Project for loan
Project for loan
Project Loan is provided to corporate borrowers for the purpose of maintaining cash flow and of capital expenditure including setting up new or additional manufacturing facilities, construction, etc. Project loans are also available to acquire fixed assets like land & building, plant & machinery, etc. Flexible term, mid-to-long term, or sometimes short-term loan for quick turnaround of fast cash.
Different combinations, if required by the customers, bank acceptance draft or non-financing guarantee can be issued under the Project for loan or applying for domestic or international trade finance.
Who can apply?
- Independent-audited corporate company,
- government unit
- economic entities registered under the Administrative Authority of Industry and Commerce (or Management Authority).
Eligibility criteria
Applicants must meet the following conditions:
(I) Primary deposit A/C or general deposit A/C opened in any bank.
(II) Project meets the conditions of State laws and regulations, industry policy.
(III) Borrower has good credit standing, strong ability to pay back the loan, good management practices.
(IV) must be above 21 years of age.
How to apply?
(I) Customers submit written application to a lender and all the required written documents.
(II) Once the application is accepted by the lender, the lender will proceed to due diligence, appraisal, review, and approval.
(III) Both sides sign contract once the loan is approved.
