Presentation

SFIL's

HOME Prepared By:

Md. Mukul Hossain
FAVP & In-Charge,
Retail-Mortgage

LOAN
 Flat
Purchase
Loan

Registra Building
Loan Purchase

Types of
Home Take-Over Home Construction
Loan Loan Loan
Loan base
on Purpose
& Utility Com. Space
Purchase Home Equity
Loan
Land
Purchase
Loan
 Main Purposes of Home Loan

For Purchase: For Development: For Assistance:

• Apartment/Flat • Extension of existing • Registration of
Purchase property Property
• House/Building • Construction of fresh • Take-over of Existing
Purchase property Loan
• Commercial Space • Re-construction • Renovation
Purchase • Renovation
• Land Purchase • Real Estate Project
Mode of Primary
Collaterals

Registry Mortgage (RM)

Registered Sale Deed (RSD)

Tripartite Agreement (TLA)

Alternative Security

Interim Security

Tagging with Existing

Security
 Basis of Home
Loan

Additional Settlement
• Registered Mortgage
Security • Through PDC
Option
• Tripartite Agreement • DDI (Direct Debit
• Personal Guarantees • Partial pre-payment
(TLA) Instruction)
• Cash Security (lien • Foreclosure
• Equitable Mortgage • Payment Instruction
FDR) • Mortgage Redemption
• Corporate Guarantees
Primary • Stock lien Mode of
Collaterals Repayment
 Home Loan Process Flow
Documents Received from client & Developer

CIB Report Credit Documents Legal Documents Developer Approval

Bangladesh Bank Credit Dept. Legal Dept. Credit- Technical

CEC/EC/Board

Declined Approved

Operation Department

Disbursement
 Business Department
• Finding out prospective clients
• Informing about home loan Features & Procedure
• Collecting all the required documents from the clients

Credit Department
• Screening all documents, initial evaluation clients capability & proposition
• Verification of contact points and client's declared information
• Apprising the clients based on intention, capability, obligation & assets backup
• Sanctioning the loan proposal

Legal & Technical Department

• Screening and vetting the submitted legal documents
• Providing Legal Opinion and declaring pending documents
• Physical verification of mortgage asset, valuation of property & declaring deviations

Customer Service Department

• Completion of pre-requisites of disbursement
• Confirm the execution of property registration with receiving SRO or execution of TPA
• Disbursement of loan
Eligible Service Holder
Segments Professionals

Self Employed Person

Landlords

Business Persons

Non Resident Bangladeshi

Corporate House
 Client
Categorization

Segment
Segment A
C& D
&B

 Large Local Corporate

 Doctors  Salaried executives of NGOs,
 Professionals Local Corporate
 Salaried Professional  Small Businessman
Accountants  NRB established
 Employees of UN organization, businessman
International NGOs  Landlord
 Established Businessmen  Businessman (Mid & Small
 Employees of semi- segment)
government /autonomous
organizations
 Overview on Product Policy Guideline (PPG)
Particulars Segment A & B Segment C & D
Minimum Age: 23 Years Minimum Age: 23 Years
Age Limit Maximum Age: 65 Years Maximum Age: 65 Years

Service holder & Professional : 24 Months Service holder : 24 Months

Experience Govt. Service holder : 6 Months Businessman : 36 Months
Businessman : 36 Months Landlord : Nil
Maximum Loan Tenure Minimum Tenure : 1 Year Minimum Tenure : 1 Year
Maximum Tenure : 25 Years Maximum Tenure : 15 Years
Com. Space purchase : 7-12 Year Com. Space purchase : 5-10 Year

