application procedure

Scope of Project

To enable the Bank to promptly assess the eligibility of a project for investment, potential promoters with the assistance of the Bank (if necessary) must submit a series of essential information required for appraising the loan. Information necessary for appraisal include the following:
    
    All projects

• For company loans, the company must provide the name 
    and background of the company shareholders as well as
    For individual applicants their ID card and a passport size 
    photo will suffice as a form of ID.

• Project memorandum covering: (necessary for big loan above
     SR250,000 but not for small loans)
 
   • background of promoters,

• project description,

• marketing detail,

• management and employment requirements, and

• cashflow projection with assumption used.

• Supporting documents for total project cost (proforma
     invoices, quotations from suppliers, building contractors, 
     quantity surveyors, etc..)

• Financing plan for the project.

• DBS loan requirement (maximum 75% of project cost)

• Promoter personal contribution (minimum 25% of project
     cost). Proof of this is to be submitted to the bank.

• Details of security/collateral for the loan including deed of 
     property, valuation ofproperty, etc.

• Existing companies annual report for the past 3 years.

Upon submission of the above information, a loan application will be completed at the bank (internal procedure) and the loan application fee 0.5% of loan amount (maximum SR5,000) will have to be paid.

Scope of Project l Appraisal Criteria l Application Procedure l Application Checklist l Loan Approval l How to Apply