MOST IMPORTANT DOCUMENT
Customer Copy
Dear Sir/Madam,
Thank you for applying for Mortgage Loan (the ‘facility’) from Standard Chartered Bank (the ‘Bank’). The following terms and conditions are an integral
part of our facility offer.
CONDITIONS CATEGORY
Application Procedure
Disbursement Method
Interest Types and
Annual Rates
Processing,
Documentation
and Other Fees
Repayment Method
Penal Interest Rate for
Delayed Instalment/
Contractual Payments
Early Settlement Charge
Partial Pre-payment
Charges
*Conditions apply
STANDARD PROCEDURE
You (the ‘Customer’) will have to apply to Bank for this facility in Standard Application Form, which has to be supported by
required documents on your income source(s), documents of income-generating asset(s) where necessary, and identity.
The facility will be disbursed upon completion of all required documentation and fulfilment of all conditions as
enunciated in the Indicative Offer, subject to your acceptance and signing off on the Indicative Offer. Facility/Loan
disbursement will be proceeded by issuance of Letter of Offer (i.e. Sanction Letter) by the Bank, which will entail
necessary terms and conditions of the facility. In the event the loan is for New Home/Apartment purchase, Bank will
issue Pay Order in favour of the Developer Company or Seller or perform account transfer to their respective account as
stated in the Letter of Offer and/or Tri-Partite Agreement. However, for existing Home/Apartment
renovation/extension, funds can be disbursed to your account. Disbursement of the approved loan can be carried out
in any of the following two methods.
Please tick (√) to indicate your choice:
Full Draw-Down: Entire loan amount will be disbursed at once
Partial Draw-Down: Loan amount will be disbursed in installments
The interest rate is computed on a monthly basis (360 days). Interest rate applicable for this facility is variable. The rate
is linked to the average rate of 182-Day Government Treasury Bill and Bank’s current interest rate matrix applicable for
Mortgage loan, and is published in line with Bangladesh Bank guidelines.
Your Mortgage loan interest rate will be reviewed every 6 months from the date of disbursement, based on the movement
of the average rate of 182-day Government Treasury Bill rates. However, in order to protect from interest rate volatility
arising from fluctuation in Government Treasury Bill rates, and in line with Regulatory Guideline, the rate will be aligned to
what we publish in the interest rate matrix and also report to Bangladesh Bank for the month of re-pricing.
Current Interest Rate: ………................................%
The processing fee for this facility is …….% of the loan amount + applicable VAT on the processing fee.
The processing fee will be collected from you at the time of disbursement of the facility.
In addition, you will be charged CIB fee, Stamp charge, Legal and Valuation fee, and Documentation fee along with
VAT at actual.
The processing fee, CIB charge, Stamp charge, Legal and Valuation fee, Documentation fee, along with applicable
VAT, will be deducted from your nominated account at the time of facility disbursement. The full amount of such fees is
required to be deposited by you in your nominated account held with the Bank before facility disbursement.
Registration cost and any other incidental cost pertaining to the securitization of the financed property will have to be
borne by you at actual. If you change your selected property after we conduct the primary valuation and legal
checking of your property, you will have to bear the cost of any subsequent property valuation and legal checking at
actual.
Loan processing and conversion fee:
If you are willing to convert your existing Mortgage Loan to MortgageOne or vice versa, the applicable conversion fee
is ……% of the outstanding loan amount + applicable VAT on conversion fee.
NOTE: The Bank reserves the right to decline or cancel your Mortgage Loan application at any point of time without
assigning any reason.
Repayment of the loan can be done through Equal Monthly Instalments (EMI) – each EMI will consist of accrued
monthly interest and principal adjustment from your loan outstanding.
2% above the regular interest rate of the loan, as per central bank guidelines
October 2023
• 0.5% of the outstanding amount plus applicable VAT
• 0.5% of the partial settlement amount plus applicable VAT
MOST IMPORTANT DOCUMENT
CONDITIONS CATEGORY
Insurance
STANDARD PROCEDURE
Comprehensive insurance of the property (against fire, earthquake and/or flood and cyclone) for the 1st
year to be completed from any of the insurance company having acceptable risk rating to the Bank. For
the successive years of your remaining facility tenure, you are required to renew the comprehensive
insurance on an annual basis and provide the same (renewed insurance certificate and money receipt) to
the Bank from any of the insurance company having acceptable risk rating to the Bank for an amount not
less than the facility amount and noted the Bank’s interest in the insurance policy prior 15 (fifteen) days of
expiry of the then existing insurance policy (‘due date’). Bank will retain the same upon satisfactory
verification. In the event of non-submission of renewed insurance certificate and money receipt to the
Bank within the due date, Bank will have the authority to insure the property on your behalf by debiting
the required amount from your account.

