All Collections
SAPI Products FAQ Topics
SAPI Loans FAQs
Does a company director have to apply for the loan?
Does a company director have to apply for the loan?
Izzat Basri avatar
Written by Izzat Basri
Updated over a week ago

If you're applying for a loan on behalf of a limited company, a company director or an equivalent authorised individual, such as a UBO (Ultimate Beneficial Owner), is typically required to apply for a loan on behalf of the business. This is because they have the legal authority to make financial decisions and enter into financial agreements on behalf of the company.

In all cases, a director must be present to respond to verification questions and electronically sign necessary documents, including the loan contract.

Additionally, we may request the director to provide ID documents. To facilitate a seamless application process, please ensure that the director is available and has any necessary ID documents ready. You can refer to this list for the required documents.

For any further questions, our team is ready to assist. Feel free to reach out to us for support!

Did this answer your question?