Term Loan is a type of loan to provide financial support, which is essential for running business operations.

 

Personal information

  • National Registration Card (NRC) (OR) National Scrutiny Card
  • Household Members List
  • Letter of recommendation from the ward
  • Valid passport photo of applicant.

 

Business information

  • Valid Business license (OR) Valid certificate of incoporation
  • Receipts of taxation for the previous (3) years
  • Photo proof of the business
  • Employees list of the business (If it’s a company limited, (7) pages document from DICA)
  • Loan application form
  • A written statement of business purpose of loan applied
  • BOD meeting minute.

 

Financial information

  • Financial Statement for the last (3) years
  • Bank Statement for the previous (6) months (If any)

 

Collateral information

  • Freehold land (land documentation and related contracts of land possession).
  • Leasehold Land (updated land possession of loan applicant(s).
  • Map/ land history from (105/ 106), which was copied within the last (6) months