Import Business Loan

This loan is designed for SME importers engaged in the import of machineries, raw materials, settlement of foreign trade payment or any other import related business or purposes.

Basic Information

Eligibility

• Any legitimate business with three years of operation and at least one year experience in import business.
• Have necessary import related documents.
• Business cash flow to support repayment.

List of some banks which have Import Business Loan product

Required Documents

• Passport size photograph of loan applicant
• Trade license
• TIN certificate
• VAT certificate (if applicable)
• Electricity Bill
• Telephone Bill
• List and total price of fixed asset
• List of creditors
• List of debtors
• Names of employees, salary, post and monthly salary sheet
• Last 1-3 years bank statement
• One year sales report and profit & loss account of the business
• Completed CIB form
• Current customers/clients list
• Photocopy of partnership deed registered with registrar of firm duly attested by notary public (for partnership firm)
• Photocopy of registration certificate duly attested by Notary Public in case of registered firm (for partnership firm)
• Letter of partnership duly signed by all the partners, in case of non-registered firm (for partnership firm)
• Resolution signed by all the partners to open the A/C (for partnership firm)
• Other documents as per bank requirement  & nature of business