The borrower has first to approach a bank to present the project to be financed by the loan.
Once the bank has accepted the loan application, it submits this application to Kafalat. In addition to bank loan documents, Kafalat requires a completed loan guarantee application form as well as its own set of supporting documents.
Different banks have different policies; a project may be rejected by one bank while accepted by another. Different banks may require different collateral and supporting documents. Kafalat SAL does not interfere in the decision making process at bank level.