WORKING CAPITAL LOAN
General Requirements
- Have successful, uninterrupted operation of the business in the last 6 months;
- Have a collateral asset that is sufficient to back the loan;
- No past due or bad loans at other financial institutions.
Collateral asset
- Residential real estate;
- Commercial real estate;
- Land and real estate.
MAXIMUM LOAN AMOUNT - It depends on the nature, scale and financial capabilities of the business
LOAN INETEREST RATE /MONTHLY/ - 1.6%-1.9%
LOAN INETEREST RATE /ANNUALLY/ - 19.2%-22.8%
TERM - 36 MONTHS
Benefits
We are pleased to offer our business loan to our business customers. The aim of the loan is to help increase working capital for those looking to boost revenue and improve product quality.Flexible loan terms and efficient services await you.
- Business loans are now ofeered for 36 month period, which gives convenience and flexibility for business owners.
- No principal payment for 1/3 of the loan tenure.
- Arig Bank's professional and experienced Care Advisors can give you an offer especially designed for you and your needs.
- The loan approval will take 8 working hours.
- You will not stand in long lines at Arig Bank, and our staff will greet and treat you like a guest to their home.
REQUIRED DOCUMENTATION
- Handwritten letter of loan request with loan amount, loan purpose;
- Filled out loan application form and notarized copy of Personal ID;
- Document related to business;
- Proof of residency;
- Brochure or introduction material from business;
- Loan spending and profitability projection;
- Real estate certificate (original copy), official inquiry of other loans;
- Other necessary documents for loan approval.
