestineya Business Gold Loan for Women”, an exclusive program with competitive features and collaterals, to help you work towards achieving your aspirations and goals, through granting business financing loans with a 100% value of the gold provided as collateral. These loans cover various types of businesses, financing working capital or long-term assets, such as machines and work locations.

Benefits of the Product:

  • Business loans granted to support small and medium-sized businesses of all types and sectors and without any terms.
  • The value of the business loan granted is 100% of the value of the gold provided as collateral.
  • The loan can be granted in USD, JOD, or ILS.
  • The loan can be granted for new clients. (No previous account at BOP)
  • The loan provides the benefit of gold safekeeping free of charge. The loan does not require guarantors.

 

Features of the Product

Amount (minimum)

1000 USD (or equivalent in JOD or ILS)

Amount (maximum)

15,000 USD (or equivalent in JOD or ILS)

Borrower’s age

The age of the owner / signatory(s)  ranges between 25 years old when applying  for the loan and 60 years old when the loan is repaid

Volume of annual sales / revenue

Should not exceed 7 million USD annually ; there is no minimum amount

Number  of employees

Shouldn’t exceed 25 employees; this is no minimum number

Purpose of the loan

Financing businesses of all types; and financing working capital or long-term assets, for example machines and work locations

 

Loan Period (minimum to maximum)

12 – 60 months

Grace period

Up to 6 months (interest is paid during grace period)

Ratios of financing

A maximum of 80%  of the value of the business if financing the working capital

A maximum of 85% of the value of the business  if financing long-term assets

 

Requested Documents

 Registered Business

Unregistered Businesses (Proof of profession from the chambers of commerce, village council, or municipality)

Documents for opening corporate accounts (if there isn’t a previous corporate account at Bank of Palestine)

Documents for opening personal accounts for   business purposes (if there isn’t a  previous account at Bank of Palestine)

A copy of the owner and the partners’ IDs

A copy of the owner’s ID

Related licenses according to the Bank’s  policy

Related licenses according to the Bank’s  policy

Account statements of the last six months for all open accounts at other banks (if the business is just starting, Bank of Palestine will accept the statements of the last six months for the owner’s personal account)

 

Account statements of the last six months for all open accounts at other banks

Tax Clearance Form / or Deduction at Source Certificate (corporates) (not required for companies located in Jerusalem or area C).

Tax Clearance Form / or Deduction at Source Certificate (corporates) (not required for companies located in Jerusalem or area C).

An internal system for the business that indicates that the company has the right to apply for a loan

 

The company’s CV

The  enterprise’s CV

 

If the business is new and not established, the following documents are requested, in addition to those mentioned above:

  • Business / feasibility plan (forecasted cash flows for the next two years).
  • Evidence of experience in the field of the project (commercial certificate, references, and previous experience in the same sector).
  • Proof of invested capital or future investments within the project (proof of contribution ratio).

Forms

  • Felestineya Business Gold Loan For Women Application Form.
  • Field visits report.
  • Signed promissory by the borrower and partners.