As per CBO guidelines, if the borrowing amount from one Bank/Financial Institution is less than RO 250,000 or cumulatively is less than RO 500,000 the following applies:

  1. Businesses should be operating for over 3 years
  2. Original Bank Statement for last 6 months
  3. Full set of company documents (CR/OCCI)
  4. ID card/ Resident card of partners
  5. Passport copy with visa page (for expats)
  6. Billing details for the last 6 months
  7. Contract copies, if available
  8. Asset Details along with quotations
  9. Valuation in case of used assets
  10. Other terms & conditions may apply

As per CBO guidelines, if the borrowing amount from one Bank/Financial Institution is greater than RO 250,000 or cumulatively is greater than RO 500,000 the following also applies:

  1. Audited Balance Sheet for the last 3 years
  2. Business plans / Project Details
  3. Full set of company documents (CR/OCCI)
  4. ID card/ Resident card of Shareholders, etc
  5. Passport copy with visa page (for expats)
  6. For Vendor & Dealer Finance: Details of the Anchor
  7. Other terms & conditions may apply