For Home Loan, you have option to consider availing Mortgage Reducing Term Assurance (MRTA) which
is Life Insurance coverage for your Mortgage Loan from any insurance company having acceptable risk
rating to the Bank. In case you avail MRTA, the outstanding amount of your loan will be covered at the
time of your unfortunate death or permanent total disability.

For MortgageOne you will be allowed to have an Offset Cap up to 25% of Mortgage Loan outstanding
Offset Cap Percentage
from the date of disbursement or conversion (Mortgage to MortgageOne) of the facility. Bank shall have
(Applicable for
the discretion to change this Offset Cap and any changes to the same will be notified with minimum one
MortgageOne Variant
month of prior notice.
Only)
MortgageOne is a linking facility of Mortgage Loan. Please refer to the MortgageOne Facility Terms of
your Mortgage Loan Application Form for further details.

Positive Odd Day Interest (PODI) occurs when the loan booking date and first instalment dates are more
PODI than a month apart. This can also occur in the case of a due date change where, on account of a due
date change, the difference between the last repayment date and next repayment date is more than a
month. You hereby consent to realize PODI from your account.

Negative Odd Day Interest (NODI) occurs where the gap between loan booking date and first
NODI instalment date or gap between last instalment date and next instalment date NODI (in the case of a
due date change) is less than a month. NODI will not be realized from your account.

• Loan Application will have to be reassessed if the facility is not availed within 30 days from the
issuance of indicative Offer Letter. This validity may be extended at the discretion of the Bank.
Other Issues
• Bank reserves all rights to approve or decline a loan application. No prior commitment can be made
on the loan amount or on concessions/discounts from standard Schedule of Charges.

IMPORTANT NOTICE

Monetary transaction between Customer and Bank Official is strictly prohibited and Bank will not be liable for such transactions under
any circumstances.

I/we hereby confirm that I/we have read & understood the above terms & conditions & hereby agree and accept the same.

First Applicant’s Signature Joint Applicant’s Signature

Date: Date:

Name:

Signature of Bank Official Designation:

Telephone Number:
List of Property Related Required Documents
Dear Customer,
The following property related documents are required to complete the legal vetting to your property. Please
forward the following documents or whatever you have collected from your developer/seller to us. After reviewing
your submitted property related documents, we will inform you the status of any further requirement.

For Private/Freehold Land:

1. Ownership Deed (photocopy)
2. Baia Deed, at least last 25 years, if any (photocopy). If necessary, Bank may require Deeds and Documents more
than 25 years old
3. Development Agreement/Joint Venture Agreement with the Land Owner/Developer
4. Power of Attorney (if any)
5. Recent Survey Report (i.e. Math Parcha, duly attested)
6. CS, SA, RS Parcha (PS, BS, RS Parcha – Only applicable for Chattogram)
7. Mutation Parcha with mutation proposal sheet
8. Duplicate Carbon Receipt (DCR) with Mutation Order Sheet
9. Up to date Municipality Tax Receipt
10. Up to date Land Tax Receipt
11. Non-Encumbrance Certificate (NEC)
12. Approval Plan/Layout plan and Approval letter by RAJUK/CDA/concerned authority
13. Such other documents as required by the Bank’s lawyer

For Government/Leasehold land:

1. Lease Deed/Ownership Deed (photocopy)
2. Baia Deed, at least last 25 years, if any (photocopy). If necessary, Bank may require Deeds and Documents more
than 25 years old
3. Development Agreement/Joint Venture Agreement with the Land Owner/Developer
4. Power of Attorney (if any)
5. Power of Attorney acceptance letter from concerned Government Authority
6. Mutation (any one) depending on the lessor of the property
A. Mutation Letter from RAJUK or CDA
B. Mutation Letter from National Housing Authority (NHA)
C. Mutation Letter from Ministry of Works
7. Duplicate Carbon Receipt (DCR) with Mutation Order Sheet
8. Up to date Municipality Tax Receipt
9. Up to date Land Tax Receipt
10. Non-Encumbrance Certificate (NEC)
11. Approved Plan/Layout plan and Approval letter by RAJUK/CDA/concerned authority
12. Such other documents as required by the Bank’s Lawyer

Note: Incomplete documentation may cause delay in processing of your Mortgage Loan
Important notice on property title registration of
Mortgage Loan (property purchase)

Dear valued client,

Thank you for applying for a Mortgage Loan from Standard Chartered Bank.

Please note that if your mortgage loan is disbursed prior to registration of sale deed between you and the
seller (or developer), we would request you to be aware of the following important information for
ensuring your necessary support and adherence:

a. You are requested to execute registration of the sale deed within the timeline mentioned in the
Tri-Party Agreement (TPA) of Letter of Offer. Any delay in executing the registration can cause the
bank to impose penal charges on your account, or to recall the loan, or to take legal action.

b. You are requested to ensure that the property price mentioned in the TPA / agreement between you
and the seller, and the property price mentioned in the Registered Sale Deed are the same and
acceptable as per relevant/ prevailing laws of the country.

c. You must extend necessary cooperation to bank officials to complete registered mortgage of the
financed property within a reasonable time after execution of sale deed registration.

Kindly ensure your support and adherence to the above.

Thank you.

