Loan Process

1. STEP 1: PRE-ASSESSMENT & SUPPORT
   MDV’s Origination & Assessment Team will discuss your company’s and project’s requirements and advise the appropriate project and financing structure prior to application. We will also inform of MDV’s application & processing requirements as outlined in Application List
2. STEP 2: PRE-DUE DILIGENCE & DUE DILIGENCE
   Upon completion & submission of Application Form, MDV will conduct an Orientation Meeting, where you will present your company and project to MDV’s Assessment Team and Duly Appointed External Consultants, comprising technology consultants who will assess among others your management and technical team, and legal consultants/firms who will undertake statutory review and assess legal documentation of the relevant contract/project.
   MDV’s due diligence processes may also include interviews and site visits to contract awarder/sponsor and/or suppliers. See listing of MDV panel consultants
3. STEP 3: DECISION
   The due diligence results and assessment will be compiled and presented to an independent financing committee for decision. Within three (3) working days, MDV will issue letter of offer for approved financing applications. You will then have two (2) weeks to accept the terms and conditions.
4. STEP 4: DOCUMENTATION
   Upon acceptance of the letter of offer, you will then execute the necessary legal documentation for the financing, including facilities agreement and security documentation. A Pre-Disbursement Briefing will be conducted to explain MDV’s requirements with respect to drawdown of the facility granted.
5. STEP 5: FIRST DRAWDOWN & DISBURSEMENT
   You will be required to fulfil all conditions precedent and disbursement conditions prior to any disbursement. The solicitors appointed will then issue a release letter confirming that all conditions have been met. The necessary documents will then be required to be presented to MDV to support the drawdown requested.

The following diagram provides an overview of our loan process.

The number of working days for each stage is valid on the condition that all required documentation and milestones for each stage are fulfilled.
* CPs are Condition Precedents