This type of loans is offered to merchants with the view of facilitating their commercial activities. It is a short-term loan aimed to facilitate and speed up projects and its interest is deducted in advance.

Target customers

The program targets customers from the following sectors:

  • Commerce
  • Industry
  • Services
  • Agriculture
  • Contractors

Features of the Service

  • Overdraft depending ion the need of customers.
  • Temporary facilities to meet the needs of customers in urgent situations up to a maximum of 6 months.
  • Merchants can be offered maturity interest loan at LIBOR price + special interest

Eligibility Criteria

  • Not listed on the list of customers with limited disposal authority or the black list.
  • Non-existence of unpaid matured balances at Bank of Palestine or any other banks.
  • Account activity proportionate to the required amount of facilities.
  • Spending the loan on the purpose for which it was granted.
  • Ability of customer to repay facilities on due time.
  • Guarantees such as cash insurance and mortgages such as real estate, gold, cars and others can be accepted.