Dear Sir/Madam,
Thank you for applying for Mortgage Loan (the ‘facility’) from Standard Chartered Bank (the ‘Bank’). The following terms and conditions are an integral
part of our facility offer.
CONDITIONS CATEGORY
Application Procedure
Disbursement Method
Interest Types and
Annual Rates
Processing,
Documentation
and Other Fees
Repayment Method
Penal Interest Rate for
Delayed Instalment/
Contractual Payments
Early Settlement Charge
Partial Pre-payment
Charges
*Conditions apply
MOST IMPORTANT DOCUMENT
Bank Copy
STANDARD PROCEDURE
You (the ‘Customer’) will have to apply to Bank for this facility in Standard Application Form, which has to be supported by
required documents on your income source(s), documents of income-generating asset(s) where necessary, and identity.
The facility will be disbursed upon completion of all required documentation and fulfilment of all conditions as
enunciated in the Indicative Offer, subject to your acceptance and signing off on the Indicative Offer. Facility/Loan
disbursement will be proceeded by issuance of Letter of Offer (i.e. Sanction Letter) by the Bank, which will entail
necessary terms and conditions of the facility. In the event the loan is for New Home/Apartment purchase, Bank will
issue Pay Order in favour of the Developer Company or Seller or perform account transfer to their respective account as
stated in the Letter of Offer and/or Tri-Partite Agreement. However, for existing Home/Apartment
renovation/extension, funds can be disbursed to your account. Disbursement of the approved loan can be carried out
in any of the following two methods.
Please tick (√) to indicate your choice:
Full Draw-Down: Entire loan amount will be disbursed at once
Partial Draw-Down: Loan amount will be disbursed in installments
The interest rate is computed on a monthly basis (360 days). Interest rate applicable for this facility is variable. The rate
is linked to the average rate of 182-Day Government Treasury Bill and Bank’s current interest rate matrix applicable for
Mortgage loan, and is published in line with Bangladesh Bank guidelines.
Your Mortgage loan interest rate will be reviewed every 6 months from the date of disbursement, based on the movement
of the average rate of 182-day Government Treasury Bill rates. However, in order to protect from interest rate volatility
arising from fluctuation in Government Treasury Bill rates, and in line with Regulatory Guideline, the rate will be aligned to
what we publish in the interest rate matrix and also report to Bangladesh Bank for the month of re-pricing.
Current Interest Rate: ………................................%
The processing fee for this facility is …….% of the loan amount + applicable VAT on the processing fee.
The processing fee will be collected from you at the time of disbursement of the facility.
In addition, you will be charged CIB fee, Stamp charge, Legal and Valuation fee, and Documentation fee along with
VAT at actual.
The processing fee, CIB charge, Stamp charge, Legal and Valuation fee, Documentation fee, along with applicable
VAT, will be deducted from your nominated account at the time of facility disbursement. The full amount of such fees is
required to be deposited by you in your nominated account held with the Bank before facility disbursement.
Registration cost and any other incidental cost pertaining to the securitization of the financed property will have to be
borne by you at actual. If you change your selected property after we conduct the primary valuation and legal
checking of your property, you will have to bear the cost of any subsequent property valuation and legal checking at
actual.
Loan processing and conversion fee:
If you are willing to convert your existing Mortgage Loan to MortgageOne or vice versa, the applicable conversion fee
is ……% of the outstanding loan amount + applicable VAT on conversion fee.
NOTE: The Bank reserves the right to decline or cancel your Mortgage Loan application at any point of time without
assigning any reason.
Repayment of the loan can be done through Equal Monthly Instalments (EMI) – each EMI will consist of accrued
monthly interest and principal adjustment from your loan outstanding.
2% above the regular interest rate of the loan, as per central bank guidelines
October 2023
• 0.5% of the outstanding amount plus applicable VAT
• 0.5% of the partial settlement amount plus applicable VAT
MOST IMPORTANT DOCUMENT
CONDITIONS CATEGORY
Insurance
STANDARD PROCEDURE
Comprehensive insurance of the property (against fire, earthquake and/or flood and cyclone) for the 1st
year to be completed from any of the insurance company having acceptable risk rating to the Bank. For
the successive years of your remaining facility tenure, you are required to renew the comprehensive
insurance on an annual basis and provide the same (renewed insurance certificate and money receipt) to
the Bank from any of the insurance company having acceptable risk rating to the Bank for an amount not
less than the facility amount and noted the Bank’s interest in the insurance policy prior 15 (fifteen) days of
expiry of the then existing insurance policy (‘due date’). Bank will retain the same upon satisfactory
verification. In the event of non-submission of renewed insurance certificate and money receipt to the
Bank within the due date, Bank will have the authority to insure the property on your behalf by debiting
the required amount from your account.

For Home Loan, you have option to consider availing Mortgage Reducing Term Assurance (MRTA) which
is Life Insurance coverage for your Mortgage Loan from any insurance company having acceptable risk
rating to the Bank. In case you avail MRTA, the outstanding amount of your loan will be covered at the
time of your unfortunate death or permanent total disability.

For MortgageOne you will be allowed to have an Offset Cap up to 25% of Mortgage Loan outstanding
Offset Cap Percentage
from the date of disbursement or conversion (Mortgage to MortgageOne) of the facility. Bank shall have
(Applicable for
the discretion to change this Offset Cap and any changes to the same will be notified with minimum one
MortgageOne Variant
month of prior notice.
Only)
MortgageOne is a linking facility of Mortgage Loan. Please refer to the MortgageOne Facility Terms of
your Mortgage Loan Application Form for further details.

Positive Odd Day Interest (PODI) occurs when the loan booking date and first instalment dates are more
PODI than a month apart. This can also occur in the case of a due date change where, on account of a due
date change, the difference between the last repayment date and next repayment date is more than a
month. You hereby consent to realize PODI from your account.

Negative Odd Day Interest (NODI) occurs where the gap between loan booking date and first
NODI instalment date or gap between last instalment date and next instalment date NODI (in the case of a
due date change) is less than a month. NODI will not be realized from your account.

