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documents
required for loan processing |
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1|
National Identity Card
2| MCB Bank Account
Statement * (for MCB Housing & MCB Campus - refer
to 'note' below)
3| Pay Slip |
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note
that: |
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[if
employed]
salaries
must have been credited on MCB Bank Account for
at least 3 months [the
borrower must produce a written undertaking (form
to be collected at the Bank) from his employer
confirming that his salary and other emoluments
will continue to be credited to that account]
(except for MCB Housing) |
[if
self-employed]
revenue
must be credited on MCB Bank Account for at least
3 months (except
for MCB Housing) |
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[FOR
MCB HOUSING]
Non-MCB
clients should provide: *
1) Last pay slip or employer
letter
2) Bank account statement for the past
6 months
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[FOR
MCB CAMPUS - EDUCATIONAL LOAN]
Non-MCB clients should
provide: *
1) Bank account statement for the past
6 months where the customer's salary is credited
2) Letter from other financial institutions where the borrower has already contracted
a loan confirming:
- amount of principal
- monthly instalment
- date of termination of loan
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documents
required WHEN A LOAN IS SecurED
BY: |
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fixed
deposit [the mcb ltd or finlease co ltd] |
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Original
Fixed Deposit Receipt
[duly
endorsed by the holder in favour of 'The Mauritius
Commercial Bank Limited' in the following terms: "pledged
in favour of The Mauritius Commercial Bank Limited",
followed by his/their signature] |
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fixed
charge |
National
Identity Card of owners
Birth
Certificate of owners
Marriage
Certificate of owners (when applicable)
Divorce
Certificate of owners (when applicable)
Affidavit
(duly registered and transcribed)
Title
Deed (duly registered and transcribed)
Provisional
Title Deed [Projet de vente] (applicable when purchasing
land)
Deed
of Acquittance duly registered and transcribed
(where applicable)
Vente
du droit de surélèvation' (where applicable)
Title
Deed (ground floor) (where applicable)
Réglement
de Co-proprieté (where applicable)
Original
Lease Agreement (if applicable)
Rights
to Lease Transfer (where applicable)
[FOR
MCB CAMPUS - EDUCATIONAL LOAN]
Title Deed (duly registered and transcribed)
Site Plan
Existing Plans of premises for evaluation
Letter of "pari passu" from institution if ever property
already given in guarantee to another institution or
"2nd" rank according to safety margin
"Case hypothécaire"
Borrowers
must
also apply for a property insurance (Fire and Allied
Perils) covering the full replacement value of the property
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floating
charge |
National
Identity Card
Birth
Certificate/s
Birth
Certificate of spouse (where applicable)
Marriage
Certificate (when applicable)
Divorce
Certificate (when applicable) |
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lien
on vehicle |
Horse
Power Certificate
Comprehensive
Risk Insurance Policy Certificate |
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lien
on crop (delegation sucre/tabac) |
Delegation
sucre
Delegation
tabac
Tobacco
Crop Permit |
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shares
/ DEBENTURES / UNITS |
Original
Certificate/s (if shares are unquoted on Mauritius
Stock Exchange)
CDS
Pledge Form CDS6 duly completed and signed by owner
of shares/debentures and his stockbroker
[FOR
MCB CAMPUS - EDUCATIONAL LOAN]
Certificated Shares - the Shares Certificate will
be kept at The MCB Ltd and assigned to The MCB Ltd.
Non Certificated Shares - the Shares must be registered
in favour of The MCB Ltd. at the Central Depository
Settlement through a stockbroker |
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Insurance
Policy |
| Original
Policy Letter
from Insurance Company mentioning 'Surrender Value' |
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bonds
/ treasury bills (bom) |
| Original
Certificate duly endorsed by holder(s) in the following
terms: "pledged
in favour of The Mauritius Commercial Bank Limited" |
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