Date: 25/05/2022

LOAN SANCTION MEMORANDUM

To,

Puppala Venkatesh

S/o Puppala Ramesh

Sub: Sanction of Educational Loan for Foreign Education.

We are pleased to inform you that your above application for a Loan is sanctioned as under:

1) Loan Amount: Rs.25, 00,000/- (Rupees Twenty Five Lakhs only) which is equivalent to US $
32,204.04@ 77.63/- approx., per US $.

2) Rate of Interest: 11.50% P.A simple till the repayment commence & subject to changes our H.0
guidelines.

3) Purpose: To pursue: Masters in Business Administration at New Haven, Connecticut, USA.

4) Security: EMT of H.NO. 18-13-15/4A, Bandlaguda, Chandrayangutta, Hyderabad in the name of Mr.
Puppala Ramesh (Father) valued at Rs.92 Lakhs.

5) Guarantor: Puppala Ramesh (Father)

6) Disbursement: As per the requirement of the course.

7) Repayment Terms: Within 1 year after the completion of the course or immediately after getting the
employment, whichever is earlier, in 72 Monthly EMIs

8) Other Terms: a) The sanction is subject to getting a VALID VISA from the Appropriate Authority.
b) The loan is subject to Bank's usual terms
c) The loan is classified under "Vidhyasagar Scheme of the Bank"