Askari Home Finance
YOUR HOUSE CAN
BE YOUR HOME
Documentation & Monitoring of
Mortgage Loans
Documentation for Financing Facility
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Application Form duly signed by the applicant.
Latest Salary Slip
Borrower Basic Fact Sheet (BFS) duly completed
(prior date of CA approval)
Clear and visible photocopy of CNIC duly original
seen and attested by ASM/RSM.
Undertaking for Credit Facilities (CF-1)
Residence Verifications
Office Verifications
2 References plus Verification
Two latest attested passport size Photographs
Last Six Months Bank Statement
KYC Completion
Visit report
SALARIED INDIVIDUALS
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Attested copy of CNIC.
Two passport size photographs.
Copy of the latest paid utility bill received
at the residential address.
Employment confirmation letter from the
employer.
Last three months original salary slip or
attested photo copy.
Last six months bank statement.
Copy of the title documents/other
supporting documents of the property to be
placed with the bank as security.
SOLE PROPRIETORSHIP
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Attested copy of CNIC.
Two passport size photographs.
Certificate from the bank indicating title & account
opening date
Copy of the latest paid utility bill received at the
residential address.
Copy of the latest utility bill received at the
business address.
Last six months bank statement
(business/personal)
Copy of the title documents/other supporting
documents of the property to be placed with the
bank as security.
Copy of the latest income tax return or NTN.
Certificate or other levy-able payment receipts.
PARTNERSHIP
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Attested copy of CNIC.
Two passport size photographs.
Partnership Deed or Bank Certificate indicating title
account opening date.
Copy of the title documents or rent deed of business
premises.
Copy of the latest paid utility bill received at the
residential address.
Copy of the latest utility bill received at the business
address.
Last six months bank statement (business/personal)
Copy of the title documents/other supporting
documents of the property to be placed with the bank
as security.
Copy of the latest income tax return or NTN Certificate
or other levy-able payment receipts.
Basic Finance Documents
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Demand Promissory Note
Buy Back Agreement
Amortization Schedule duly signed by the borrower
Direct Debit Authority
Guarantees
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Personal Guarantee of Borrower / Mortgagor (owner
of asset)
PNWS/Wealth Tax returns for P-Gtee's
Life Insurance
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Comprehensive Insurance Policy covering full value of
Loan Amount with Bank's mortgage clause
Evidence of premium payment and cheque realization
certificate in case premium paid through cheque
Insurance ( Mortgage )
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Comprehensive Insurance Policy covering full value of
Property/securities with Bank's mortgage clause
Evidence of premium payment and cheque realization
certificate in case premium paid through cheque
Others
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Approval
Branch Recommendation
Data Check
Customer Account # Confirmation required for
disbursement of finance.
Latest clean CIB report from SBP (prior date of CA
approval)
Facility Offer Letter duly acknowledged by the Borrower
Sent to Branch
Clear & visible photocopies of the witnesses.
12 / 36 Post dated cheques of Installment Amount
Branch Confirmation for receiving Processing Fee Rs.
6,500/Copy of Pay Order & Payment confirmation Letter
Documentation Required for Financing against
the Purchase of House by Civilians - DHA
• Original Sale / Conveyance Deed in favour of
customer - Branch Undertaking required
• Indenture of License in Form 'A‘ - Branch
Undertaking required
• Indenture of License in Form 'B‘ - Branch
Undertaking required
• Covering Letter of Approved Building Plan - Branch
Undertaking required
• Approved Building Plan - Branch Undertaking
required
• Allotment Letter issued by DHA - Branch
Undertaking required
• Agreement to Sale in favour of Customer - Branch
Undertaking required
• Token Mortgage Deed registered (TMD) for 5% of
Finance Amount - Customer Undertaking Required
• Agreement to create registered mortgaged
• Affidavit by owner of property
• Valuation Report by approved evaluator.
• Building plans
• Non-Encumbrance Certificate (NEC) - Customer
Undertaking Required
• PTM from the relevant authority to mortgage /
prior lenders - Customer Undertaking Required
• Lien Marking Confirmation from DHA - Customer
Undertaking Required
• Possession Letter - Customer Undertaking Required
• Irrevocable Undertaking
• Search Certificate
• Completion Certificate
• Extract from the Land Register issued by MEO showing the
name of previous owner as Lessee.
• Initial Opinion by Lawyer's confirming Clear Title
• Final Opinion by Lawyer's confirming correct execution of
Mortgage Documentation - Branch Undertaking required
• Mutation of the Property in the name of Customer from MEO Customer Undertaking Required
• Mutation of the Property in the name of customer from MEO
• Memorandum of Deposit of Title Deeds (MOTD) for Rs…
• General of Power Attorney registered (GPA)
• Special Power of Attorney (APA) on Rs.500/- Stamp paper
duly Notarized
Documentation Required for Financing against the
Purchase of House by Civilians – Other Than DHA
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Original Sale / Conveyance Deed in favour of
customer
Transfer Letter
Covering Letter of Approved Building Plan Branch Undertaking required
Approved Building Plan - Branch Undertaking
required
Allotment Letter issued by concerned Authority
Agreement to Sale in favour of Customer Branch Undertaking required
Search Certificate
Completion Certificate
Initial Opinion by Lawyer's confirming Clear
Title
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Final Opinion by Lawyer's confirming correct
execution of Mortgage Documentation - Branch
Undertaking required
Mutation of the Property in the name of
Customer from MEO - Customer Undertaking
Required
Mutation of the Property in the name of
customer from MEO
Memorandum of Deposit of Title Deeds (MOTD)
for Rs…
General Power of Attorney registered (GPA)
Special Power of Attorney (APA) on Rs.500/Stamp paper duly Notarized
Token Mortgage Deed registered (TMD) for 5%
of Finance Amount - Customer Undertaking
Required
Agreement to create registered mortgaged
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Affidavit by owner of property
Valuation Report by approved evaluator.
