Tuesday, November 22, 2016

Security/ collateral

Posted By: Nayeem Morshed - 4:53 AM
  • Hypothecation over the car (Registration of the vehicle in the joint name of the bank)
  • First party comprehensive insurer.
  • post dated cheque based on the loan tenor.
  • Additional security in the form of personal Guarantee may be spouse/parents or an individual having solvency/income not
  • less than that of the borrower supported by income proof

About Nayeem Morshed

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