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Loan application with details showing type, amount and
purpose of the loan, security proposed including type
and value, mode of repayment and term of loan.
Application shall include consent of personal
guarantor/mortgagor when the security arrangements
dictate so. |
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Original and photocopy of currently renewed, trade
licenses relevant to the business line applicant is
engaged in. |
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Copy of Article and Memorandum of Association in case of
corporate entities like share companies, limited
companies and partnerships. |
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Letters of Authorization and Approval from supervising
government offices or consent of Board of Directors I
case of state enterprises and cooperatives. |
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Copy of company profile. |
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Copy of feasibility study where the entities are new or specific project is
to be financed. |
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Copies of three consecutive years’ Financial Statements. The statements can
be audited or provisional. Projected financial statements are requirements
for project financing. |
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Financial Credit Report form is available and must be completed to
customers where books of accounts do not exist. The contents must be
detailed and clear. |
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Supporting evidences for items listed in the balance sheet particularly for
prepayments, receivables and stock list (These are required if the
financial statements are not audited). |
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Evidences of securities such as land holding certificates and approved
plans of building, ownership booklet of motor vehicles, etc. |
Loan Application
Requirement