Registered Office: No. 29/1, Sir.

M N Krishna Rao Branch Address: 1st Floor Ankamma plaza,

Road,Lalbagh West, Bengaluru,Karnataka – 560004.
CIN: L85110KA1987PLC008699
Customer care No. 1800 203 4488
E-mail: customercare@canfinhomes.com
Website: www.canfinhomes.com
Midde Center, Mangalagiri ,MANGALAGIRI ,
Andhra Pradesh-522503
Phone: 08645-234589,7625079244
E-mail: mangalagiri@canfinhomes.com

Loan Sanction Communication Letter

File Number: 244242500005 Date:15-04-2024

Name of the Borrowers: KUMMARAPALLI SRINU,KUMMARAPALLI NAGENDRA

Address: 632,PRAKASH NAGAR,VIJAYAWADA,Andhra Pradesh-520015

Mob. No.: 8886942593

Dear Sir/Madam,

With reference to your application dated 15-04-2024 we are pleased to inform you that we have in
principle, sanctioned the loan for the purpose of Construction of House, property situated at NEAR
DOORNNO.77-193-
16,PLOTNO.524,R.S.NO.59P.L.B.S.NAGAR,PAYAKAPURAM,,,PAYAKAPURAM,KRISHNA,Andhra
Pradesh,520015 on the specific terms & conditions as per Annexure 1,general terms and
conditions specified in Fair Practice Code(FPC) & Most Important Terms & Conditions (MITC) and the
following general & special conditions.

Type of Loan Loan Amount Risk Rate of ROI Type Tenure of Equated Monthly Installments
(Product) Rs. Rating Interest (ROI) the Loan - (EMIs)
Years
Tenure Amount Commencing
From
Individual 700,000.00 S1 10.10% Floating 15 180 7565
Housing Loan

General Conditions:

1. The property mortgaged to Can Fin Homes Ltd., (CFHL) shall be insured comprehensively for the market
value (Land value may be excluded in Independent Properties), covering risks due to natural calamities, fire,
strike, riot and civil commotion (SRCC) and other appropriate hazards. CFHL should be made beneficiary of the
property insurance policy until the loan is cleared and the original policy document should be submitted to
CFHL within 7 days of registration in purchase cases & before loan disbursement in all other cases (in case of
composite loan, before release of loan towards construction). The cost of the Property Insurance shall be
borne by borrowers and shall always be responsible to ensure that the insurance policy in respect of the
mortgaged property remain valid till all the dues of the company are repaid and to keep such insurance policy
renewed from time to time. You shall take single premium policy for the term of the loan.

In case of loan for construction/composite loan/purchase of flat under construction, the Builders All risk
insurance policy should be submitted till the completion of the construction, followed by a
comprehensive insurance after the completion of the building.

2. The ROI, repayment period and all other general terms and conditions will be subject to change from time
to time as notified in the company's website www.canfinhomes.com / Notice Board of the Company. The
disbursement of the sanctioned loan is subject to your acceptance and compliance of all terms & conditions as
per annexure-1, FPC & MITC, execution of prescribed documents and providing the prescribed security. The
disbursement of the loan is at the sole discretion of the company and does not vest any right with the
borrower to claim the disbursement of the loan as a matter of right. The company may cancel/ modify any of
the terms and conditions of the loan or withhold part or full amount of the loan without assigning any reason
whatsoever.
Special Conditions:
1.property good residential locality
2.modtd in favour of cfhl mangalagiri branch
3.property insurance tobe done before disbs
4. e nach should be taken from 1st disbs

If the terms and conditions are acceptable to you, please call on us along with the guarantor/co-applicant/s &
execute the required loan documents along with the relevant property documents.

Your's Faithfully

Branch Incharge

ACCEPTANCE NOTE:

Dear Sir/Madam,

With reference to your above offer dated 15-04-2024 to sanction a sum of Rs.700,000.00/- to me/us:

1. I/we confirm that I/we have fully read and understood the basic terms and conditions of this sanction
letter along with annexures and accept the terms.

