About Tender Loan
MTB Bank offers tender loans to support government tenders, covering a percentage of the project value based on the tender amount.
Loan Amount | Loan Tenor | Interest Rate |
Value of Tender Contact’s Maximum 40% |
Tender Contract date | 12% to 14.5% |
Requirements
Basic Personal Documents
- NRC
- Passport Photo
- Household Member List
- Ward Recommendation Letter
Business Documents
- Business license
- DICA certificate of incorporation and company extract, company constitution Resolution, Import/export license.
- BOD Resolution, Company Profile (for exceptional case)
- Receipts of income tax for the last 3 years (if applicable)
- Financial statements for the last 3 years
- Business Plan for Loan Purpose
Collateral Documents
- BCC (copy)
- Grant/ Leasehold Land/ Freehold Land (Copy)
- Contract between with the land owner and contractor
- Sale contract history
- Property Photo (Front, Back, Left, Right)
- Map 105/106 (If the land and building)
Note:
Depending on the purpose of the loan application and the type of business, additional documents may be required