Summary

"this credit service aimed at attending the needs of the veterans who are entitled to the veteran pension"

 
 

BENEFIT:

1. support and empower the economic needs of the veterans and their families.

PERSONAL CRITERIA:

1. Veteran who are entitled to the pension from the Timor-Leste government

2. Veterans who have no obligation


REQUIREMENTS

  • Credit Form (BNCTL will prepare)
  • Color photo can be taken at the Bank
  • Copy of electoral card for applicant and spause (if married)
  • Copy of applicant’s Bank Account details
  • Copy of the record and the database form for the pension
  • Statement from another heir (applicable for multiheir)
  • Statement Letter from the Tribute Commission
  • Cash Flow Projection (BNCTL will prepare)
  • Guarantee: veteran pension

 

TERM AND CONDITIONS:

  • Maximum credit amount is USD 25,000.00
  • Consummative Objetive
  • Maximum duration is 5 (five) years
  • Reimbursement of credit’s principal amount and interest is to be done monthly
  • Guarantee: veteran pension
  • Interest 6% per annum
  • Administrative fee 2% from the credit limit
  • Processing fee USD 10.00- 25.00
  • Sanction 12% per annum

 

form for asuwa'in loan click here