STEPS TO APLLY FOR THE LOAN
STEPS TO APLLY FOR THE LOAN
| Step1: Contact BIFFL |
An aspiring applicant may visit the EE&C Finance team at the BIFFL office to discuss initial eligibility for the loan. |
| Step2: Get Application |
Once BIFFL officials confirm the potentiality the applicant will be handed over an application form and a checklist of required documents. |
| Step3: Submission of the Application and Preliminary Review by BIFFL |
Upon submission of the filled-in application form along with the required documents, the BIFFL officials will review the documents and visit the project site. The applicant may be requested to re-submit some documents if any changes need to be made. |
| Step4: Review by SREDA |
Once BIFFL finds the project eligible for funding, BIFFL will forward the file to SREDA for evaluation of technical eligibility. |
| Step5: Final Review by BIFFL |
BIFFL, upon receiving NOC from SREDA, will perform financial evaluation and other due diligences through reviewing the submitted documents and other information as deemed necessary. |
| Step6: Approval of the Loan |
Once BIFFL is satisfied with the project evaluation and upon confirmation of social and environmental compliance of the loan proposal submitted by the applicant, BIFFL management will approve the loan proposal and issue sanction letter. |
| Step7: Disbursement of the Loan |
Upon acceptance of the sanction letter, loan documentation will be executed & disbursement of loan will be made by BIFFL in favor of the applying company. |