Askari Home FinanceAskari Home Finance

YOUR HOUSE CAN YOUR HOUSE CAN BE YOUR HOMEBE YOUR HOME

Documentation & Monitoring of Mortgage Loans

Documentation for Financing FacilityDocumentation for Financing Facility Application Form duly signed by the applicant.Application Form duly signed by the applicant. Latest Salary SlipLatest Salary Slip Borrower Basic Fact Sheet (BFS) duly completed Borrower Basic Fact Sheet (BFS) duly completed

(prior date of CA approval)(prior date of CA approval) Clear and visible photocopy of CNIC duly original Clear and visible photocopy of CNIC duly original

seen and attested by ASM/RSM.seen and attested by ASM/RSM. Undertaking for Credit Facilities (CF-1)Undertaking for Credit Facilities (CF-1) Residence VerificationsResidence Verifications Office Verifications Office Verifications 2 References plus Verification2 References plus Verification Two latest attested passport size PhotographsTwo latest attested passport size Photographs Last Six Months Bank StatementLast Six Months Bank Statement KYC CompletionKYC Completion Visit reportVisit report

SALARIED INDIVIDUALSSALARIED INDIVIDUALS Attested copy of CNIC.Attested copy of CNIC. Two passport size photographs.Two passport size photographs. Copy of the latest paid utility bill received Copy of the latest paid utility bill received

at the residential address.at the residential address. Employment confirmation letter from the Employment confirmation letter from the

employer.employer. Last three months original salary slip or Last three months original salary slip or

attested photo copy.attested photo copy. Last six months bank statement.Last six months bank statement. Copy of the title documents/other Copy of the title documents/other

supporting documents of the property to be supporting documents of the property to be placed with the bank as security.placed with the bank as security.

SOLE PROPRIETORSHIPSOLE PROPRIETORSHIP Attested copy of CNIC.Attested copy of CNIC. Two passport size photographs.Two passport size photographs. Certificate from the bank indicating title & account opening Certificate from the bank indicating title & account opening

datedate Copy of the latest paid utility bill received at the residential Copy of the latest paid utility bill received at the residential

address.address. Copy of the latest utility bill received at the business Copy of the latest utility bill received at the business

address.address. Last six months bank statement (business/personal)Last six months bank statement (business/personal) Copy of the title documents/other supporting documents of Copy of the title documents/other supporting documents of

the property to be placed with the bank as security.the property to be placed with the bank as security. Copy of the latest income tax return or NTN.Copy of the latest income tax return or NTN. Certificate or other levy-able payment receipts.Certificate or other levy-able payment receipts.

PARTNERSHIPPARTNERSHIP Attested copy of CNIC.Attested copy of CNIC. Two passport size photographs.Two passport size photographs. Partnership Deed or Bank Certificate indicating title Partnership Deed or Bank Certificate indicating title

account opening date.account opening date. Copy of the title documents or rent deed of business Copy of the title documents or rent deed of business

premises.premises. Copy of the latest paid utility bill received at the residential Copy of the latest paid utility bill received at the residential

address.address. Copy of the latest utility bill received at the business Copy of the latest utility bill received at the business

address.address. Last six months bank statement (business/personal)Last six months bank statement (business/personal) Copy of the title documents/other supporting documents of Copy of the title documents/other supporting documents of

the property to be placed with the bank as security.the property to be placed with the bank as security. Copy of the latest income tax return or NTN Certificate or Copy of the latest income tax return or NTN Certificate or

other levy-able payment receipts.other levy-able payment receipts.   

Basic Finance DocumentsBasic Finance Documents

Demand Promissory NoteDemand Promissory Note Buy Back AgreementBuy Back Agreement Amortization Schedule duly signed by the borrowerAmortization Schedule duly signed by the borrower Direct Debit AuthorityDirect Debit Authority

GuaranteesGuarantees Personal Guarantee of Borrower / Mortgagor (owner Personal Guarantee of Borrower / Mortgagor (owner

of asset)of asset) PNWS/Wealth Tax returns for P-Gtee'sPNWS/Wealth Tax returns for P-Gtee's

