Documents Required from Applicants
General Documents for Directors
- CV’s for all directors
- Personal balance sheets for all directors
- Proof of current residential address for all directors : utility bill (i.e. electricity or water or automated alarm)
- Proof of business premises : utility bill (i.e. electricity or water or automated alarm)
- Original/certified copy of Marriage Certificate/ante-nuptial contract/decree absolute (if applicable) for all directors
- Original/certified copy of your Omang for all directors (Batswana) /passport (expatriates)
- Original/certified copy of work and residence Permit/s for all directors (expatriates)
- Bank account details for all directors (to enable us to request Bank reports)
- Past 6 months’ bank statements of the business entity
- Any other additional information considered valuable towards the evaluation of the proposal
Documents for Companies, Partnerships and other institutions
- Business Proposal/plan
- Last three years’ financial statements(audited if possible)
- Latest management accounts
- Monthly cash flow projections for 12 months
- Yearly cash flow projections for 36 months
- Memorandum and Articles of Association (companies)
- Partnership Agreement (partnerships)
- Certificate of Incorporation (companies)
- Constitution (other institutions)
- Resolution to borrow (certified by company secretary)
- Proof of shareholding (Forms 2 + 5)
General Loan Information
- The minimum deposit is 10%
- The lending rate is linked to the Prime Lending Rate
- The Bank will appoint its bond attorneys
- The Bank will appoint its valuers
- The maximum loan term is 15 years. The Bank reserves the right to determine the loan period
- The Bank conducts credit reference checks on the business entity and the directors
- Payments are only effected after registration of the bond
