The document is a request from a borrower to DHFL to release an installment of their loan for the purchase/construction of a property, stating that the construction has reached a certain stage. It requests that the installment amount be released via cheque/DD made out to the builders/landowners/seller/party to the construction agreement. The borrower also confirms that if the disbursement cheque is not collected, DHFL has the right to cancel it and will not be responsible for any consequences of cancellation.
The document is a request from a borrower to DHFL to release an installment of their loan for the purchase/construction of a property, stating that the construction has reached a certain stage. It requests that the installment amount be released via cheque/DD made out to the builders/landowners/seller/party to the construction agreement. The borrower also confirms that if the disbursement cheque is not collected, DHFL has the right to cancel it and will not be responsible for any consequences of cancellation.
The document is a request from a borrower to DHFL to release an installment of their loan for the purchase/construction of a property, stating that the construction has reached a certain stage. It requests that the installment amount be released via cheque/DD made out to the builders/landowners/seller/party to the construction agreement. The borrower also confirms that if the disbursement cheque is not collected, DHFL has the right to cancel it and will not be responsible for any consequences of cancellation.
Loan Application/ File No ____________________ Borrower Name: _______________________________________ Borrower Nme: ________________________________________ Dear Sir/Madam I/We have been sanctioned a Loan of Rs._________________/- for purchase/construction of the below mentioned property: _____________________________________ _____________________________________ _____________________________________ My/Our Flat/Bungalow/Unit construction has come to upto ____________________________ stage as On ________________ and I/We are satisfied with the progress of work/construction. Hence, I/We request you to release the I/II/III/IV/__ instalment of Rs.____________________by way of Cheque/DD in favour of M/s /Mr/Mrs. ________________________________. &_____________________________&______________________________who are the Builders/Landowners/Seller/Party to construction agreement on the Bank A/c No_________________________ on Bank__________________________ Branch _________________ Also we declare and confirm it that if the said disbursement cheque is not collected by me / builder / vendor. DHFL will have the right to cancel the said cheque after the said date & DHFL will not be responsible for any consequences arising out of the cancellation of the cheque.