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Military Credit Fund defers instalment payments

By JT - Apr 07,2020 - Last updated at Apr 07,2020

AMMAN — The Military Credit Fund on Tuesday decided to postpone loan instalments for beneficiaries of the fund’s financing programmes for April 2020.

The fund’s management said in a statement that the value of April's installment will be deducted after the date of collecting the last installment of the loan without any additional fees or commissions for the delay, the Jordan News Agency, Petra, reported. 

The statement added that fund members’ April salaries will be deposited in the fund’s salary accounts or at the members’ usual banks in full without any deductions for the loan installment.

The step came under the directives of Chairman of the Joint Chiefs of Staff Maj. Gen. Yousef Huneiti to support the personnel in the Jordan Armed Forces-Arab Army and security entities, in light of the exceptional circumstances that the country is going through, according to the fund.

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