CBB offers various loan types for its customers. Here are the loan types and the requirements needed in detail.
1. Working Capital Loan
Requirements 1. Written application
2. Marital status (not applicable for private limited companies)
3. For PLC or share company:
- Registration certificate
- Memorandum of association
- Article of association
4. Trade license
5. Feasibility study (where applicable )
6. Balance sheet
7. Income statement
8. Land holding certificate or lease holding certificate (LHC)
9. Approved site plan
10. Approved architectural plan
2. Residential Loan- Non Resident Ethiopian
Requirements
1. Written application
2. Audited financial statements (if self employed)
3. Latest salary slip (for employees)
4. Passport
5. Letter from employer specifying
- Age
- Salary
- Term of employment
6. Marital status (document should be authenticated by authorized organizations).
7. For construction of new house
- Approved site plan
- Approved architectural plan
- Sanitary plan
- Electrical plan
- Bill of quantity
- Work permit
8. For purchase of existing house
- Approved site plan
- Approved architectural plan
- Purchase agreement
9. LHC
10. Minimum own contribution
- 30% or more of the construction cost or purchase value)
3. Residential Loan for Business Persons
Requirements
1. Written application
2. Marital status
3. Trade license
4. Balance sheet
5. Income statement
6. LHC
7. Approved Plan
- Site plan
- Architectural plan
- Sanitary plan
- Electrical Plan
- Bill of quantity
- Work permit
8. For purchase of existing house
- Approved site plan
- Approved architectural plan
- Purchase agreement
9. Minimum own contribution
- 30% or more of the construction cost or purchase value)
4. Business Construction Loan
Requirements
1. Written application
2. Marital status (not applicable for private limited companies)
3. For PLC or share company:
- Registration certificate
- Memorandum of association
- Article of association
4. Trade license
5. Feasibility study (if deemed necessary)
6. Balance sheet
7. Income statement
8. Copy of land holding certificate or lease holding certificate (LHC)
9. For construction of new building
- Approved site plan
- Approved architectural plan
- Sanitary plan
- Electrical plan
- Bill of quantity
- Work permit
10. For purchase of existing building
- Approved site plan
- Approved architectural plan
- Purchase agreement
11. Minimum own contribution
- 30% or more of the construction cost or purchase value)
5. Residential Loan- Salaried
Requirements
1. Written application
2. Marital status
3. Salary deduction letter includes age, term of employment, gross salary
4. Copy of land holding certificate or lease holding certificate (LHC)
5. For construction of new house
- Approved site plan
- Approved architectural plan
- Sanitary plan (for Ground+1 and above)
- Electrical plan (for Ground+1 and above)
- Bill of quantity
- Work permit
6. For purchase of existing house
- Approved site plan
- Approved architectural plan
- Purchase agreement
7. Minimum own contribution
- 30% or more of the construction cost (or purchase value)
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