Individual/whole seller and retailers/civil contractors/small entrepreneurs/exporters that requires for day-to-day functioning of the business
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Maximum limit of 50% of the stock value.
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Maximum limit of 75% of the collateral value.
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Maximum limit of 50% of the value of work/supply order.
Maximum of one year subject to review/ renewal
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Loan Application.
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Citizenship identity copy of the applicant and borrower if applicable.
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Recent passport size photograph of the borrower.
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Ownership certificates of securities offered to the bank.
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Property valuation/assessment/estimate certificates.
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Copy of Work Order supported by relevant pages of the agreement.
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Copy of the Quotation/Invoice.
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Letter of Undertaking from awarding agencies for routing of RA Bill payment through bank.
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Copy of valid trade license
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Statement of stock & book debts debtors (age wise), sundry creditors as on a recent date.
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Sales and Purchases report for the past 12 months.
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Income and expenditure / Profit and Loss and Balance sheet for the last two years (preferably audited, if applicable).
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Projected sales and purchases for the next 12 months.
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Stamped and witnessed Letter of Consent for extension of charges (only fixed assets) duly signed by the property owner, if applicable.
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Consent letter from the guarantor to be obtained in-case of request for enhancement of limit.
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Ownership certificate(s) of the collateral security offered to bank.
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Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
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For family owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
