This is the process of involving several different lenders in providing various portions of a loan to a single borrower. This type of borrowing facilitates large borrowings and is generally given in the form of term loans.
Application Requirements
National Identification Card, Valid Passport or Valid Driver’s License of all Directors
TIN Certificate of Company
Certificate of Incorporation or Business Registration
Memorandum of Association or Articles of Association
Annual Return (Previous two years)
Audited Financial Statements (Previous three years)
Business Plan / Application indicating purpose of financing
Bank Statement from Current Bank (Minimum one year)
Copy of Transport / Title of property offered as collateral
Valuation of Property (To be done by an approved valuator by the Bank)
