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••• The procedure |
The procedure for obtaining a loan under the UMLP Programme is very simple:
• Go to the nearest participating bank branch and speak with an UMLP loan officer regarding your financing requirements
• Tell the loan officer about your business, and if it meets the Programme's criteria a simple application form must be filled out. Then a time is agreed upon for the loan officer to visit your business.
• Show your business to the loan officer and provide him/her with complete information to confirm your creditworthiness. Discuss mutually acceptable lending terms and conditions. The loan officer will decide upon an appropriate loan amount and loan repayment schedule, which will be proposed to the bank's Credit Committee.
• The loan is disbursed once the Credit Committee approves the loan
• Get your loan and expand your business!
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