Bank of Jordan provides the overdraft service to all clients within the “small and medium-size enterprises” sector. The overdraft finances their needs and provides them with the required liquidity, to continue operations and activities, under specific ceilings that correspond with their commercial business volume.

What is an overdraft?

It is one form of credit facilities to enable small and medium-size enterprises obtain additional capital from time-to-time to finance working capital. The first step begins when client is extended a ceiling to be specified after examining his/her needs. Interest is calculated monthly on the outstanding balance and not the ceiling, which gets renewed annually.

Advantages of an overdraft account at Bank of Jordan

- A credit ceiling that matches your needs and volume of commercial business.
- Competitive interest rate
- Easy and quick processing of credit extension
- Calculating interest monthly on the outstanding balance and not the ceiling.
- Renewing the overdraft ceiling annually
- Easy withdrawal from and depositing in the account
- Receiving a cheque book.

Beneficiaries from the overdraft account

- All entities and projects of whatever activity or line of business
- Entrepreneurs and individuals who own trading and industrial establishments

Commercial Services’ Centres at Bank of Jordan

To upgrade the level of services provided to small and medium-size enterprises and to speed up the processing of transactions at the highest degree of professionalism, Bank of Jordan has established 11 specialised centres across the Kingdom to serve small and medium-size enterprises.

 The locations are as follows:

- Shmeisani           - Sweifiyeh      - Al Hussein        - Aqaba                - Marka           - Irbid
- Mecca Street      - Gardens        - First Circle        - Qweismeh        - Zarqa