‘ Page 1 of 3 fe C LOS Application ID - 19862550 ARRANGEMENT LETTER FOR TERM LOAN UN! \TION LOAN SCHEMES To 4) Shrysmykum ‘SHARVARI UNESH PATIL S/O D/O W/O Mr.UMESH SANKARRAO PATIL PRIMARY HEALTH CENTER, PADEL, PHC QUARTERS PADEL-406804 2) Shri/smy/Kum UMESH SHANKARRAO PATIL S/O D/O W/O Mr.SHANKARRAO. PRIMARY HEALTH CENTRE PADEL, AT POST PADEL, TALUKA DEVGAD-416804 eee ae aloa|acn ee area SPECIAL STUDENT LOAN FOR STUDIES IN INDIA LOAN SCHEME TERM LOAN 37,100.00. Teference to your application dated . We have to advise having sanctioned a Term Loan of © '35,37,100.00 to you on the following terms and conditions, AMOUNT IN WORDS : Rupees Thirty Five Lakhs Thirty Seven Thousand One Hundred Only 1. PURPOSE: is sanctioned to you for the purpose of expenses relating to Education of Ms. SHARVARI UMESH PATIL s/w/d of MrUMESH SANKARRAO PATIL for the Course of &68 2. MARGIN : (58.87% ) This margin is on the Education cost of © 5063750/-. The margin should be brought upfront alongwith release of loan ‘amount on pro rata basis. 3, Floating Rate of Interest: 0% above the Marginal Cost of Funds Based Lending Rate(MCLR) which is presently 7.3 % paa., effective rate being 6.8079484 per cent per annum with monthly rests, Simple Interest is to be charged on the oan amount during the moratorium period. Interest will be capitalized and included in the calculation of EMI. Once the epayment of the loan commences, application of interest will be at the monthly rests, * Penal interest @ 2% will be ‘charged for the overdue amount and overdue period.* 2) 0.50% concession in Interest rate for girl students availing Education Loans.(applicable for SBI student loans .Not ‘applicable to SBI scholar Loans and SBI Loan scheme for Vocational Education and training) ') 49% concession in rate of interest to be provided for full tenure of the loan if full interest Is serviced during the ‘moratorium period including course duration. The sald concession is avallable only to those who are servicing the Interest soon after the application of interest fo the loan account but not later than the following month, at present the interest application is being done on the last day of the month (applicable for SBI Student Loans, List "C> under Scholar. Loans and SBI Loan Scherte for vocational Education and Training) 4, REPAYM lof ® 45,590.00, Each EMI with interest ie based on current interest rtes and repayment period, stipted by ne Bank/RB trom te to time, Your lablty tothe Bank wi. be extrgulsed ony whga the customer pertoc, ‘account becomes Nil, on payment of residual smount, i any, iy oy fet ‘aM 5. Inthe event of mr/we fag to repay any/two or more mnatahOAOY ar of) point St SACL aes ANE written reminder oF snake telecal/SMS or cepute an fice to meet me/us personaly, -al he Incidental’ cera appurtenant therelo Sich as postage, telephone/SMS charges, transporatan cterges, on actual, would be recovered from me/us an canine i.) Third party Guarantee : . 11.) Mortgage of property belonging to Mr, UMESH SHANKARRAO PATIL and UMESH SHANKARRAO PATIL Property Details: RESIDENTIAL PROPERTY PLOT NO 17 CS NO 2100 K 209 AT E WARD NARAYAN NAGAR CO OP HSG SOCIETY MAHADIK MAL NEAR RUIKAR COLONY TAL KARVEER KOLHAPUR:5350000 and D-601, SIXTH FLOOR, VIP LEONARA, ADMEASURING 49.86 SQ.MT CARPET AREA, AT S.NO. 40 (2/1)2, 40(2/2)4, https://pbbulos.statebanktimes.in/FinnOneCAS/ReportDynaParam.los 29-08-2020Page 2 of 3 bes 40/3, 41(1)2, 41/4, 42/1, 42(2)A, 42/3, 42/4, 42/5) 42/6, 42/7, 42/9, 42/10, 42/2-B, 42/8, 42/43, 43/4, 43/2/1, 43/2/2, 44/1, 44/2, 45(PART), 46/1, 46/2, 46/3, 46/4, 46/5, 46/6, 46/7, 46/8, 46/9, 46/40, 47/1, 49/2 AND 47/3, AT VILLAGE MAHALUNGE, TALUKA MULSHI, PUNE 2 411045:4058000, Ii.) Len on Bank's TOR/STOR for © 109708 standing in the name of Mr. UMESH SHANKARRAO PATIL and UMESH ‘SHANKARRAO PATIL . Iv) The assignment of future income of the student for payment of instalments* +) Other Collateral Security, if any = — a (Sbelete whichever is not applicable) 6.8 SBI Life Yearly Premium : 0. 