TAHSEEN EL MANZEL Home Improvement Loan

Providing a safe and healthy environment at home is one of the most important factors that physical and psychological comfort, which in return leads to success in work, education, and more. Therefore, we designed the “Tahseen Al-Manzel” loan to enable beneficiaries to make the necessary changes to their houses, including major and minor maintenance, construction, and renovation. This loan is also available to all male and female beneficiaries who received a loan from MFW by obtaining the “Tahseen Al-Manzel” loan as an additional one for their existing loans.

Background

Loan Features

  • Loan amount: 1,000 JODs to 10,000 JODs
  • Loan term: 4 to 60 months
  • Monthly administrative expenses “interest”: 1-1.4% reducing interest rate
  • Yearly administrative expenses “interest“: 12.0% – 16.8% reducing interest rate
  • Other features:
    • Benefit from “Afiyatuna” micro-insurance program.
    • Subscription to the “Tatbiq Tibbi” service.
  • Company’s terms and conditions apply

Illustrative Example

Amount

5,500

JOD

Number of Months

12

Months

Interest

1.0 %

–

Monthly Installment

513.3

JOD