Self-Employment National Program Inihad Loan Application Form

Self-Employment National Program "Inihad" Loan Application Form

Bank Name:
Beneficiary Name:
Requested Loan Amount:
Beneficiary National ID:
Re-lending Rate:
Loan Tenor:
Collateral Type:
Collateral Value:
Sector to be Financed:
Number of New Jobs Expected to be Created by the Project:
Disbursement Method:
Disbursement Mechanism:
Repayment Method:
Client's Contribution Ratio to Project Financing (if any):
Total Loans Provided under the Program (in Dinars):
Number of Loans Provided under the Program:
Purpose of the Loan:

Commitments
In the event that the loan is approved, we commit to the following:

• Not to use the granted loans for settling existing facilities with us or other banks, or for investment purposes.
• To use the granted loan exclusively for the purpose for which it was granted.
• To repay the due loan installments on their due dates.
• To take all necessary measures to transfer all our rights in any of the guarantees related to the loan to the Central Bank in case of delay in repaying the loan or installments on their due dates.
• To provide any additional information requested by the Central Bank.
• Not to increase the customer re-lending rate throughout the loan period.
• To comply with the requirements and procedures of due diligence in accordance with the prevailing legislation regarding the prevention of money laundering and financing of terrorism issued for licensed banks, including obligations related to screening customer names against international lists related to terrorism and its financing, financing of proliferation of weapons of mass destruction, and the national list of terrorists, when granting loans and financing to your customers under the program. And to provide us with proof thereof when submitting loan and financing requests and when requesting the granting of loans and financing and any of their disbursements.

Authorization
We authorize the Central Bank as follows:

• To debit the value of the granted loan from our current account with you.
• To debit the value of the loan and any accrued interest from our current account on the due dates or upon request by the Central Bank.
• In the event that there is insufficient balance in our current account, we authorize you absolutely to take the following measures:
  • To use any available funds in our other accounts with you to settle the due amounts.
  • To use any government securities or government-guaranteed instruments and/or deposit certificates issued by the Central Bank and available in our portfolio with you to settle the due balance, accrued interest, and any expenses and commissions incurred by the Bank in the collection process.
  • To liquidate the value of the guarantees provided against this loan and bear any commissions and expenses you incur as a result thereof.

Names and Signatures of Authorized Persons and Bank Stamp