Mortgage Loan Application Form Page 2
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1
2PERSONAL INFORMATION
PRIVATE PROPERTY TYPE
NAME & ADDRESS OF PROPERTY TO BE FINANCED
RESIDENCE
BUNGALOW
SEMI-DETACHED
FOR RENT
OTHER
APARTMENT
(SPECIFY)
NAME OF PERSON (S) WHO WILL BE THE OWNER (S):
COMMERCIAL PROPERTY TYPE
PURCHASE PRICE
DATE OF PURCHASE
LAND AREA (LANDED PROPERTY)
BUILT-IN AREA
TITLE :
FREEHOLD
______________________SQ M / SQ FT*
____________SQ M / SQ FT*
LEASEHOLD (REMAINING YRS OF __________YRS)
PROPERTY COMPLETED :
YES (ESTIMATED AGE _______ YRS)
OWNER’S OCCUPATION
PROPERTY IS FOR:
NO
INVESTMENT
PROPERTY RENOVATED :
YES, IN YEAR __________ AMOUNT SPENT TZS ____________
VALUATION AMOUNT:
VALUATION FIRM / NAME OF VALUERS
NO
DATE OF VALUATION:
SELLING PRICE TZS________________________________________________ 1ST APPOINTMENT DATE (DD/MM/YYYY):_____________________________
PRIVATE PROPERTY
OUTSTANDING LOAN TZS___________________________________________
RESALE LEVY (IF ANY) TZS_________________________________________
ROPERTY PLEDGED AS SECURITY
WHO SHALL PAY CAPITAL GAIN TAX?_________________________________
FINANCIAL INSTITUTION:
FINANCIAL REQUEST
THE PROPERTY
EXPLAIN BRIEFLY ABOUT THE PROPERTY AND SOURCE OF REPAYMENT (WRITE IN BLOCK LETTERS)
LOAN AMOUNT:
PROPOSED REPAYMENT PERIOD:
FOR RE-FINANCING CASES, PLEASE COMPLETE THIS SECTION
NAME OF EXISTING FINANCIER: __________________________________________________________________________________________ OUTSTANDING TERM LOAN : TZS__________________________
OUTSTANDING HOUSING LOAN : TZS____________________________
CURRENT INTEREST RATE:_______________________%
EXISTING OVERDRAFE LIMIT : TZS_________________________
HOW DID YOU FIND OUT ABOUT OUR LOAN?
BANK / SHOWFLAT / INTERNET*
REAL ESTATE AGENT
DIRECT MAILER / NEWSPAPER / MAGAZINE
NAME (AS PER NRIC) ___________________________________________________
MEMBER-GET-MEMBER __________________________________
COMPANY: _____________________________________________________________
DECLARATION
To The Bank :
1. I/We hereby declare that the information given in this application is true and correct and that I/we have not intentionally or wilfully withheld any material fact
2. I/We hereby undertake to pay all fees in connection with the survey and valuation of the property to be mortgaged, such fees being not refundable regardless of whether the application is approved.
3. I/We undertake to pay any out-of-pocket expenses and/or charges incurred in relation to my/our loan application when my/our loan application is approved.
4. I/We hereby authorise you to enquire from my/our employer(s), for the purpose of this application, any particulars of my/our employment with my/our employer(s) and to obtain and verify such
further information about me/us as you may deem fi t at your discretion.
5. I/We authorise each and every fi nancial institution and credit/charge card issuer with whom I/we have any account(s) and their offi cials to divulge to you any and all information whatsoever
regarding the money or other relevant particulars of my account(s) as you may from time to time request.
6. I/We hereby authorise and give you consent to conduct credit checks on me/us (including but not limited to checks with any credit bureau recognised as such by the Bank of Tanzania (BOT)
and to obtain and verify and/or to disclose or release any information relating to me/us and/or any of my/our account(s) with you from or to any other party or source as you may from
time to time deem fi t at your own discretion and without any liability or notice to me/us.
7. I/We hereby authorise you and give you consent to obtain and verify any information about me/us at your discretion and I/We consent to your disclosure to any third party
information relating to me/us or my/our account, credit facilities and affairs as required by such third party or at your discretion from time to time. This consent and
provision shall survive the termination of any or all of my/our accounts or facilities with you and/or the termination of any relationship between me/us and you for any reason whatsoever.
8. I/We hereby declare that we have not :
(i) received any form of incentives including discounts, rebate or vouchers from the vendor; or
(ii) obtained any loans from fi nancial institutions or the vendor for the purchase of the property to be mortgaged, and hereby undertake to disclose any such amounts, including any private arrangements with the
vendor not refl ected in the purchase price.
9. I/We declare that the property to be mortgaged is not or will not be acquired by me/us by way of gift or unfair preference, or at an undervalue.
10. I/We understand that you reserve the right to decline my/our application without giving any reason(s) or explanation whatsoever.
Date :
Applicant’s Signature
Applicant’s Thumbprint
CHECKLIST
Documentation Pre-approval (Please tick)
Documentations Post- approval
o
Loan application form - required
o
A bank account with DCB
o
Original title deed
ID and residential confirmation – required
o
o
Number of pay slips for employees – at least the latest three (3)
o
Original sales agreement
o
Copy of title deed for property being purchased
o
Letter of introduction from employer
o
Comprehensive insurance of the property
o
Copy of sales agreement / Offer letter from seller
o
Other Banks statement for non DCB customers – 12 months
o
Legal mortgage
3 colored passport size photograph – required
o
o
Audited financial reports
o
Mode of payment agreement
o
Minutes of family meeting authorizing the sale
o
Cash flow projections for the coming year
o
Standing order loan repayment
o
Consent from spouse (if any) authorizing the sale
Valuation report of the property to be purchased
o
Affidavit for non married seller
** This product is underway
This form can be downloaded at:
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