2.a. I/we have also read and understood terms and conditions specified in the Fair Practices Code (FPC)
and Most Important Terms and Conditions (MITC) and accept the same.

2.b. I/We, confirm that I/We have fully read and understood the Conditional Terms on Rate of Interest
including guidelines applicable to Affordable Housing Loan- Rural/Urban scheme.

3. I/We submit acknowledged copy of this sanction letter to you, duly accepting the terms & conditions as
required vide clause 18 of the annexure of sanction communication letter.

4. I/We retain other copy of this sanction communication, FPC and MITC for our reference and records.

Yours faithfully,

1. Borrower: KUMMARAPALLI SRINU

2. Co-borrower/s: KUMMARAPALLI NAGENDRA

3. Guarantors: ,
Place:
Date:

Received at the branch

(Affix date seal of branch here below)

Registered Office: No. 29/1, Sir. M N Krishna Rao Road, Lalbagh West, Bengaluru, Karnataka
CIN: L85110KA1987PLC008699 Customer Care No: 1800 203 4488 Website: www.canfinhomes.com
Annexure 1 F-12

1. The ROI is subject to change from time to time, as notified in our website/ branch Notice Board. For changes in
the ROI, please refer the paragraph no. VIII (1) of Fair Practice Code enclosed. Interest will be charged on daily
diminishing balance and debited once in a month.

2. In case of loan sanctioned under floating ROI,The ROI is subject to revision at periodical intervals based on the
risk rating awarded by the branch from time to time.

2a. In case of loan sanctioned under fixed ROI, interest remain fixed for entire loan tenor.

2b. During reset of ROI, borrowers have an option to switch over from floating to fixed and
fixed to floating, upto two times during entire loan tenor with cooling period of 2 years by paying applicable switch
over charges plus GST.

2c. Impact of change in Interest Rate for loans availed under floating ROI or loans got converted to floating
ROI from fixed ROI during the loan tenor: In case of increase in the interest rate during the tenor of the loan,
there will be corresponding increase in EMI.

In the above scenario borrower/s will have the following options during revision/reset in ROI:

i. Agreeing to pay the applicable enhanced EMI prospectively.

ii. Extend the tenure of the loan subject to *maximum tenure extendable under the respective loan
product/purpose or highest income holder reaching age of maximum 70 years, whichever is earlier.

iii. Pay applicable lump sum prepayments (to be arrived/provided by the company) and continue the same EMI.

iv. Continue the same EMI/Enhancement in EMI and extend the tenure of the loan subject to *maximum tenure
extendable under the respective loan product/purpose or highest income holder reaching age of maximum 70
years, whichever is earlier.

v. It shall be the responsibility of the borrower to visit/ contact the branch and opt any one of above 4 options in
writing. If the borrower does not visit/ contact, then the option (iv) will be exercised by the company automatically
/prospectively and SMS will be sent to his/her mobile number registered with the company.

* Product wise Maximum Tenure

Sl. Name of the Loan Product Maximum Tenure for Project Profile - Maximum Tenure for Project
No. Salaried & Professional Class Profile - Self-Employed &
Non-Professional

