RE –LENDING LOANS
A loan for co-operative societies to relend their society members.
FEATURES AND BENEFITS
- Maximum Loan limit – Depend on total assets of the society.
- Tenor – Up to 05 years
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
- List of sub borrowers
- 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