• Loan Application will have to be reassessed if the facility is not availed within 30 days from the
issuance of indicative Offer Letter. This validity may be extended at the discretion of the Bank.
Other Issues
• Bank reserves all rights to approve or decline a loan application. No prior commitment can be made
on the loan amount or on concessions/discounts from standard Schedule of Charges.

IMPORTANT NOTICE

Monetary transaction between Customer and Bank Official is strictly prohibited and Bank will not be liable for such transactions under
any circumstances.

I/we hereby confirm that I/we have read & understood the above terms & conditions & hereby agree and accept the same.

First Applicant’s Signature Joint Applicant’s Signature

Date: Date:

Name:

Signature of Bank Official Designation:

Telephone Number:
List of Property Related Required Documents
Dear Customer,
The following property related documents are required to complete the legal vetting to your property. Please
forward the following documents or whatever you have collected from your developer/seller to us. After reviewing
your submitted property related documents, we will inform you the status of any further requirement.

For Private/Freehold Land:

1. Ownership Deed (photocopy)
2. Baia Deed, at least last 25 years, if any (photocopy). If necessary, Bank may require Deeds and Documents more
than 25 years old
3. Development Agreement/Joint Venture Agreement with the Land Owner/Developer
4. Power of Attorney (if any)
5. Recent Survey Report (i.e. Math Parcha, duly attested)
6. CS, SA, RS Parcha (PS, BS, RS Parcha – Only applicable for Chattogram)
7. Mutation Parcha with mutation proposal sheet
8. Duplicate Carbon Receipt (DCR) with Mutation Order Sheet
9. Up to date Municipality Tax Receipt
10. Up to date Land Tax Receipt
11. Non-Encumbrance Certificate (NEC)
12. Approval Plan/Layout plan and Approval letter by RAJUK/CDA/concerned authority
13. Such other documents as required by the Bank’s lawyer

For Government/Leasehold land:

1. Lease Deed/Ownership Deed (photocopy)
2. Baia Deed, at least last 25 years, if any (photocopy). If necessary, Bank may require Deeds and Documents more
than 25 years old
3. Development Agreement/Joint Venture Agreement with the Land Owner/Developer
4. Power of Attorney (if any)
5. Power of Attorney acceptance letter from concerned Government Authority
6. Mutation (any one) depending on the lessor of the property
A. Mutation Letter from RAJUK or CDA
B. Mutation Letter from National Housing Authority (NHA)
C. Mutation Letter from Ministry of Works
7. Duplicate Carbon Receipt (DCR) with Mutation Order Sheet
8. Up to date Municipality Tax Receipt
9. Up to date Land Tax Receipt
10. Non-Encumbrance Certificate (NEC)
11. Approved Plan/Layout plan and Approval letter by RAJUK/CDA/concerned authority
12. Such other documents as required by the Bank’s Lawyer

Note: Incomplete documentation may cause delay in processing of your Mortgage Loan
Important notice on property title registration of
Mortgage Loan (property purchase)

Dear valued client,

Thank you for applying for a Mortgage Loan from Standard Chartered Bank.

Please note that if your mortgage loan is disbursed prior to registration of sale deed between you and the
seller (or developer), we would request you to be aware of the following important information for
ensuring your necessary support and adherence:

a. You are requested to execute registration of the sale deed within the timeline mentioned in the
Tri-Party Agreement (TPA) of Letter of Offer. Any delay in executing the registration can cause the
bank to impose penal charges on your account, or to recall the loan, or to take legal action.

b. You are requested to ensure that the property price mentioned in the TPA / agreement between you
and the seller, and the property price mentioned in the Registered Sale Deed are the same and
acceptable as per relevant/ prevailing laws of the country.

c. You must extend necessary cooperation to bank officials to complete registered mortgage of the
financed property within a reasonable time after execution of sale deed registration.

Kindly ensure your support and adherence to the above.

Thank you.