Life InsuranceLife Insurance

Comprehensive Insurance Policy covering full value Comprehensive Insurance Policy covering full value of Loan Amount with Bank's mortgage clause of Loan Amount with Bank's mortgage clause

Evidence of premium payment and cheque realization Evidence of premium payment and cheque realization certificate in case premium paid through chequecertificate in case premium paid through cheque

Insurance ( Mortgage )Insurance ( Mortgage ) Comprehensive Insurance Policy covering full value of Comprehensive Insurance Policy covering full value of

Property/securities with Bank's mortgage clause Property/securities with Bank's mortgage clause Evidence of premium payment and cheque realization Evidence of premium payment and cheque realization

certificate in case premium paid through chequecertificate in case premium paid through cheque

Others Others Approval Approval Branch RecommendationBranch Recommendation Data CheckData Check Customer Account # Confirmation required for Customer Account # Confirmation required for

disbursement of finance. disbursement of finance. Latest clean CIB report from SBP (prior date of CALatest clean CIB report from SBP (prior date of CA approval)approval) Facility Offer Letter duly acknowledged by the Borrower Facility Offer Letter duly acknowledged by the Borrower

Sent to BranchSent to Branch Clear & visible photocopies of the witnesses. Clear & visible photocopies of the witnesses. 12 / 36 Post dated cheques of Installment Amount12 / 36 Post dated cheques of Installment Amount Branch Confirmation for receiving Processing Fee Rs. Branch Confirmation for receiving Processing Fee Rs.

6,500/-6,500/- Copy of Pay Order & Payment confirmation LetterCopy of Pay Order & Payment confirmation Letter

Documentation Required for Financing against Documentation Required for Financing against the Purchase of House by Civilians - DHAthe 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 Token Mortgage Deed registered (TMD) for 5% of Finance Amount - Customer Undertaking RequiredFinance Amount - Customer Undertaking Required

• Agreement to create registered mortgagedAgreement to create registered mortgaged

• Affidavit by owner of propertyAffidavit by owner of property

• Valuation Report by approved evaluator.Valuation Report by approved evaluator.

• Building plansBuilding plans

• Non-Encumbrance Certificate (NEC) - Customer Non-Encumbrance Certificate (NEC) - Customer Undertaking RequiredUndertaking Required

• PTM from the relevant authority to mortgage / PTM from the relevant authority to mortgage / prior lenders - Customer Undertaking Requiredprior lenders - Customer Undertaking Required

• Lien Marking Confirmation from DHA - Customer Lien Marking Confirmation from DHA - Customer Undertaking RequiredUndertaking Required

• Possession Letter - Customer Undertaking Possession Letter - Customer Undertaking RequiredRequired

• Irrevocable UndertakingIrrevocable 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 Documentation Required for Financing against the Purchase of House by Civilians – Other Than DHAPurchase of House by Civilians – Other Than DHA

Original Sale / Conveyance Deed in favour of Original Sale / Conveyance Deed in favour of customer customer

Transfer LetterTransfer Letter Covering Letter of Approved Building Plan - Covering Letter of Approved Building Plan -

Branch Undertaking required Branch Undertaking required Approved Building Plan - Branch Undertaking Approved Building Plan - Branch Undertaking

required required Allotment Letter issued by concerned AuthorityAllotment Letter issued by concerned Authority Agreement to Sale in favour of Customer - Agreement to Sale in favour of Customer -

Branch Undertaking requiredBranch Undertaking required Search CertificateSearch Certificate Completion CertificateCompletion Certificate Initial Opinion by Lawyer's confirming Clear TitleInitial Opinion by Lawyer's confirming Clear Title

Final Opinion by Lawyer's confirming correct Final Opinion by Lawyer's confirming correct execution of Mortgage Documentation - Branch execution of Mortgage Documentation - Branch Undertaking required Undertaking required   

Mutation of the Property in the name of Customer Mutation of the Property in the name of Customer from MEO - Customer Undertaking Requiredfrom MEO - Customer Undertaking Required

Mutation of the Property in the name of customer Mutation of the Property in the name of customer from MEOfrom MEO

Memorandum of Deposit of Title Deeds (MOTD) Memorandum of Deposit of Title Deeds (MOTD) for Rs…for Rs…

