According to section 4 of law No. 2019//021 of 24 December 2019 to lay down some rules governing credit activities in the banking and Micro-Finance sectors in Cameroon, all legal persons applying for a loan shall be required to provide to the credit provider, information required to assess their repayment capacity.

A legal person applying for a loan shall also be required to provide to the credit institution details of its financial position, in particular:

  • Balance sheets and profit and loss accounts for the last two years;
  • Balance sheets and projected profit and loss accounts for newly registered companies;
  • Monthly repayment instalments of current loans (mortgage, car loan, consumer credit, etc.);
  • Information on any income relating to investments (rents or financial income);
  • The rent amount including rental charges, for tenants;
  • Building maintenance expenses and property tax, for house owners;
  • The existence of revolving credits;
  • Various taxes and duties;
  • Insurance premiums, including an estimate of those that may be added, should the loan requested be granted;
  • Any other data that may inform the decision of the credit institution.

The credit institution may request any other document likely to inform its decision.

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