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APPLICATION FOR A MORTGAGE LOAN - PRIVATE

Branch
Vetting Officer
Date
     
  Section 1 (Personal Details)  
     
 
Borrower
Co-Borrower
Title
First names
Surname
Date Of Birth
ID Number
Nationality
Total number of dependants including spouse

 
Marital status
Current residential address
Telephone number (s)
Cellphone number

 

 

Fax number(s)
E-mail address
 
 
 
Section 2 (Details of other Houses)
  
     
1. Do you presently own a house(s)? :
(If yes, please give details as below)
House / Plot No.
Location
Mortgaged
Yes No (*Optional)
Yes No (*Optional)
Yes No (*Optional)
     
If any of your houses are mortgaged, please indicate the details of the institution they are mortgaged to:
 
 
  Section 3 (Employment and Financial Details)  
 
Borrower
Co-Borrower
Current Employer
Address
From :
Job title
Current salary
   
Previous Employer
From :
To :
     
     
     
Details of policies:

1. The Bank may require the cession of a life assurance policy, or participation in an approved mortgage protection scheme in connection with this loan.

2. Details of policies which you are prepared to cede to the Bank :
Policy Number    
Sum Insured
Insurance Company
(*Optional)
(*Optional)
(*Optional)
     
Have you (your spouse or co-borrower) ever been declared insolvent or assigned your estate or reached a compromise with your creditors? :
Yes No
If yes, give details:
Give particulars of any civil judgment or writ of execution given within the past five years against you or co-borrower:
Give particulars of any other financial commitments, e.g. Hire Purchases, Bank Loans, et cetera:
1) Borrower    
Bankers Name
Branch
Account number
(*Optional)
(*Optional)
(*Optional)
2) Coborrower    
Bankers Name
Branch
Account number
(*Optional)
(*Optional)
(*Optional)
   
Section 4 (Loan Details)
   
Amount required
Cash deposit available from own resources:
Net amount of loan required
Repayment period preferred (in years):
Purpose for which loan is required (purchase of assets, working capital, et cetera):
   
Section 5 (Property Details)
   
1. Exact location of property to be mortgaged(Plot number and location):
City / Town:
2. Nature of premises :
Repayment period preferred (in years):
Will you occupy the whole or part of the premises?
If the property is let or is to be let, give details of tenancies (with evidence)
(*Optional)
3. State if freehold or leasehold
Approximate area of land :
Number of storeys
No. and description of rooms
Construction of walls (Bricks, Blocks, et cetera):
Construction of roof (Tiles, Asbestos, IBR, Thatch):
Are roads made up and tarred?
 Yes
4. Name and address of present owner
Telephone Number
5. In whose possession are the title deeds?
   
  Section 6 (Premises to be built or incomplete at time of application)
1 a) Cost of land: K
(*Optional)
b) Architect fees: K
(*Optional)
c) Construction cost/estimated cost of buildings: K
(*Optional)
d) Quantity surveyors’ fees : K
(*Optional)
2. Are plans approved by local authorities ?
Yes
3. Name of Architect/Quantity Surveyor who prepared the plans:
(*Optional)
4. Name of Architect/Engineer supervising construction
(*Optional)
5. What stage, if any, has been reached in construction:
(*Optional)
6. Name and address of builder or contractor
(*Optional)
     
 
Section 7 (Existing Property Details)
 
  NB. This section is to be completed if the premises are complete and ready for occupation.  In all other cases, section 6 should be completed  
1. Has an occupation certificate been granted?
Yes No
  
2. Do you intend to make any structural alterations or additions to the premises?
Yes No
  
3. Services available:
    
 
Sewerage :Mains :
 
 
Water : Mains:
 
 
Electricity: Mains:
 
 
Septic tank:
 
 
Borehole :
 
 
Other:
 
4. State how Bank’s valuer may obtain access:
 
     
  NB The Bank reserves the right to insure the property with an insurance company of its choice and the premiums will be built on to the monthly instalments.  
   
  Section 8 (Additional information)
1. a) Do you have immediate cash resources for legal fees and valuation fees?
b)How much? K
2. Details of current investments with the Bank:
  
Type of Investment
Amount
Account Number
K
(*Optional)
K
(*Optional)
K
(*Optional)
     
   
3. Details of personal references (excluding employers and  bankers).  
   
Name
Occupation
Employer
     
4. If the loan is to be supported by a guarantee, the guarantor should indicate his/her willingness to act by giving the following details:
  
Full names:
Residential address:
Postal address
Telephone number:
   
Section 9 (Declaration)
  

Please read the following carefully before you submit:

I/We declare and agree that:

1.   We are of full age.

2.   All the information given in this Form No. NBS2 is true.

3.  The Bank may make such enquiries including reference to our past and present employer(s) and my banker(s) as it considers necessary.

4.  We will pay the survey/valuation fees and any reasonable costs and expenses required by the Bank in dealing with this application whether or not a loan is received by us.

5.  The payment of survey/valuation fee does not bind the Bank to  make an advance.  This fee is not refundable.

6.  In the event of the Bank making an advance to assist me/us in the purchase/building of the property, the making of the advance will not imply any warranty by the Bank, that the purchase price/building cost of the property is reasonable.

7. We agree that the property shall be insured from the date of the advance with such insurer and for such amount and against such risks as the Bank shall in its discretion deem advisable.

8.   The Bank shall not be bound to make any advance payment to us before the mortgage is registered.

9. We agree to comply with the rules and minimum specifications of the Bank for the time being in force and that we shall be solely liable for any deviation therefrom.

10. We confirm it is clearly understood that the report on the property by the Bank’s Valuer/Quantity Surveyor is confidential to the Bank, is intended solely for the information of the Directors in determining what loan, if any, may be made on the security and that no responsibility is implied or accepted by the Bank for either the value or condition of the property by reason of such inspection and report.

11.  We acknowledge liability for the administration fees and wasted costs incurred by the Bank or its attorneys in the event of our withdrawing from the loan granted.

12.  We declare the foregoing statements and particulars to be true and the same shall form the basis of any arrangement for a loan (if any) made to us by the Bank.

13.  We acknowledge that the Directors are jointly, severally and solidarily liable on the loan both in their official and personal capacities.