What documents do I need to apply for a business loan?
The documents verifying the details of your business.
We may ask for additional supporting documents, depending on:
- The loan purpose
- Any collateral
Is there an extra charge if I repay my business loan earlier?
If you have opted for a floating rate and you pay your loan consistently, you may pay additional instalments or even repay the entire loan amount earlier at no extra charge.
If you’ve chosen a fixed rate, there might be an extra charge for early repayment. To be sure, check the terms of your agreement or book an appointment with a representative at the branch where you took out the loan.
What kind of collateral may be required?
To offer you a business loan, we may ask for collateral.
In the form of a mortgage lien on:
- Commercial property – office, retail store, hotel, warehouse
- Home – house, apartment, housing estate
In the form of pledging:
- Receivables
- Equipment – mechanical or professional equipment, vehicles
- Cash