After borrower/s completed all post approval requirements and documents, the Bank will now issue a Letter of Guarantee (LoG) to Seller/Developer.

Succeeding Steps

For REM accounts

  • Seller and Buyer can now start the Title transfer process.

  • Signed LOG must be returned to Bank together with the original Collateral Documents in order to proceed with the final process which is Loan Booking.

For DOU accounts

  • After authorized signatories completed signing, LOG and Deed of Undertaking (DOU) will be issued directly to the Developer.

  • Bank will only process the releasing of loan proceeds once they received the signed DOU / LOG and original CTS.

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