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)