Jerusalem Projects Loans - Palestine Investment Fund

Jerusalem Projects Loans - Palestine Investment Fund

Advantages

Repayment period of up to 60 monthly instalments.

Competitive interest rate.

A grace period of up to three months.

  • Available to existing and new Bank customers who own established businesses in Jerusalem and the surrounding areas.
  • Financing for all economic sectors in Jerusalem and its surrounding villages and towns.
  • Financing may be used to purchase goods, raw materials, machinery and equipment, or to renovate existing businesses.
  • Credit coverage of up to 85%, with a maximum loan amount of USD 100,000

The program offers favorable conditions, which include the following

  • The applicant must be a Palestinian Jerusalemite who owns a business in Jerusalem or its surrounding villages and towns.
  • The default rate must not exceed 20%.
  • The business must not be involved in the production of tobacco products, gambling, lotteries or similar activities.
  • Neither the applicant nor the business may have any overdue instalments.
  • The business must generate sufficient monthly income and cash flow to cover the monthly loan instalments.
  • The applicant or business must provide evidence that the loan was used for its approved purpose.
  • The applicant must provide evidence of an existing business.
  • Business partners must sign as joint and several guarantors.
  • The applicant must own the business or hold at least a 51% ownership stake and must have personally managed it for at least one year.
  • The applicant must be at least 22 years old.

Required documents

  • A copy of the applicant's ID and copies of the guarantors' IDs.
  • A price quotation for the goods or equipment intended to be purchased.
  • rental contracts, if applicable.
  • Proof of occupation and evidence of an existing project within Jerusalem City.

Application for a loan

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