TRANCHE-EM!

REQUEST LETTER

From

Address:

Date

To,

HDFC BANK LIMITED

Dear Sirs,

Sub. : "Tranching of EMI" scheme

Ref. : Loan Agreement dated for loanamount of
Loan Account No.

IWe have executed the above referred Loan Agreement with HDFC BANK LIMITED for the above loan
amount out of which a part amount has been disbursed by HDEC BANK LIMITED to me/us.
IWe are required to pay the loan in EMIs as mentioned in thÇ Loan Agreement after the full loan has
V.PEMI.
been disbursed and in the meantime, l/we are required to pay.f
In the above connection, kindly note that I/we are desirous of 'amortising the loan under HDFC BANK
LIMITED's "Tranching of EMI" scheme mentioned overleaf.
Accordingly, l/we request HDFC BANK LIMITED to permit melus to amortise the loan in tranched
EMIs notwithstanding anything contained in the said Loan Agreement and the Schedule contained
therein.

Please note that I/we propose to commence payment of EMI with immediate effect on the amount /
amounts of loan already disbursed by HDFC BANK LIMITED under the above Loan Agreement and
I/we hereby request HDFC BANK LIMITED to do the needful,
IWe further state that l/we have read and am/are fully aware of HDFC BANK LIMITED's scheme
pertaining to tranching of EMIs reproduced overleaf.
This letter as well as any other communication/intimation from HDFC BANK LIMITED to me/us in the
matter shallform part of the said Loan Agreement

Yours faithfully,

Borrower's Signature Co-borrower's Signature

P.T.O.
 TRANCUING OF EMs

Instead of making paynenl ol PEMIl on Ihe loan anount/s disburscd by HDFC BANK LIMITED
pending commencement of the EMI, he borower can now pay an interim EMI on the disbursed
amount/s. Under this arrangement, the borrower would noed to pay PEMIlonly for the remaining days
of the month in which he has taken the disbursement. The advantage under this scherne is that when
the borrower avails the final disbursement of the loan he would have repaid a part of the principal
amount out of the previous disbursement/s and hence he would be paying the regular EMI on an
amount which would be less than the loan availed by him from HDFC BANK LIMITED Under this
scheme the borrower willpay Interim EMIs pendingcommencement of the Regular EMIs.
The following are the principalterms and features of the above schene
1. Principal repayment commences on the instalment that has been drawn by the borrower with effect
from the subsequent month.
2. Interim EMI wil be computed with reference to the term of repayment mentioned in the loan
agreement on the amount or amounts disbursed with repayment of principal commencing from the
following month.
3. Subsequent disbursement/s :
The Interim EMI will be re-computed on each subsequent disbursement/s on:
(a) The principal amountoutstanding of the previous disbursement/s
plus
(b) The further amount being disbursed.
4. Final disbursement :

Regular EMI willbe re-computed with reference to the term of repayment mentioned in the loan
agreement on :

(a) The principal amount outstanding of the previous disbursement/s plus.

(b) The final amount being disbursed.
5. The Borrower can opt for this scheme at the time of the first disbursement or at the time of
subsequentdisbursement/s, but before commencement of the final EMI.
6. Interest rate applicable for each tranche will be as applicable on the total loan and not on the
amount representingeach respective disbursement.
7. BANK
PendingLIMITED
full disbursement, the borrower willhave an option to 'cho0se' in consultation with HDFC
the Interim EMIihe may want to pay till a) further disbursement/s b) full
disbursement.
8. Pre-EMII:
Pre-EMI interest will be payable from the date of the disbursement on the amount distbursed till the
last day of the concerned month in which disbursement is made.
9. Upon each subsequent disbursement the Interim EMI will be reworked on the principal amount
outstanding of the amounts disbursed previously as of the last date of the concerned month (in
which the further disbursement is made) plus the further disbursement amount. Repayment of the
regular EMI (which will be also calculated in the same manner) will commence from the month
following the month in which the last disbursement is made.

GENERAL
(a) The Regular EMI may be different fróm the one mentioned in the Loan Agreement.
(b) If the disbursement of loan (part or final) is made on the first working day of a month, then the
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Interim EMIor the Regular EMI, as the case may be, will commence from that month itself.