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