Mortgage Loan Application

Transcription

1 Mortgage Loan Application Personal Details: Applicant Name (as per passport): Mr./Ms./Mrs. First name Middle name Last name Date of birth: Marital status: Single Married. of dependents: Children Others Gender: Male Female Qualification: Professional Post-graduate Graduate Under-graduate Residence status: Resident n-resident Nationality:. of years in UAE: Annual rent paid: Current Residential Address & Contact Details Residential address: Road name: P.O. Box: Area/Locality: Telephone nos.: address: Mobile: Home: Home country address: Home country Tel. no.: Name of contact in home country: Relationship of applicant with contact in home country: Personal Details: Co-applicant Name of applicant (As Per Passport): Mr./Ms./Mrs. First name Middle name Last name Date of birth: Marital status: Single Married Qualification: Professional Post-graduate Graduate Under-graduate Nationality: Residence status: Resident n-resident Relation with applicant: About My Occupation: Applicant Salaried (tick) Self-employed non-professional (tick) Self-employed professional (tick) Others (tick) Proprietorship Manufacturing Doctor Retired Partnership Trading Lawyer Housewife LLC Services C.A. Student Multinational Architect Free Zone Co. Branch of foreign Co. Page 1

2 Organisation name: Office address: Office Tel. no.: Department: Designation:. of employees in the organisation: Age of retirement: Monthly income AED: Salary credit date: years (as per contract) Extn. no.: P.O. Box no.: Fax no.:. of years in present organisation: Total number of years in occupation: Other income AED: Co-applicant Salaried (tick) Self-employed non-professional (tick) Self-employed professional (tick) Others (tick) Proprietorship Manufacturing Doctor Retired Partnership Trading Lawyer Housewife LLC Services C.A. Student Multinational Architect Free Zone Co. Branch of Foreign Co. Organisation name: Office address: P.O. Box no.: Office Tel no.: Extn. no.: Fax no.: Department: Designation:. of employees in the organisation:. of years in present organisation: Age of retirement: years (as per contract) Total number of years in occupation: Monthly income AED: Other income AED: Salary credit date: Additional Details for Self-employed Applicants Name of Partners / Directors: Annual sales turnover (AED): Annual net profit (AED):. of years in business: Name of UAE national sponsor: Trade licence no.: Expiry Mail my Correspondence to Applicant residence Applicant office Co-applicant residence Co-applicant office Page 2

3 Product First Sale Resale Refinance Construction finance Property Details Property ownership: Owner 1: Name: Relationship to borrower: Owner 2: Name: Relationship to borrower: Owner 3: Name: Relationship to borrower: Property address: Landmark: P.O. Box no.: Developer name: Project name: Total area: Property type: Villa Flat Studio Penthouse Office Shop/Retail Do you propose to rent this out? Payment schedule (first sale):. Amount Payment date Amount paid by customer Source of funds Resale Details Full Resale Part Resale Full Resale First owner name: Purchase price (as per contract) AED: Resale price AED: Premium amount (if any) AED: Payments in favour of: Part Resale First owner name: Purchase price (as per contract) AED: Resale price AED: Premium amount (if any) AED: Payments in favour of: Page 3

4 About my Loan Requirement Cost of property (as per purchase contract) AED: Loan to value: % Loan Amount AED: Tenure: Rate of interest: Personal Networth (specify details in the comments column) Assets (A) Amount (AED) Bank Country Comments Liquid investments Fixed deposits Shares Savings Investment funds Property Others (please specify) Liabilities (B) Bank liabilities Other liabilities Total liabilities Networth (A B) Additional Information Bank Account details. Name of Account holder Account no. Bank name + branch Current / Savings Banking since Loan Account Details Loan type Bank Name Original loan amount Tenure Monthly installments Loan outstanding Personal loan Auto loan Rent loan Overdraft Others (specify) Page 4

5 Credit Card details Do you have a Credit Card: Card no.: Relationship since Yrs Card expiry Card limit Card no.: Relationship since Yrs Card expiry Card limit Card no.: Relationship since Yrs Card expiry Card limit Reference Name: Name: Address: Address: Tel. (O): (R) Tel. (O): (R) Mobile no.: Mobile no.: Documents Submitted Common Documents: Application form completely filled Passport copy with valid visa page Photocopy of purchase contract Photocopy of down payments receipts Salaried: Salary certificate addressed to Mashreq Last six months bank statements Liability letter from the bank addressed to Mashreq (if any) Credit report (only for non-residents) Bank reference (only for non-residents) Self-employed: Last six months bank statements (personal and company) Liability letter from the bank addressed to Mashreq (if any) Memorandum and articles of association Audited financial statements of last two years Board resolution copy Trade licence copy Copy of Chamber of Commerce registation Business profile Page 5

