| Eligibility |
- Small Business Enterprises
- Medium Corporates
- Local Community Contractors
|
| Amount |
Up to a maximum of 75% of the approved government term loans / facilities, subject to a minimum of RO 25,000/-.
|
| Documents |
- CR Copy, Computer Printout
- Authorized Signatories
- Chamber of Commerce Registration
- Bank Statement – 6 months
- Financial Statement/Contract Copies
- ID copies of Partners
- Payment assignment
- Assignment of Credit Facility in favour of Taageer.
|
| Criteria |
75% of asset can be financed Cash flows/project details to support repayment
|
| Interest |
Depends on financials of the Enterprise and cash flows of the project.
|
| Advantage |
Customers with a good payment track record will be eligible for reduced rates of interest as per the Company Policy.
|