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Corporate Financing » Corporate-Construction Loans
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 Taageer extends Construction loans for the construction of warehouses, commercial buildings. This supports the business growth and expansion of the Corporates / Individuals.
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| Eligibility |
- Small Business Enterprises
- Medium Corporates
- Local Community Contractors
- Corporates
- Individuals
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| Amount |
- Minimum 50,000/- and above
- Finance up to 85% of the cost of the asset
- Repayable between 36 – 60 months
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| Documents |
Individuals :
- Proof of Income – Income from commercial property, 6 months bank statement.
- NID for Omani nationals.
- Municipality approvals & construction plans.
Others :
- CR Copy, Computer Printout.
- Authorized Signatories.
- Chamber of Commerce Registration.
- Bank Statement – 6 months.
- Financial Statement/Contract Copies.
- ID copies of Partners.
- Municipality approvals & construction plans.
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| Criteria |
Depends on Credit appraisal, Cash flows from the construction project / rental assignments
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| Interest |
- Depends on financials of the Enterprise
- Guarantees to be provided.
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| Advantage |
For customers who pay their instalments on time, we offer interest benefits when they approach for new loans.
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