ASSET ACQUISITION LOANS
A loan specially designed to aid cooperatives / societies in property acquisition in terms of real estate, land / office premises and condominiums or to establish and open up a new business venture.
FEATURES AND BENEFITS
- A maximum loan amount of up to 75% of the Forced Sales Value of the property, at prevailing interest rates
- Tenor – Up to 07 years
Eligibility criteria
- SANASA societies, Multi-purpose Co-operative Societies, other co-operative societies and registered societies may apply for loan
- The property being acquired must be mortgaged to the bank
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
