Search

18 February, 2022

Suppose against a loan proposal of your branch, the head office of the bank has sanctioned a loan of taka 1.00 (one) crore against a mixed farm (Agriculture, poultry, fishery and dairy farm). You were advised by head office to disburse the loan after due documentation. Please list down the names of the documents to be obtained from the borrower before disbursement of the loan

1. General Documents

-   Acceptance of sanction letter

2. Charge Documents

-   D.P. Note

-   Letter of Disbursement

-   Letter of Agreement / Arrangement

-   Letter of Undertaking

-   Letter of Installment

3. Hypothecation of Stock & Receivable

-   Letter of Hypothecation on stock of Goods & receivables

- Irrevocable General Power of Attorney (IGPA) to sell hypothecated stock & Receivable

-   Letter of Disclaimer 

4. Lien & Set-Off

-   Letter of Lien

-   Letter of Authority to debit the4 customer account

5. Insurance Policy

-   Valid Original Insurance Policy covering fire risks

-   Original receipt of premium

6. Undertaking

-   No liability with any other bank(s) excepting as declared in proposal

-   The customer shall deposit Sale proceeds in respective Account

7. Guarantee

-   Personal guarantee, spouse guarantee, third party personal guarantee

8. Other Documents

-   Letter of Indemnity to be obtained

-   Undated and post-dated cheques

-   Up to date & Clean CIB report

9. Legal, mortgage and security documents

- Legal Opinion, valuation certificate of branch and third party surveyor of the property

-   Non-Encumbrance Certificate

-   Memorandum of Deposit of Title Deed

-   Duplicate Carbon Receipt, Mutation Khatian

-   Up to date Rent/TAX Payment Receipt

-   Khatian-CS, SA, RS, BS, DP

-   Original title and bia Deeds

-   Mortgage Deed duly registered with District/ Sub-Registry Office

- Registered Irrecoverable General Power of Attorney (IGPA) authorizing to sale the Mortgage Property