Co-opBank undertakes to the Beneficiary to fulfill the financial obligations on behalf of the Principal (Co-opBank's customer) in the event that the Principal fails to perform or improperly performs the obligations committed under the letter of guarantee.
The customer has full legal and civil act capacity as prescribed by law and resides within the resides within the operational area of the Co-opBank branch.
The guaranteed obligation is a lawful financial obligation.
The guarantee arrangement is feasible.
Collateral owned by the customer or a third party is provided.
Application Documents for Guarantee Issuance
Written request for guarantee issuance.
National ID / Citizen ID / Passport and proof of residence.
Documents related to the guaranteed obligation.
Documents proving financial capacity and the ability to implement the proposed plan/project.
Documents related to collateral assets.
Other documents as required by Co-opBank.
Competitive guarantee fees
Comprehensive range of guarantee services
- Performance Guarantee - Advance Payment Guarantee - Bid Bond Payment Guarantee - Warranty Guarantee - Other types of guarantees
Flexible collateral arrangements
Simple procedures and fast application processing time
