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1. Lender Details: Full legal name and address of the lending institution
2. Borrower Details: Full legal name, current address, and contact information of the potential borrower(s)
3. Loan Specifics: Proposed principal amount, interest rate range, and anticipated loan term
4. Property Details: Address and description of the property to be financed
5. Key Conditions: Essential conditions that must be met before proceeding with the final loan agreement
6. Validity Period: Time period for which the letter of intent remains valid
7. Non-Binding Nature: Clear statement that this is not a final commitment and is subject to final approval
8. Next Steps: Overview of the process moving forward and required documentation
9. Signature Block: Space for signatures of authorized bank representative and acknowledgment by borrower
1. Co-Borrower Details: Include when there are multiple borrowers involved in the loan application
2. Special Terms: Any special arrangements or conditions specific to this particular loan situation
3. NHG Guarantee: Include when the loan will be covered by National Mortgage Guarantee (NHG)
4. Broker Information: Include when a mortgage broker is involved in the transaction
5. Early Repayment Terms: Include when specific early repayment conditions are being proposed
1. Appendix A - Required Documentation List: Comprehensive list of documents required for final loan approval
2. Appendix B - Preliminary Cost Overview: Breakdown of estimated costs including interest rates, fees, and charges
3. Appendix C - Property Valuation Requirements: Specific requirements for property valuation and acceptable valuers
4. Appendix D - Income Requirements: Detailed explanation of income verification requirements and acceptable forms of income
5. Appendix E - Standard Terms Reference: Reference to the bank's standard terms and conditions applicable to housing loans
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