Presentation on Home

Loan Documentation

Presented By:
Al-Amin Sharker
Manager
Loan Documentation-Retail
Asset Operations Department.

January 29, 2015

Loan Documentation-Retail

Documentation Process
File Received at Documentation end after
approval from CRM
File Check as per check list & Problems or
documents requirement mail send to
respective ASM/SM.
Documents Receive.
Documents Re-check according to the
requirements.
If all in order make compliance certificate
for create loan account & disbursement.
January 29, 2015

Loan Documentation-Retail

Common Documents for Home

Loan

Original Sanction (CA & FA) Advice duly accept by client.

Both Applicant accurate sign on all pages with property schedule
page.
Is property address match with File, Valuation & all others papers.

BA letter duly accepted by client.

Both Applicant accurate sign on all pages
Do not use Tick & Cross mark.
In 1st page every Applicant has 02 sign, at first in Box and then
below Box.

Valuation Report with Rajuk Plan.

Plan Approval letter.
Fire service & Civil Defense Certificate if the building is
constructed from Seven storied or more
Environment directorate certificate if the building is constructed
from Ten storied or more
Contd.

January 29, 2015

Loan Documentation-Retail

Common Documents for Home

Loan
Legal Vetting with Good Right title & all
submitted photocopy for vetting.
Wanting papers as per legal vetting.
Positive Title Search Report.
Original property Insurance with Money
Receipt.
Latest TIN Certificate (where applicable)
Post Dated & Undated Cheque as per Sanction.
Up to date & Clean CIB Report.

January 29, 2015

Loan Documentation-Retail

HOME CREDIT LOAN Leasehold Property

Original Registered Ownership Deed or CTC of
Registered Ownership Deed along with Original
Discharge Receipt.
Original Sale Permission letter.
Original Mutation Permission Letter issued by the
Authority in favor of the present owner.
Original AC land mutation with DCR.
Original up to date LDTR. (Land Development
Tax / Khajna)
Original up to date NEC. (From today to previous
12 Years)
Original Mortgage Permission Letter from concern
Authority.
January 29, 2015

Loan Documentation-Retail

HOME CREDIT LOAN - Freehold

Property
Original Registered Ownership Deed or CTC of
Registered Ownership Deed along with Original
Discharge Receipt
Photocopy of Lawyer submitted Mortgage Deed and
IGPA along with Original Discharge Receipts
Original AC Land Mutation with DCR as per recent
operation
Original up to date LDTR (Land Development Tax /
Khajna)
All Original Khatians as per legal vetting
Original up to date NEC (From today to previous 12
Years)

January 29, 2015

Loan Documentation-Retail

HOME LOAN (Individual

Seller)-Leasehold (Mortgage to
be
executed)

Photocopy of Lawyer submitted Ownership Deed

and Original Discharge Receipt (CTC of the Deed
may be obtained if available but not mandatory)
Seller sign on the back side of drawing receipt
Preserve photocopy before handover to Register.
Original Indemnity Bond by requiring time to
execute registered mortgage
Witness on proper place
Sign on all pages
Schedule match with legal.
Original NEC
Money receipt
12 years from date to previous year
Schedule match with legal?

January 29, 2015

Loan Documentation-Retail

HOME LOAN (Individual

Seller)-Freehold (Mortgage to
be executed)

Photocopy of Lawyer submitted Ownership

Deed and Original Discharge Receipt (CTC of
the Deed may be obtained if available but not
mandatory)
Photocopy of Lawyer submitted Mortgage
Deed and IGPA along with Original Discharge
Receipts
Original up to date NEC
Money receipt
12 years from date to previous year
Schedule match with legal?
January 29, 2015

Loan Documentation-Retail

Home Loan DeveloperLeasehold (Mortgage to be

Executed)
Photocopy of Lawyer submitted Ownership
Deed and Original Discharge Receipt (CTC
of the Deed may be obtained if available
but not mandatory)
Original TPA by giving stipulated time to
execute registered mortgage
Photocopy of Up to date NEC: NEC with
money receipt and Attested by Respective
person.
January 29, 2015

