Successful loan application

For contractors or business loans, applicants should give a security that can be kept by the financing company for the duration of the loan. The duration is for the maximum of three months; the interest rate is 7% per month compounded.

The applicant should come with the following:

• Identification, that is, national registration card or passport
• Certificate of incorporation
• The documents of the property he/she wants to pledge i.e. title deed or motor vehicle registration certificate
• For property owned by a Company a resolution and a letter of power of attorney
• A valid comprehensive insurance cover in the case of vehicles
• Bank statement for the last six months for business loans is a must
• For vehicles a post dated letter of sale and client is required to park the Vehicle at our premises till the loan is liquidated.
• Articles or Memorandum of association
• For individual employee clients pay statements for the last Three months may be required

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