This loan scheme is a product designed to assist well established but registered institutions like public and private schools, hospitals and clinics, hotels, transport unions, credit unions, media houses, etc. to obtain funds for projects and the running of their institutions.
Eligibility
• The institution should be registered and well established.
• The institution must have a certificate to commence business.
• The institution must operate a current account for at least 3 months.
• The institution must operate an impressive account with good turnover.
• The institution must open a savings account
Purpose of Loan
• To acquire a building plot
• To put up building for employees, etc.
• To acquire chattels
• To purchase a vehicle for the institution.
