SOCIETY LIQUIDITY LOANS
A loan specially designed to aid cooperatives / societies in liquidity & working capital requirements. these loans can be obtained based on the capacity of each society
FEATURES AND BENEFITS
- A maximum loan amount based on the capacity of the society and the requirement
- Repayment in monthly installments at prevailing interest rates
- Loan amount of up to Rs. 20 million with no collateral, subject to the Board Credit Committee and Board of Directors’ approval
- Reviewed annually
Eligibility criteria
- SANASA societies, Multi-purpose Co-operative Societies, other co-operative societies and registered societies may apply for loan
- Suitable collateral will be required to mitigate risk on a case by case basis
Required Documentation
- A duly filled loan application
- Society Registration Certificate
- Copy of the Memorandum and Articles of the Societies
- Certified copy of the resolution of the Board of Directors
- Society Declaration Form
- Signature Card
- No. 12. Edmonton Road
Kirulapone
Colombo 06
Sri Lanka. - 011 5411 411