7. Security Documents : The following documents will be executed by you before disbursement : fTerm Loan Joreament for Education Loan * Annexure I in respect of Disclosure to CiBIL * Undertaking to intimate change, of Ceeeey Course, ete, ** Further, as the student is minor, the| documents should be executed by the parent / Seereran ‘twice, he. on his own behalf and also on behalf of minor student. In such case, the, student after attending suatity should ratify all these documents by a special letter.(**Applicable only if Applicant is a minor) *** Guarantee oreement & Annexure IL in respect of Disclosure to the CIBIL. (***Appicable if guarantor is avaliable) 6, UTILISATION OF THE LOAN: The amount of the loan shall be utilized strictly for the purpose detalled in the ‘pplication and in the manner prescribed ‘SAINSURANCE: The Property mentioned in the para above shall be insured comprehensively for the market value In the joint names of the Bank and owners. 10, Processing Charges : No Processing Charues. ae ereerst propose to availa loan for studies abroad, you should deposit @ sum € 5000/- (Rupees Five Thousand Only) eon io eer osted against the margin money / interest payable Dy You In respect of the loan. If you fall to avail the vinich thin a period of 4 months of reciept of the sanction letter, you stand to forfeit the amount and shall make no claim in the matter. (Applicable only for studies abroad) 111, PROGRESS OF STUDIES: You should furnish a progress report at the end of every Semester / Annual examination 1 petording an attested true copy of mark sheet /report card. The original thereof may be produced for verification, wherever required. 42, SPECIAL STIPULATIONS = 13, DISBURSEMENT: The loan will be disbursed only on the following conditions 1. The loan will be disbursed In stages as per the requlrements/ demand directly to the Institutions/vendors of fookgjesaipments/instruments to the extent possible. You will be Fequired to produce bils etc., in original for bank's record evidencing utilization of proceeds of the loan. IL Title of the property proposed to be mortgaged is clear, absolute, unencumbered and marketable to the satisfaction te the bonk’s soctor and a valid mortgage has been created in favour of the Bank (if applicable). i, All the security documents prescribed have been executed by you/co-appiicant(s)/guarantor(s), Iv. The Borrower shall provide an undertaking in the form required by the Bank that no consideration has Deen/shall be fiat the guarantor/s in respect of the guarentee to be executed in favour of the Bank for securing the facilities ‘ranted herein. ** (** Applicable in respect of advances which are secured by guarentee ) “The loan is also subject to other terms and conditions that may be prescribed by the Bank from time to time and in the documents executed In connection with the loan. Please retum the duplicate copy of this letter duly signed by you and the Guarantors In token of having read, reas re and accepted the terms and conditions mentioned in this letter and those contained in the various Uocuments executed for the purpose within a period of 30 days from the date ofthis leter: Yours faithfully, https://pbbulos.statebanktimes.in/FinnOneCAS/ReportDynaParam.los 29-08-2020age 9019 jer Manager Terms and cos tn tGad afd HRB OA Collages We agree tothe terms and conditions set out in this ltr. cane 3008 en ER ye yo puorert Shc ao SIGNATURE Qin SHARVARI UMESH PATIL yt SHARVAR! Unt BenTER, PADEL, PHC QUAARTERS PRDEL-406804 Borrower ‘This is a system generated printout. Any Insertion/change should be duly authenticated. bttps://pbbulos.statebanktimes.it/FinnOneCAS/ReportDynaParam los 29-08-2020