General Power of Attorney registered (GPA)General Power of Attorney registered (GPA) Special Power of Attorney (APA) on Rs.500/- Special Power of Attorney (APA) on Rs.500/-

Stamp paper duly NotarizedStamp paper duly Notarized Token Mortgage Deed registered (TMD) for 5% of Token Mortgage Deed registered (TMD) for 5% of

Finance Amount - Customer Undertaking RequiredFinance Amount - Customer Undertaking Required Agreement to create registered mortgagedAgreement to create registered mortgaged

Affidavit by owner of propertyAffidavit by owner of property Valuation Report by approved evaluator.Valuation Report by approved evaluator. Non-Encumbrance Certificate (NEC) - Customer Non-Encumbrance Certificate (NEC) - Customer

Undertaking RequiredUndertaking Required    PTM from the relevant authority to mortgage / prior PTM from the relevant authority to mortgage / prior

lenders - Customer Undertaking Requiredlenders - Customer Undertaking Required Lien Marking Confirmation from DHA - Customer Lien Marking Confirmation from DHA - Customer

Undertaking RequiredUndertaking Required Possession Letter - Customer Undertaking RequiredPossession Letter - Customer Undertaking Required    Irrevocable UndertakingIrrevocable Undertaking Original Sub leaseOriginal Sub lease Occupancy certificate issued by KBCAOccupancy certificate issued by KBCA Search Certificate Search Certificate PT-10 evidencing payment of up to date property PT-10 evidencing payment of up to date property

tax paymenttax payment Genuineness of the PropertyGenuineness of the Property

Documentation Required for Financing against Documentation Required for Financing against the Purchase of Apartmentthe 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 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

21 PARTNERSHIP DEED (IF ANY)

22 ARTICLE OF MEMORANDUM / 29 - ETC

23 COPY OF TITLE DEED OF BUSINESS PREMISES OR RENT AGREEMENT

24 COPY OF CREDIT CARDS BILL FOR THE LAST THREE MONTHS

25 COPY OF THE ALLOTMENT LETTER OF THE PROPERTY

26 COPY OF LEASE / SUB LEASE DEED

27 COPY OF ALL REGISTERED DEEDS

28 APPROVED BUILDING PLAN

29 MUTATION / TRANSFER LETTER

30 PROPERTY TAX CLEARANCE

31 POSSESSION LETTER

32 DATACHECK & ECIB REPORT

33 EXECUTIVE SUMMARY

34 VERIFICATION (PHYSICAL & DOCUMENTS)

35 INCOME ESTIMATION (IF REQUIRDE)

36 LEGAL OPINION OF THE PROPERTY

37 PROPERTY VALUATION

38 UP TO DATE SEARCH REPORTS

39 CSA

40 APPROVAL LETTER TO CUSTOMER

41 LIFE INSURANCE

Monitoring of Mortgage Loans Normally the banks’ practice is to put on place an Normally the banks’ practice is to put on place an

efficient computer based MIS for the purpose of efficient computer based MIS for the purpose of consumer finance which is able to effectively cater the consumer finance which is able to effectively cater the needs of consumer financing portfolio and generates needs of consumer financing portfolio and generates necessary information reports used by the necessary information reports used by the management / recovery & collection department for management / recovery & collection department for effective monitoring of the banks exposure and timely effective monitoring of the banks exposure and timely recovery of the installments from the customers recovery of the installments from the customers through collection and recovery officers.through collection and recovery officers.

Delinquency reports pertaining to Delinquency reports pertaining to 30,60,90,120,180&360 days & above are provided to 30,60,90,120,180&360 days & above are provided to the management / recovery & collection department the management / recovery & collection department on monthly basis in order to keep in tact with the on monthly basis in order to keep in tact with the customers to recover the monthly installments on time customers to recover the monthly installments on time and to minimize the delinquency.and to minimize the delinquency.

The strong grip on the newly delinquent account The strong grip on the newly delinquent account enable the collection to stop maximizing the overdue enable the collection to stop maximizing the overdue portfolio. Therefore the basic concept should be to portfolio. Therefore the basic concept should be to focus those customers who are newly irregular.focus those customers who are newly irregular.

THANK YOU!!THANK YOU!!