SPECIAL PROJECT LOANS
Financial assistance to aid business projects of co-operative society, these loans can be obtained based on the capacity of each society and the nature of the projects.
FEATURES AND BENEFITS
- Maximum Loan limit – Based on total assets & cost of the project
- Tenor – up to 10 years Based on nature of the Project
- Grace period – Up to 06 month depend on nature of the Project.
- Collateral – Depend on nature of the Project.
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 according to the nature of the project.
Required Documentation
- A project report and a feasibility study
- 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
