Security of Loans

*

Mortgage/Hypothecation of Land, Building and Machinery.

*

Personal guarantee of the directors/shareholders.

*

100% Share Certificates of the sponsoring directors/shareholders.

*

Additional collaterals, where necessary

*

In case of rented premises fixed assets equivalent to 50% of the loan amount

*

For Partnership and Proprietorship business concern 2 times security (FACR=2.0).

Project deposit:
After sanction of loan the borrowers have to deposit 8% of equity (5% before agreement & 3% before opening of L/C), which will be released as per terms of the sanction letter.

Fees required to be deposited with the bank for new loan:

*

Documentation fee

*

Charge filling fee

*

100% share certificates issued in the name of the sponsoring directors/shareholders of the company

*

Instrument of Blank shares Transfer Form-117 duly signed by each of the director/share holder of the company.

Documentation required for, other than new loan case, are:

*

Additional loan

*

Charge filling fee

*

Change of Director

*

Change of Management

*

Change of Project Location (land)

*

Collateral security

*

Underwriting

Documents/papers to be Submitted after sanction of loan and for documentation of loan agreement

1.

Water/soil test report (if required)

2.

Final layout plan of the factory and other buildings with details structural drawings, cost estimates, etc.

3.

Final layout plans of the machinery;

4.

Copies of guarantee from the supplier for satisfactory performance of machinery

5.

Copy of agreement with the supplier of machinery for providing erection engineers/technicians (if required);

6.

In addition to the supervision and monitoring of the project by the banks official, the bank will depute professional experts for a particular period of time. The sponsors shall submit an undertaking to the feffect that the salaries & allowances for the deputed professional will be borne by them.

7.

When land/land with structures thereon are required  to be mortgaged with bank, the sponsoring companies/firms are to be submit  the following papers according to its status.

(a) Private Land (Primary/Additional/Collateral/Security):

*

Title deed in respect of the land

*

Mutated Khatian of parcha;

*

Up-to-date rent receipt;

*

Non-encumbrance certificate with search of records for the last 12 years.

*

Bia-deed, Bia-Khatians etc. in respect of the project land for chain of possessions for the last 12 years;

*

Approved site plan showing location and boundaries;

*

Blue prints; and

*

Mutation certificate

(b) RAJUK, KDA & BSCIC Lands;

*

Allotment Letter;

*

Possession Delivery certificates;

*

No. objection certificate to create mortgage in favour of the Bank;

*

Lease deed duly registered’

*

Evidence of payment of purchase price; and

*

Site plans

(c) Project land acquired by Govt./Govt. Khash land Allotted to the company;

*

Acquisition Order

*

Requisition Order

*

Letter of Allotment

*

Possession Delivery Certificates;

*

No Objection Certificate to create mortgage in favour of the Bank;

*

Lease deed duly registered; and

9.

The sponsoring companies are also required to submit the following papers/documents

1.

Private/Public Limited Company

(a)

Certified copy of Memorandum & Articles of Association

(b)

Certified copy of Incorporation/commencement of business of he company

(c)

Certified copy of the return of allotment of shares, if any

(d)

Certified copy of summary of share capital

(e)

Certified copy of share transfer deed, if any

(f)

Permission from the controller of Capital Issues for raising paid-up capital where applicable

(g)

Auditors certificates regarding the paid-up capital of the company;

(h)

100% share certificates of the directors along with blank share transfer Instruments; and

(i)

Any other papers/documents as may be necessary based on the terms and conditions of sanction of loans.

2.

Partnership Concern:

(a)

Deed of partnership

(b)

Trade License

(c)

TIN

(d)

Audit report

(e)

Tenant Agreement, if applicable

10.

‘NOC’ from Rajuk/Municipal Authorities for setting up the project on land within their area

11.

‘NOC’ from  BSCIC authority for project to be set-up at BSCIC Industrial Estate;

12.

‘NOC’ from BPDB/DESA/BPS/TGT&D

13.

‘NOC’ from Department of Environment Pollution Control, where applicable;

14.

‘NOC’ from the Director, Drug Administration(for pharmaceuticals project only).