Requirements:

• Applicant must be in the real estate for at least 5 years and should prove his/her track record.


• Project must be located at a prime area.


• Applicant must have:- I. Land Title Certificate II. Building Permit III. Soil Test Report IV. Architectural Designs V. Estimated Cost of the Project VI. Business Plan VII. Etc.


• Cost of Valuation, Survey and searches to be borne by applicant.


• Jislah consultant to be involved.


• Project to serve as collateral security.


• Application to borrow on the company’s letter head.


• Board Resolution to borrow to be signed by all members of the board company (majority shareholder inclusive).


• Personal Guarantee by the Directors of the company (majority shareholder and chairman inclusive).


• Bank Statement for the last one (1) year, from all Bank Accounts of the company.


• Audited Accounts for the last 3 years.


• Copies of Business Registration Certificates..


• Collection of post dated cheques from applicant from checked out Bank Account to cover the loan repayment period..


• Keyman Insurance on the Principal Applicant to cover the loan period..


• Provision of form of identity (New Driver’s License, Voter ID card) from client and guarantor(s).


• Proof of residences with utility bills e.g. Water, Electricity etc..


• Collection of post dated cheques from applicant from checked out Bank Account to cover the loan repayment period..


• Two passport size pictures endorsed; name, signature, date from client and guarantor(s).


• Provision of form of identity (New Driver’s License, Voter ID card) from client and guarantor(s).


• Inspection of residences, business places, etc.for client and guarantor(s).


• Bank Statement for the last Six (6) months, from all Bank Accounts of the company.


• Copy of requisite licenses if applicable.