PROCESS

1. Name of the Borrower(s):

NOTE
1

2. Address:
Present

Permanent

3. Occupation:

4. Loan Applied for : Rs.22.58 lakhs

( Amount)
5. Purpose:

a) For Repayment of ICICI Bank Housing loan Rs.

3,50,000
b) Repair of House

- Rs.

17,50,000
c) Repayment of Borrowings

Rs. 1,58,000
Rs. 22,58,000

6. Rate of Interest

14% ( Repayment in 84 EMI @ Rs.

42,330
7. Name of the Guarantor

Sri Dushmanta Kumar Dey

S/O Sri Prabodh Kumar Dey
At: Bairam Nagar; PO: Motiganj; DistBalasore
Occupation Transport Business

Page 2 cont.

Page 2
8. Worth of the Borrowers:
a) Dr. Nalini Kanta Swain
Rs.20,89,500
b) Smt. Meenati Swain
Rs.29,66,850

c) Rajesh Swain

Rs.

34,700
d) Rakesh Swain

Rs.

4,54,500

9. Worth of the guarantor :

10.

Rs.58,07,300

Security to be offered ``:

a) Liquid Security

Rs.2,26,000
In shape of NSC, LIC Surrender
Value, MSYC
To be obtained before
disbursement.
b) Collateral Security

Equitable Mortgage to be created

over the property mentioned below:

Mauza

Khata No.

Plot No.

Area

Valuation
Bag Brundaban 250/497
A0.085Dec Lower FS Value
Unit No. 15
Rs.42,50,000

934/20/6

This property is at present mortgaged with the ICICI Bank, Cuttack.

The borrower No.1 Dr. Nalini Kanta Swain had availed a housing
loan in the year 2004 and repaying regularly. After closure of this
loan the property will be mortgaged with us. This mortgage loan will
be utilized for the repayment of ICICI Banks loan.
11.
Brief History: Dr. Nalini Kanta Swain is at present posted as
Reader in Commerce, F.M. Autonomous College, Balasore. He has
acquired good reputation. He is economically sound. He had helped
our branch in mobilizing sizable deposit from F.M. autonomous
College. We are all hopeful of getting more deposits in the future
days. Further he is drawing as per old pay scale. He is expecting
new pay scale within 3 months. By this his salary income will be
about Rs.75,000 -80,000 per month.
12.
Recommendation: Basing upon the above facts, we
recommend this proposal for sanction of a term loan under Kaling
Mortgage Loan Scheme amounting to Rs.22.58 lakhs.

PROPERTY

VERIFICATION

REPORT

We have physically verified the property of Dr. Nalini Kanta Swain

and Smt. Meenati Swain on 3-5-2010. The property belongs to Mouza- Bag
Brundaban, Unit No.15, Khata No. 259/497, Plot No. 934/20/6 ( A0.085
Dec). On this plot a double storied building is constructed. The building is
in a prime location. The valuation report given by the valuer is realistic.
Further we had verified the records from D.S.R., Balasore and
Tahasildar, Balasores Office and found that the records are in order.