Eligible LTV
Construction : 85% Construction : 80%
Flat Purchase : 80% Flat Purchase : 70%
Home Equity : 70% (Max: 30 lac) Home Equity : 70% (Max: 30 lac)
Land Purchase : 50% Com. Space Purchase: 50%
Com. Space Purchase: 60-70%
Eligible DBR NI up to 1 Lac : 45% NI up to 1 Lac : 40%
NI in-between 1-2 Lac: 50% NI in-between 1-2 Lac: 45%
NI Above 2 lac : 55% NI Above 2 lac : 50%
 Exclusion List
CLIENTS, WE DON’T WANT TO ON BOARD OUR PORFOLIO
 PEPs (Politically Exposed person)
 Journalists or Person involved in Mass Media
 Lawyers or Law professionals
 Employees of law enforcement authorities
 Manpower Agent & Travel Agent-ticketing agents
 Transport Business (Public)
 Insurance Agents
 Contractors
 Construction Materials Business/ Supplier
 C & F Agents
 Stock Brokers
 LMF Doctors
 NGOs (less than 10 years experience)
 Buying House (Annual PRC less than $ 1 million in last 2 years)
 Indenting Firm (Annual Turnover less than Tk. 2 million last 2 years and less than 5 years
Experience)
 Employees of RMG, Merchandiser, Buying house (without profession educational
qualification and less 7 years experience)
Basis of Eligibility for applicant or co-
applicant
 Nature of Profession
 Age
 Qualifications
 Experience
 Social Status
 Monthly income
 Family members & other dependents
 Monthly expenses
 Other obligations
 Savings habit
 Attachment with the property
 Quality of Asset
 Value of the immovable property
 Types of Land according to Land Authority
Private Land
Title Deed of Present Owner
Mutation of Present Owner
Bia Deeds
Khatians (CS. SA, RS, DCJ)
POA in favor of Developer
Agreement between Developer & Landlord/s
Updated Land Tax
in Dhaka City
Leasehold Land
Title Dead of Present Owner
Mutation of Present Owner
Bia Deeds
POA in favor of Developer
Agreement between Developer & Landlord/s
Updated Land Tax
Permission Letter for sales, mutation, construction
from relevant Authority
 Leasehold Authorities in Dhaka City
& Area Distributions
1. National Housing Authority (NHA): 3. Rajdhani Unnayan Kartripakkha
(RAJUK) :
i. Lalmatia Housing Estate
i. Banani Model Town
ii. Mohammadpur Housing Estate
ii. Gulshan Model Town
iii. Mirpur Housing Estate
iii. Uttara Residential Model Town
iv. Rupnagar Housing Estate
iv. Baridhara Residential Model
2. Ministry of Housing & Public Works Town
(MHPW):
4. Dhaka Cantonment Board (DCB) :
i. Dhanmondi Residential Area
ii. Khilgaon Rehabilitation Zone i. Mirpur DOHS
iii. Motijheel Commercial Area ii. Mohakhali DOHS
iv. Dilkusha Commercial Area iii. Mohakhali New DOHS
iv. Baridhara DOHS
Technical Documents
• Approval Letter on Building Plan from RAJUK, other authorities
• Copy of Approved Building Plan/Layout
• Building Construction Permission from relevant housing
authorities (NHA, MHPW, RAJUK) for Leasehold Land
• Occupancy Certificate from IAB, IEB or RAJUK land in Dhaka
• Height Clearance Certificate from CAAB
• Fire NOC from DFSCD for high rise building
• Environment Clearance Certificate
• Project Brochure (Developer Case)
 Major Analytical Ratios
Details of Ratios Format of Ratios
Loan Amount
LTV (Loan to Value Ratio)=
Value of Asset
Total Monthly Payable EMI and Interest
DBR (Debt Burden Ratio)=
Total Monthly Net Income
Total Family Obligation (EMI & Expenses)
FOIR (Forced Obligation to Income Ratio)=
Total Family Net Income
Payable Installment (EMI)
IAB (Installment to Average Balance Ratio)=
Total Monthly Average Balance
Payable Installment (EMI)
ICT (Installment to Credit Turnover)=
Monthly Average Credit Turnover
MAB=Monthly Average Balance MACT=Monthly Average Credit Turnover
Remarks
Verified value is always been considered
market verified value not quoted value
Total payable EMIs and Interest paid and
total income by applicants will be considered
Total obligation means total loan burden,
family & asset maintenance expenses
Installment refers EMI payable against
applied loan
Installment refers EMI payable against
applied loan
 Doable at the point of Handover of the sanction letter
 Obtain acceptance from the customer on office copy
 Collect cheque of processing fees, legal and vetting fees
 Before disbursement , fees should be liquidated in SFIL's A/C
 Collect cheque of property insurance premium
 As per ICC, no gap is allowed between disbursement date and insurance coverage start date
 Fix agreement signing date with customers
 Inform the customer about persons (Co-applicants & PGs) required to be present at the time of agreement
signing
 Inform the customer about the documents to be submitted at the time of agreement signing
 Original money receipt against equity payment
 Original allotment letter/agreement
 Original Title deed and Bia-deeds.
 Original Mutations and Khatians with upto date land tax
 Inform the customer about cheques required on or before agreement signing to effect the disbursement for
the following purposes:
 24 PDCs Or 6 PDCs with DDI form signed
 2 UDC as Security Cheques amounting total principal and total interest
 Pre-requisites of Disbursement of sanctioned HL
Cross Check the followings:
 Clean CIB
 All charge documents signed by Applicants & Personal Guarantors
 All witness is signed properly, PGs should be witness at Charge documents and Applicants should be witness at PG
Agreements
 All photographs (whether properly attested: Photos of Applicants must be signed by themselves and attested by RM,
Photos of PGs must be attested by Applicant and RM)
 Legal Vetting (Good right)
 Receiving of original copies of Title Deed, Mutation, Bia Deeds, all Khatian, updated land tax and other documents as
declared in vetting report
 All required Cheques (PDCs, UDCs, DDI & others if applicable)
 Confirmation of liquidation of Processing fees & Legal vetting charges
 Status of borrowers’ equity (Original Money Receipts and Builder's letter)
 Finalization of Draft of Sales Agreement (Title Deed)
 Signing of Mortgage Deed & IGPA (POA)
 Execution of registration of property in favor of Applicants or Tripartite Agreement among Developer, Financer &
Applicants
 Any special instruction in CEC/sanction conditions
 Signature on back page of SRO receipts

If OK, proceed with disbursement.

 Formalities for execution of Mortgage
Before fixing the mortgage execution date following points are to be discussed:
Mandatory Docs in ORIGINAL to be place before sub-registrar:
Private land:
1. E-TIN certificate with copy of updated return
2. City Jorip Khatian
3. Mutation Khatian from City Jorip
4. Land Tax Receipt
5. Duplicate Carbon Copy (DCR)
6. Passport Size color Photograph of mortgagors
For Leasehold land (In addition to the above documents):
7. Sale permission from the concerned authority
8. Mortgage permission from the concerned authority
Submit the followings to SFIL to effect the mortgage:
1. Draft copy of sale deed
2. Copy of Mutation Khatian from City Jorip
3. Cheque against mortgage execution fees
MORTGAGE
Placing mortgage request to Operation Department r and confirm the mortgage date and time
 Preparation of mortgage deed
Now lets see what documents are required to apply for SFIL's Home
Loan !!!
Any Question?
Thank you