BNCTL
“Credit that offers for rural and urban poor, especially for women who are already members of a financial group conducting productive activities”.
This group of woman consist of 4-8 members and each member is required to have a saving in BNCTL as mandatory.
Term & Condition:
LOAN AMOUNT Maximum 25,000.00.
LOAN TERM Maximum 24 months/ per year.
INTEREST RATE 6% per annual (fixed rate).
PENALTY Late payment interest is 12% per annual.
GUARANTEE Any valuable asset or sufficient income payment.
PAYMENT PLAN Weekly loan payment plan.
OTHER COST Administration fees and other costs tax are 1.75% applicable under BNCTL regulations.
Personal Criteria:
1. Demonstrate good personal character, honesty, and accountability.
2. Having business experience.
3. Have a productive business.
4. Always present in the woman's group center (weekly).
5. Agree to have joint liability.
Requirements:
1. Colored photograph 3x4, quantity 1.
2. Copy of the voter's ID card of the applicant and spouse (if applicable).
3. Copy of the applicant's bank account statement.
4. Report of the meeting before mandatory training for members (applies to new clients).
5. Report of the test for group members (applies to new clients).
6. Group establishment report.
7. Interview report with group members.
8. List of existing business items.
9. List of business items to be purchased with the loan.
10. Present additional collateral (group collateral).
“Complete solution for family needs”
Brochure:
“BNCTL likely provides agriculture loans in Timor-Leste, aiding farmers with essentials like seeds and equipment, fostering agricultural growth.”
Benefit:
In short-term loan, the principal payment is based on loan maturity and increase the working capital of agriculture activities.
Term & Condition:
Loan Amount: Maximum of >25,000.00 USD
Loan Term: Maximum of 24 months / 1 year (based on seasonal crop).
Interest Rate: Maximum 7.5% per annum (flat rate).
Penalty: 12% per annum.
Guarantees: Movable and immovable property.
Payment Plan: Installment payments can be weekly, monthly, quarterly and semi-annually.
OTHER COST Administration fees and other costs tax are 1.75% applicable under BNCTL regulations.
Personal Criteria:
1. Demonstrate good personal character, honesty, and responsibility.
2. Must run own farm (rice field, coffee plantation, and others).
3. Must have income or a valuable asset (salary, land certificate, or vehicle registration certificate) as a guarantee.
4. Willing to accept the responsibility.
Requirements:
1. Loan requests or proposals including loan amount and financial activities plan.
2. 1 copy of a color passport-size photo (3x4).
3. Electoral copy for the applicant and spouse (for married person).
4. Fill up and complete the loan application form that is prepared by BNCTL staff.
5. List of agriculture or agri-business groups that are acknowledged by the chief of the group.
6. List of financial costs to perform the agriculture activities (Financial Plan).
7. List of assets and cash flow.
8. A guaranteed loan with movable and immovable property.
9. Observation on the spot report regarding the farm (field and address) that is prepared by BNCTL staff.
“BNCTL offers business loans in Timor-Leste, supporting entrepreneurs with startup or expansion needs.”
Benefit:
To support Timorese enterprise in contributing to the economic development in Timor-Leste.
Term & Condition:
Limited dependent on various business factors.
Revolving maximum 1 year.
Non-Revolving maximum 2 years.
The interest rate is a maximum of 7.5% per annum.
Guarantee additional.
The penalty is 12% for late payment per annum.
OTHER COST Administration fees and other costs tax are 1.75% applicable under BNCTL regulations.
Personal Criteria:
1. Poses good character, honesty, and responsible.
2. Have a current profitable business and is viable (with a long-term perspective).
3. Have an available valid business license from SERVE.
4. Have work experience.
Requirements:
1. 1 copy of a color passport-size photo (3x4).
2. Electoral copy for the applicant and spouse (for married person).
3. Copy of applicant's Bank Account.
4. Business License.
5. List of available business assets.
6. List of assets to be procured or purchased with the credit.
7. Financial report (balance + profit/loss).
8. Additional guarantee.
“BNCTL offers this loan to fund enterprises that are awarded the project contract from Timor-Leste Government, NGO (International and Local), and other institutions to support the operational activities or infrastructure project implementation such as construction including maintenance (road, bridge, building), labor cost, other expenses such as electricity, supplying working equipment, transportation, technology, energy, and other government contracts.”
Benefit:
BNCTL offer this loan to support enterprise especially Timorese citizen to increase the working capital to implement the government project for the national economic development of the country.
Term & Condition:
The maximum loan amount is 65% for construction and 85% for supply.
Interest rate maximum 7.5% per annum.
Maximum Loan Duration 24 months.
Guarantee additional.
Payment will be made according to the value of the project.
Penalty: 12% per annum.
Another administrative fee 1.75%.
Personal Criteria:
1. Demonstrate good personal character, honesty, and accountability.
2. Has a good performance record business or company.
3. A valid business license issued by the Ministry of Commercial and Industry or SERVE.
4. Has previous experience with government-related projects.
5. Funding the individual shareholder company, group, or joint venture.
Requirements:
1. Credit proposal addressed to Dili Branch Manager.
2. 1 copy of a color passport-size photo (3x4).
3. Electoral copy for the applicant and spouse (for married person).
4. Copy of applicant's Bank Account.
5. List of agriculture or agri-business groups that are acknowledged by the chief of the group.
6. A valid company profiles and license authorization.
7. Map of company office location.
8. Copy of a valid project contract with the government.
9. Detail costs and project design.
10. Financial report.
11. Additional guarantee.
Brochure:
Credit Line is a Loan facility that is Offered specially to private Sectors that carry out their business activities or projects throughout the territory of Timor Leste.
Requirements:
1. Credit proposal/request.
2. 1 copy of color passport size photo (3x4).
3. Electoral copy for the applicant and the spouse (for the couple).
4. Copy of Bank Account.
5. Valid company profile;
- License authorization to exercise economic activity (SERE).
- CRC Commercial Registration Certificate (SERVE).
- Certificate of Debts (M. Finance).- Company charter.
- Company structure.
- Company office location map.
6. Copy of valid project contract with the government.
7. Detail costs and project design.
8. Financial statements of the last 3 years (balance sheet + profit/loss).
9. Guarantee additional.
10. List business inventory before credit.
Term & Condition:
The maximum loan amount of 65% for construction and 85% for supply including business working capital will facilitate 65% of the total projected income.
Interest rate maximum 7.5% per annum.
Maximum Loan Duration 24 months.
Guarantee additional.
Penalty: 12% per annum.
Another administrative fee 1.75%.
Line of Credit will facilitate two products such as;
- Business
- Project (Cash loan & Non-cash loan).