6 Insurance (Mandatory) Life Insurance : Group life insurance from Oman Insurance Property Insurance : Group property insurance from Oman Insurance Do you have an existing life insurance policy? Name of policy: Do you wish to assign your existing life insurance policy? Existing life insurance polices can only be assigned at loan origination. The assignment of life insurance policy is permitted only if the following conditions are fulfilled: Policy is more than 6 months Policy covers the loan value Policy cover tenure of loan including the construction period Policy is active and insurance premium paid up to date Policy is issued from below mentioned companies Oman Insurance Company Zurich Alico te: All insurance policies will be acceptable only after verification by the Bank. Assignment fees will be applicable to assign existing insurance policies. Disclaimer: I/We hereby declare that either I/we do not have an existing life insurance policy which satisfies the above conditions, or that I/we do not wish to assign a policy which does meet the above conditions. In opting for a Mortgage Redemption Term Assurance (MRTA) from Oman Insurance Company, I/we acknowledge that I/we have made this choice of my/our free will, fully understanding the nature of the coverage offered by the MRTA and how this might differ from my/our existing life insurance policy. I/We confirm that I/we have not received advice from Mashreq or Oman Insurance Company to discontinue my/our existing life insurance policy, or to alter the terms of coverage or other applicable conditions of my/our existing insurance policy. I/We hereby authorize Mashreq to change/transfer the group policy under which I/We are enrolled to the Insurance provider at the bank s discretion. Signature of applicant: Signature of Co-applicant: Page 6

7 Customer Declaration I/We declare that all the particulars and information given in the application form are true, correct and complete and I/we understand and accept that they shall form the basis of any facility Mashreq may decide to grant me/us. I/We confirm that there are no insolvency or bankruptcy proceedings against me/us nor have I/we ever been adjudicated insolvent or bankrupt and further confirm that I/we have read the brochure, terms and conditions applicable to this facility and understood the contents. I/We undertake to inform the Bank regarding changes in my/our occupation/employment and to provide any further information that the bank may require from time to time. I/We further agree that my/our facility shall be governed by the terms and conditions of the Bank that are in force and may be amended by the Bank from time to time. I/We further authorise the Bank to credit all sums received by the Bank or standing to the credit in my/our name jointly or severally to the account if necessary. I/We further agree that the Bank may at its sole discretion reject my/our application without providing any reason and that I/we reserve no right to appeal against the decision of the Bank. I/We read, understood, acknowledge and agree that the Bank may refer my/our name to recognised credit bureaus or referencing agency/ies and/or make such references and enquires as the Bank may consider necessary. I/We hereby unconditionally authorise the Bank to disclose such information relating to my/our credit facility to such parties as deemed necessary at the sole discretion of the Bank. Further, I have understood, acknowledge and agree that a request and demand for any information in any authority under the law will be mandatorily complied with the Bank. I/We hereby agree as a pre-condition of the facility given to me/us by the Bank and that, in case I/we commit default in the repayment of the facility or in the repayment of interest thereon or any of the agreed installments of the facility on due date(s), the Bank will have an unqualified right to disclose or publish my/our name or the name of our company/firm/unit and its directors/partners/proprietors as defaulter. This is to confirm that there are no litigations that I/we/partners/directors are facing which have been initiated by another financier, including banks. I/We shall not hold the Bank responsible for the quality of construction, delay in completion of construction, change in specifications and delivery of the property for which the facility is applied for. I confirm and understand that any monetary payment relating to availing this loan (i.e. fees, charges, etc.) shall be made by me/us through cheques or standing instructions favouring Mashreq or the relevant statuary/government body ONLY. In order to comply with the applicable laws and regulations and for the purposes of (i) getting my /our personal information, (ii) managing my / our account(s) and the transactions entered into by me / us and (iii) executing any product or service subscribed by me / us including but not limited to loans and credit cards, I / We hereby irrevocably and unconditionally agree, consent and authorize the Bank, its subsidiaries, agents and bank s third party service providers, and any others as the Bank may deem appropriate and at its sole and absolute discretion, to:(a) Collect, seek, obtain, confirm and keep updated all information relating to me/us including but not limited to my/our personal details, details of my/our accounts, statements, loans, current and previous credit card, banking transactions, repayment history and any default (the Information ),(b) Disclose and exchange the Information with any government authority and/or quasi government authority and/or private entities, including but not limited to Al Etihad Credit Bureau, or any other third party. I/We undertake to regularly provide the Bank with the requested Information and keep this Information updated as long as I/we shall remain Customer(s) of the Bank. Signature of applicant: Signature of Co-applicants: Please note: An incomplete application form can be rejected and is at the sole discretion of the Bank. Office use only Branch name: Branch code: Submission date to: Sales officer name: Sales officer code: Sales officer signature: Page 7