Dear Viewers, now we will discuss about the loan and credit documents and documentations in Bangladesh perspectives. Loan documentation refers to a loan where all income and assets are documented. It is typically referred to as a "full doc" loan in the banking industry and is a common type of loan used for financing a home purchase. A list of the various types of loans can be found at loan documentation.
Documents is a written statement of facts evidencing certain transaction covering legal aspects duly signed by the authorized concerned person(s) having legal status.
Documents includes vouchers, cheques, bills, pay-order, promissory notes and securities for leases/ advances and claims by or against the bank or other papers supporting entries in the books of a bank.
Documentation is the execution of documents in proper form and according to the requirement of law. So obtaining of all concerned documents properly and correctly from the particular loanee is called documentation.
Loan Documentation Checklist:
Sanction Letter:
Demand Promissory Note:
Letter of Continuity:
Letter of Arrangement:
General Letter of Agreement:
Letter of Disbursement:
Letter of Undertaking:
Letter of Hypothecation of Goods and Stocks
Letter of Hypothecation of Book Debts & Receivables:
Letter of Disclaimer:
Personal Guarantee:
Registered Mortgage: