Personal Business العربية

Financing Letters of Credit


With a long history of supporting businesses, Bank of Jordan offers a diverse and comprehensive range of financing and banking options for corporate clients, be it loans to finance letters of credit and bills, or discounted commercial bills to finance import letters of credit, transfers or bills.

Product Description

The financing of letters of credit/bills is an option provided by Bank of Jordan as a one-time or a permanent credit facility to finance all types of credit letters – whether for import/export, transfers, or bills.

The financing covers a portion of the amount requested in the letter of credit or the bill for collection and is repaid separately for each financing through monthly instalments based on an agreement between BOJ And the client.

Interest rates for the chosen financing option are imposed either monthly or on the diminishing outstanding balance. Commission fees are charged in advance.

Benefits

  • Financing ratio tailored to the client’s commercial needs
  • Competitive interest rates
  • Streamlined and quick transactions
  • Easy monthly instalments

Eligible clients

  • Corporations operating in all sectors
  • All private and public corporations

For additional information, please contact us at:
Bank of Jordan – Head Office – Amman
Tel: +962 6 5609200
Fax: +962 6 5670396
E-mail: [email protected]