1. Individual Housing Loans (201) 360 Months 300 Months

2. Site Loans (203 & 204) 240 Months 240 Months

3. Composite Loans (226 & 238) 360 Months 300 Months

(Purchase of Site and Construction)
4. Personal Loans (220) 180 Months 180 Months
5. Mortgage Loans (205) 240 Months 240 Months
6. Loans against Rent Receivables 120 Months 120 Months
(208) (LRR)
7. Loans for Commercial Properties 180 Months 180 Months
(209) (LCP)
8. Loans for Children Education (211) 120 Months 120 Months
(LCE)
9. Flexi LAP (222) 240 Months 240 Months
10. Commercial Housing Loan (225) 360 Months 300 Months
11. CFHL Top Up Loan (235) 180 Months 180 Months
12. CFHL Nishchint-Loan for Pensioners 120 Months 120 Months
(236)
13. Flats under construction TPA (239) 360 Months 300 Months
14. IHL Cash (240) 360 Months -
15. Affordable Housing loan Rural [AHL- 360 Months 300 Months
R] (241)
16. Affordable Housing loan-urban [AHL- 360 Months 300 Months
U] (242)
17. I-Secure Loan (243) Sanctioned Loan Tenure Sanctioned Loan Tenure
3. Pre-EMI Interest (PEMI) at the applicable rate, shall be paid on the part disbursements availed, from the
respective date/s of disbursements, until the date of commencement of EMI.

4. The PEMI/EMIs shall be remitted on due dates either by NACH, Post-dated cheques, salary deductions or
remittance of cash at the branch. Whatever be the mode of remittance, borrower shall ensure that the remittance
is done within the due dates.

5. The delay in payment of PEMI/EMI attracts overdue/penal charges of 2% p.a. plus applicable GST on the
overdue amount for the delayed period only without capitalization of penal charges.

6. Changes, if any, in the terms and conditions of the loan other than rate of Interest will be made only with
prospective effect and the change will be notified. If such change is not acceptable to you then you may pre-close
the account within 60 days without paying any pre-payment/ pre-closure charges.

7. The loan shall be secured by First Mortgage of the immovable property purchased and/or constructed with the
loan granted from CFHL and personal guarantees as acceptable to CFHL, collateral security of any other immovable
property and /or such other security/ies as stipulated specifically by CFHL and legal clearance by the panel
Advocate of the Company.

8. All charges or expenses for creation of security in respect of this loan, in favour of CFHL shall be borne by the
borrower(s). You are required to pay processing fee, documentation charges, CERSAI, CIBIL, Legal charges etc. as
specified in chapter VIII (4) to (11) of FPC.

9. You shall submit suitable salary recovery mandate to your employer wherever salary deduction facility is
available or NACH mandates to your bankers through CFHL for e-remittances (payments or receipts through
Electronic Clearing System (NACH/ NEFT/ RTGS) and provide not less than 10 Post-dated cheques (PDCs). If NACH
facility is not available at the centre, then you have to give 24 PDCs per year at the time of execution of loan
documents and thereafter @ 12 PDCs each year.

10. The loan will be disbursed in lump sum or in suitable Instalments at your specific request/ authorisation in
writing and based on progress of construction/ as per the construction agreement with the builder or as may be
determined by CFHL. The Company will not accept any liability/ responsibility for any breach in the contract on the
part of builder or any deficiency in service/ quality of construction by the builder/ contractor.

11.The entire loan shall be availed within a stipulated period from the date of first disbursement of the loan, the
same is given below. The maximum period permitted for availing the loan is 3 months, in the case of purchase, 18
months in case of construction, 36 months in case of Flat under construction/Composite loans. If not availed with in
the specific period, unavailed portion of the loan automatically gets lapsed/cancelled and CFHL reserves the right to
modify/ change the EMI.

12. EMI for various loan products shall commence as outlined in point no. 6 (v) of the Most important terms and
conditions (MITC).

13. CFHL reserves the right to stop disbursement/ further disbursements at any time, at any stage, if the Company
notices that the information furnished by the borrower/s /guarantor/ employer/ of the property is/are not correct or
any diversion or misuse of the loan is observed at any stage or any breach of covenants of the agreement are
observed.

14. If the borrower fails to utilize the loan amount for the purpose for which it has been sanctioned and/or makes
any changes in execution of his project, CFHL reserves the right to recall the liability at its sole discretion and levy
penalties and or/ initiate appropriate legal proceedings.

15.You shall inform CFHL, in writing, about any change in the information furnished to CFHL for getting the loan
sanctioned and also regarding change in mobile no., change/loss of job, business, profession (as the case may be)
immediately you shall also furnish a statement of your income every year and such other information/documents
whenever called for by CFHL.

