About Tender Loan
MTB Bank offers tender loans to support government tenders, covering a percentage of the project value based on the tender amount.
Loan Amount | Loan Tenor | Interest Rate |
Value of Tender Contact’s
Maximum 40% |
Tender Contract date | 12% to 15% |
Requirements
- NRC
- Passport Photo
- Household Member List (Form 6/66)
- Ward Recommendation Letter for Living address
- Business license.
- DICA certificate of incorporation and company extract, company constitution Resolution, Import/export license.
- BOD Resolution, Company Profile (for exceptional case).
- Receipts of income tax for the last 3 years (if applicable).
- Financial statements for the last 3 years.
- Business Plan for Loan Purpose.
- Evidence for Ownership Documents
- Creation of Title deeds documents
Note:
Depending on the purpose of the loan application and the type of business, additional documents may be required
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