Non-Encumbrance Certificate (NEC) - Customer
Undertaking Required
PTM from the relevant authority to mortgage /
prior lenders - Customer Undertaking Required
Lien Marking Confirmation from DHA - Customer
Undertaking Required
Possession Letter - Customer Undertaking
Required
Irrevocable Undertaking
Original Sub lease
Occupancy certificate issued by KBCA
Search Certificate
PT-10 evidencing payment of up to date property
tax payment
Genuineness of the Property
Documentation Required for Financing against
the Purchase of Apartment
• Original Sale / Conveyance Deed in favour of customer Branch Undertaking required
• Original Sub lease in Favor of Seller
• Occupancy certificate issued by KBCA
• Search Certificate
• NOC from the Association for transfer of Flat
• PT-10 evidencing payment of up to date property tax
payment
• Initial Opinion by Lawyer's confirming Clear Title
• Final Opinion by Lawyer's confirming correct execution of
Mortgage Documentation - Branch Undertaking required
• Memorandum of Deposit of Title Deeds (MOTD) for
Rs…
• General Power of Attorney registered (GPA)
• Token Mortgage Deed registered (TMD) for 5% of
Finance Amount - Customer Undertaking Required
• Agreement to create registered mortgaged
• Affidavit by owner of property
• Valuation Report by approved valuator
• PTM from the relevant authority to mortgage /
prior lenders - Customer Undertaking Required
• Genuineness of the Property
CHECK LIST
1 ASM VISIT REPORT
2 BTF REQUEST ( IF REQUIRED )
3 AUDITED BALANCE SHEET( RS. 10 MILLION OR ABOVE )
4 COMPLETE APPLICATION FORM
5 COPY OF CNIC
6 2 PHOTOGRAPH
7 UTILITY BILLS / GAS/ELECTRICITY/TELEPHONE / ( FOR 2 MONTHS )
8 CHILDREN FEE SLIP (IF ANY)
9 BASIC BORROWER FACT SHEET / CREDIT DECLARATION
10 UNDERTAKING ( IPO & CREDIT DECLARATION )
11 FORMS (KYC & 2 REFERENCE)
12 PROCESSING FEE PAY ORDER IN FAVOUR OF ASKARI BANK LIMITED
13 RENTAL AGREEMENT OF RESIDENCE (IF ANY)
14 LAST THREE MONTHS ORIGINAL PAY SLIP
15 EMPLOYMENT LETTER WITH STATUS OF EMPLOYEMENT AND DATE OF JOINING
16 LAST SIX MONTH ORIGINAL BANK STATEMENT
17 INCOME TAX RETURN FOR THE LAST THREE YEARS
18 BALANCE SHEET FOR THE LAST 2 YEARS (FOR S.E.B)
19 PROPRIETORSHIP DECLARATION ON COMPANY LETTER HEAD
20 BANK LETTER FOR AUTHORIZED SIGNATORY
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PARTNERSHIP DEED (IF ANY)
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ARTICLE OF MEMORANDUM / 29 - ETC
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COPY OF TITLE DEED OF BUSINESS PREMISES OR RENT AGREEMENT
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COPY OF CREDIT CARDS BILL FOR THE LAST THREE MONTHS
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COPY OF THE ALLOTMENT LETTER OF THE PROPERTY
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COPY OF LEASE / SUB LEASE DEED
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COPY OF ALL REGISTERED DEEDS
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APPROVED BUILDING PLAN
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MUTATION / TRANSFER LETTER
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PROPERTY TAX CLEARANCE
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POSSESSION LETTER
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DATACHECK & ECIB REPORT
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EXECUTIVE SUMMARY
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VERIFICATION (PHYSICAL & DOCUMENTS)
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INCOME ESTIMATION (IF REQUIRDE)
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LEGAL OPINION OF THE PROPERTY
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PROPERTY VALUATION
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UP TO DATE SEARCH REPORTS
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CSA
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APPROVAL LETTER TO CUSTOMER
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LIFE INSURANCE
Monitoring of Mortgage Loans
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Normally the banks’ practice is to put on place an
efficient computer based MIS for the purpose of
consumer finance which is able to effectively cater
the needs of consumer financing portfolio and
generates necessary information reports used by the
management / recovery & collection department for
effective monitoring of the banks exposure and
timely recovery of the installments from the
customers through collection and recovery officers.
Delinquency
reports
pertaining
to
30,60,90,120,180&360 days & above are provided to
the management / recovery & collection department
on monthly basis in order to keep in tact with the
customers to recover the monthly installments on
time and to minimize the delinquency.
The strong grip on the newly delinquent account
enable the collection to stop maximizing the overdue
portfolio. Therefore the basic concept should be to
focus those customers who are newly irregular.
THANK YOU!!