16. In case of Composite Loan the following Conditions:

(a) Composite Loans – Rate of interest as applicable to site loan will be charged with retrospective effect, if the
construction does not start within 18 months and borrower has not fully availed the loan sanctioned within 36
months. In the case of Composite loans, though the rate of interest applicable to Housing loans is charged,
EMI/PEMI shall be stipulated at the rate applicable to site loans from the beginning on the amount disbursed for
purchase of site. If, the customer avails the balance of loan for construction of the house, EMI shall be re-fixed
after full disbursement of the loan as applicable to housing loans. The amount paid in excess in the initial stage
shall be treated as advance payment or instalment shall be re-fixed for the balance amount for the balance period.
If the customer fails to avail the loan and construct the house, the loan shall be converted into a site loan
immediately after completion of 18 months. The differential interest shall be debited to the account without
changing the EMI.

(b) In case the loan is pre-closed before availing the construction loan, then also site loan ROI will be charged from
the date of first disbursement.

17. This sanction is based on your confirmation:

(a) That the information furnished in the loan application and the enclosed documents are all genuine, true and
correct and there is no misrepresentation of facts in any manner.
(b) That the property intended to be mortgaged by you in favour of CFHL has a valid, clear and marketable title
and that you have taken independent legal opinion/ advises regarding the same to satisfy yourselves about
genuiness of the documents/ KYC norms for all the previous vendors of the property/ builder/as the case may be.
(c) That the plan of lay-out/ house/apartment is duly approved from the appropriate competent authorities and you
have ensured adherence to the same and to that effect you have to execute an affidavit as per RBI/NHB guidelines.
(d) All other civic approvals, permissions, licenses are obtained as per prevailing local/ state or other laws in force
from time to time and will be obtained whenever necessary.
(e) Borrowers should ensure that the building proposed to construct/purchase adheres to building norms &
technical specifications laid down by National Building Code & National Disaster Management Authority (NDMA)
guidelines.

18. This sanction letter shall be revoked/ cancelled/ treated as absolutely null and void if:

(a) There are any material changes in the proposal

(b) Any material fact concerning your income or ability to repay, or any other relevant aspect of your proposal or
your application for loan is withheld, suppressed, concealed or not made known to us;
(c) Any statement made in the loan application is found to be incorrect or untrue;
(d) The terms and conditions of the sanction letter (Acceptance Note) are not accepted in writing by you within 30
days from the date of this letter.

19. Copy of the loan documents along with relevant enclosures will be made available at the specific request of the
borrower after completion of all documentation formalities.

20. Within 15 days of full repayment/ settlement of loan(s) the original property documents shall be collected at
__________________

21. Applicability of Concession in ROI, if any, as Special Offer: If loan is sanctioned at a concessional rate of
interest & availed disbursement within a valid time period, extended concession will be in force for initial one-year
time period. Further, during quarterly reset, ROI will be applied taking extended concession into consideration i.e.,
Applicable Card ROI - Extended Concession.

22. This loan sanction letter is sent in duplicate along with a copy of Fair Practices Code (FPC) and Most Important
Terms & Conditions (MITC) for your reference and records. If the terms and conditions of this sanction letter and
FPC, are acceptable to you, kindly sign the `Acceptance Note' (marked below) in token of your acceptance and
return the duplicate copy of this sanction letter within 30 days from the date of this letter to us, together with a
Cheque/Demand Draft, marked `Payees Account Only' for`Rs.____________.in favour of CANFIN HOMES LTD,
towards balance processing charges.
Branch Incharge

Encl: Fair Practices Code (FPC) and Most Important Terms and Conditions (MITC) – containing all other conditions

Registered Office: No. 29/1, Sir. M N Krishna Rao Road, Lalbagh West, Bengaluru, Karnataka.
CIN: L85110KA1987PLC008699 Customer Care No: 1800 203 4488 Website: www.canfinhomes.com