Procedure for getting a loan
What is the procedure for getting a loan?
- The project should fill out a form provided by Maanaveeya’s office and submit it together with financial statements for the past three years;
- Maanaveeya will conduct a field visit for appraisal and if satisfied will take the proposal forward to the Credit Committee for its approval;
- Once approved, the legal process will start. When all the legal papers are found adequate, the loan amount will be released.