Loan Documentation-Retail

Home Loan DeveloperFreehold (Mortgage to be

Executed)
Photocopy of Lawyer submitted Ownership
Deed and Original Discharge Receipt (CTC
of the Deed may be obtained if available
but not mandatory)
Photocopy of Lawyer submitted Mortgage
Deed and IGPA along with Original
Discharge Receipts
Photocopy of Up to date NEC: NEC with
money receipt and Attested by Respective
person.
January 29, 2015

Loan Documentation-Retail

10

Home Credit & Takeover

Original Letter issued by the current lender by
mentioning the list of all documents lying with
them.
Seal, Sign & PA number of Letter issuer.
Amount and name of all documents mentioned is correct?
Or not.
Seen / Consent by Head of Lending.
Original Indemnity Bond by requiring time to
execute registered mortgage.
Land owner sign on all pages
Schedule match with legal
Witness on proper place
Original Letter for Deposit of Title Deed duly
signed by the customer (on white paper)
Land owner sign on all pages
Schedule match with legal
Witness on proper place
January 29, 2015

Loan Documentation-Retail

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Home Loan TPA (contd.)

Dully signed TPA
All pages developer seal and sign & Customer sign.
Witness on proper place.
Drafted & composed by seal and sign.
Time frame/Handover & registration period match with
Final Approval.
Schedule match with Legal opinion.
Original Money receipt against customer portion
Revenue stamp on money receipt.
Amount on money receipt match with TPA & Builders letter.
Flat/Apartment number & address match with TPA &
Builders letter.

January 29, 2015

Loan Documentation-Retail

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Home Loan TPA

Original Allotment agreement/Deed of
Agreement
Developer seal & sign and Customer sign.
Witness
Name & Address match with legal.
Original Builders letter
Address/schedule match with legal.
Authorized seal and sign on all pages.
Mentioned if any customer account Credit.
All mentioned amount match with Money
receipt & TPA

January 29, 2015

Loan Documentation-Retail

13

All Fees & Charges

Processing fee : 1.5% of the approved loan amount.

Early settlement charges: 2% within first 5 years,1% after 5 years and onwards.
Partial prepayment charges: 2% within first 5 years,1% after 5 years and
onwards.
Penal interest: 2% per month on overdue amount.
Documentation fee: BDT 500/=
Data verification charge: BDT 600/=
Legal, Title search and property Valuation Charges: BDT 15,000/=
Stamp Charges: BDT 1,150/= incase of PG, per PG BDT 300/= applicable.
Quotation change fee: BDT 1,000/=
Reschedule fee: due to Interest Rate or Tenor Change BDT 10,000/= or 0.25% of
outstanding amount whichever is lower.
Security Replacement Fee: BDT 15,000/=
EMI Date Reschedule Charge: BDT 2,000/=
Additional Stamp Charge: for Leasehold property/Take over/TPA BDT 1,000/=
Legal documents photocopy request: BDT 500/= each time.
Replacement of Joint Applicants or PG charge: BDT 5,000/=
Partial Redemption of the security: BDT 10,000/=
Mortgage Registration Service Charge: BDT 2,000/=

** 15% VAT is applicable on all Fees and commissions as per govt. circular number SRO
117-Law/2002/342-VAT dated June 06, 2002
January 29, 2015

Loan Documentation-Retail

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Process of Second Phase

Disbursement:
Home Loan:
Duly singed BA letter.
Home Credit:
Duly signed BA letter.
Approved Phase Plan.
Second time Valuation Report.
** Both cases mail request require for file
collect mentioned Account number and file
name.

January 29, 2015

Loan Documentation-Retail

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Not to Do vs. Must to Do

Overwriting.
Cross

Must

Mark by using pen.

Tempering.
Wrong Information.
Doubtful documents.

January 29, 2015

be witness with full

introduce.
Attested all photocopy
by Authorized person.
Supported &
Recommended person
seal and sign
Maintain accuracy
incase of static data.
Accurately fill up
Property address page

Loan Documentation-Retail

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