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FATEN review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Faten is a direct lender for residents who hold a Palestinian or Jerusalem identity card and a good credit record, and it charges no commission for placing a loan. Borrowing tops out at $5,000, with terms of 4 to 72 and free early repayment once the loan is running.

Key facts

Best for
Borrowers in the area with a good credit record and documented income.
Loan amount
$5,000↗
Term
4 to 72 months↗
Arrangement fee
Application fee USD 10 to USD 50 depending on loan amount; no grant or placement commission↗
Credit check
Hard↗
Funding time
Up to one week after the credit officer receives all required documents↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Age 18 or older; Palestinian or Jerusalem identity card; permanent resident in the area; good credit record; stable documented income (proof of income no older than 3 months)↗
Loan types
Personal, Business, Secured↗
Credit needed
Good↗
Use cases
Home-improvement↗
Legal entity
Palestinian Credit and Development Company (Faten)↗
Headquarters
Palestine↗
Founded
1999↗
Support channels
Phone, Help-centre, Chat↗
Official website
faten.org

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInX

Pros and cons

Pros

  • Regulated by the Palestine Monetary Authority, with the lender based in Palestine.
  • Free early repayment, so a loan can be cleared early without a penalty.
  • No grant or placement commission, and an application fee that scales with the amount borrowed.
  • Lending spans personal, business and secured, so personal and business borrowers use the same lender.

Cons

  • Credit checks are hard, hard, and the record has to be good, good.
  • Eligibility is narrow: a permanent resident in the area holding a Palestinian or Jerusalem identity card.
FATEN

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Who it suits

  • Residents of the area who hold a Palestinian or Jerusalem identity card.
  • Borrowers with a good credit record, good, and stable documented income.
  • People who expect to repay early, since early repayment costs nothing.

Who should look elsewhere

  • Large-ticket borrowing, because the cap is $5,000, well below Sofkredit at €12,000 to €300,000 and Creduma ES at from €12,000.
  • Applicants without a Palestinian or Jerusalem identity card, who would do better looking at Cashspace, where amounts run PHP 500 to PHP 25,000.
  • Borrowers expecting same-day money, because funding waits on a credit officer receiving every required document.

Deposit protection

Deposit protection is the wrong frame for Faten, which is a direct lender rather than a bank taking deposits. Money moves from the lender straight to the borrower and back again, so there is no saved balance for a protection scheme to cover. Safety here is about the lender behind the loan, the terms agreed, and the repayments, not about protected savings.

How FATEN compares

Where FATEN is available

Available
Palestine
Licence in Palestine
Palestine Monetary Authority, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to take a Faten loan?+

An application fee scales with the amount borrowed and there is no grant or placement commission. Terms run 4 to 72, and early repayment is free, so a loan can be cleared ahead of schedule without a penalty.

Is Faten regulated?+

Faten is a direct lender, founded in 1999 and based in Palestine, with the Palestine Monetary Authority named as its regulator. It is a credit company rather than a bank, so a loan is not a deposit and a deposit protection scheme has nothing to cover.

How much can I borrow from Faten?+

The cap is $5,000, and terms run 4 to 72. Personal, business and secured lending are all offered, so a self-employed applicant can still apply, and the amount follows the documents submitted with the file.

Who can apply for a Faten loan?+

Applicants must be adults with a good credit record, good, and the check on file is hard, hard. Eligibility also asks for a Palestinian or Jerusalem identity card, permanent residence in the area, stable documented income and recent proof of income.

How long does funding take at Faten?+

There is a waiting period: a credit officer must receive all required documents, including recent proof of income, before funding starts, so the money does not arrive the same day. The application also goes through a hard credit check, hard.

Can I pay a Faten loan off early?+

Yes, early repayment is free at Faten, so clearing the balance ahead of schedule does not trigger a charge. With a term of 4 to 72, spreading a cost over months and then clearing it early suits anyone with variable income.

How do I get help from Faten?+

Support runs on phone, help centre and chat, so a borrower can call, open the help centre or start a chat. Phone and chat cover questions while a file is being processed, and the help centre handles the terms of an existing loan.

How does the Faten cap compare with other lenders?+

At $5,000, the Faten cap is modest next to the alternatives listed here: Sofkredit runs to €12,000 to €300,000 and Creduma ES starts at from €12,000, while Cashspace works in amounts of PHP 500 to PHP 25,000. The difference is the market served, not just the size.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Representative example.

Related by the facts

FATEN

FATEN

Borrowers in the area with a good credit record and documented income.

9.3/10See alternatives