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.