2024-02-09 13:53:03

Sanction Letter
Ref. No.:- 0503348615 Date 9/2/2024

Dear Sir/Madam,
Sub:Application for Home Loan Facility vide Application No. 0503348615
(Name of SO/RO: AHF XSELL Murali R K/AHF XSELL J D Mohanakumar)

Applicant Singal Shivani Girishkumar

We, IDFC FIRST Bank Limited are pleased to inform you that with reference to the above application, we have sanctioned you a
Home Loan facility, the terms and conditions mentioned further and printed overleaf.

Type of Loan Home Loan

Purpose of Loan Application purchase of property
Loan amount sanctioned Rs.17000000.00
Loan Type (Floating/Fixed) Floating
You have chosen to avail
Yes No
optional insurance
ICICI Lombard Insurance Rs.
Future Generali Insurance Rs.
Insurance Premium
ICICI Prudential Life Insurance Rs.
HDFC Life Insurance Rs.
External Benchmarking Rate
6.50
(EBR = REPO Rate)
Spread(+/-) 2.75
Applicable Rate of Interest
(ROI) 9.25
(ROI)= (EBR+ Spread)
Tenure of Loan (In months) 240
No. of Equated monthly
240
installments (EMI’s)
155698
Amount of each EMI (on
Actual EMI may vary on account of Pre-EMI interest.
Monthly rest)**
The same will be communicated in due course.
Repayment Cycle Date Day 5 of the month
Application Fees (Non 0
Refundable) Application fees shall be paid by the customer at the time of submission of application.
0
Processing Fees (Non
The processing fees shall be debited from the loan disbursement, provided the loan is
Refundable)
sanctioned and disbursed by IDFC FIRST Bank.

IDFC FIRST Bank Limited (formarly IDFC Bank Limited)

Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra(East), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 bank.info@idfcbank.com www.idfcfirstbank.com
 2024-02-09 13:53:03

2% per month (Exclusive of GST) of the unpaid EMI or Rs 300 (Exclusive of GST)
Penal Charges
whichever is higher.
Fees for changing loan type 0.1% of the sanctioned loan amount or Rs.10,000/- whichever is lower excluding
(Non-Refundable) applicable charges/ taxes.
Mode of creation of Security Mortgage on the property(in the form and manner as prescribed by IDFC FIRST Bank)
Address of property proposed for
mortgage

Please note that this is a financial sanction and is subject to the following conditions:-

1. Sanction letter is valid for the period of 90 days.

2. Applicable ROI will be valid for 30 days. However, the aforesaid ROI is subject to change owing to change in the EBR/ spread as on
the date of disbursal.
3. Positive Internal Checks.
4. Execution of Facility and other documents between you and IDFC FIRST Bank as per the bank’s policy and format as specified by the
Bank.
5. Loan to Value not to exceed:
a) Upto 90% of market value of the property in case the loan amount is less than or equal to Rs. 30 lakhs.
b) Upto 80% of market value of the property in case the loan amount is greater than Rs. 30 lakhs and less than or equal to Rs. 75 lakhs.
c) Upto 75% of market value of the property in case the loan amount is greater than Rs. 75 lakhs.
6. Disbursement is subject to submission of own contribution proof as and when requested by the bank and meeting the LTV policy
norms.
7. Validity of sanction letter and facility amount advanced will depend on the Title of the property being clear and marketable/ submission
of sanction plans by the borrower to the satisfaction of IDFC FIRST Bank/ valuation report received by IDFC FIRST Bank.
8. For under construction properties, loan will be disbursed in stages of construction as per bank’s internal evaluation guidelines.
9. Charges pertaining to stamp duty on loan and security documents, as applicable to the respective states, shall be borne by the borrower.

Terms and conditions as mentioned overleaf.

Special Conditions:-

Special Conditions

MODT in favour of IDFC to be submitted before disbursement (change to Registered

MODT/Simple mortgage as applicable)
ECS / PDC to be collected From Applicant Saving A/c 50200017509002 of HDFC
Bank
Property Papers OV to be done by lawyer before disbursement
Cersai & CRILIC Report to be generated before disbursement
RCU to be Positive
Seller Kyc document and Cancelled Chq req
Buyer sale Agreement Copy Req
OCR Proof to be obtained
Applicant SBI AL Loan of Rs.9.85 Lacs Emi debiting bank stmt to be documented
No objection letter cum confirmation from HR of Confluent India Pvt Ltd, that Shivani
Singal is allowed to do private consulting on monetary basis over and above her job
with Confluent India Pvt Ltd
Vendor Contract Agreement req and also form 26 AS req
Insurance to be covered full loan amount and tenure / Co applicant to be added in Loan
Structure
Applicant reliving letter from Clouder data Platform India Pvt Ltd and joining letter of
Confluent Company ( Payslip and salary credited bank stmt)

Part Payment charges will be Nil.

Foreclosure charges will be Nil.

The title deeds of the property can be collected by the security provider within 30 business days from BANGALORE branch after full
repayment/settlement of the loan account, subject to satisfaction of adequate KYC documents and provided no other credit facility is
existing against the said property. Timelines for release of title deeds may extend if the security provider is unable to collect the documents

IDFC FIRST Bank Limited (formarly IDFC Bank Limited)

Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra(East), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 bank.info@idfcbank.com www.idfcfirstbank.com
 2024-02-09 13:53:03

in person for any reason.

IDFC FIRST Bank Limited (formarly IDFC Bank Limited)

Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra(East), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 bank.info@idfcbank.com www.idfcfirstbank.com
 2024-02-09 13:53:03

Plot + Construction Norms:

If the borrower fails to construct the house within specified timeline of 36 months, then IDFC FIRST Bank Limited, at its sole discretion (Either
or All):
May convert borrowers’ loan from residential to non-residential /non-housing category or whichever is applicable in this context as per
the terms and conditions of IDFC FIRST Bank Limited.
May charge interest as applicable for the non-residential/non-housing loan of IDFC FIRST Bank Limited upon demand from time to time
and change or upward revision of EMI and /or on balance tenure in the said loan.
If there is no progress despite extending the timeline, then IDFC FIRST Bank Limited, shall have the power and the authority to recall the
entire loan with interest, costs and other usual charges and the Borrower will repay the loan with all outstanding dues immediately on
demand.

Pre EMI Norms:

From the date of first disbursement, you will be required to pay Pre EMI interest (at the interest rate applicable to your facility) till the time your
facility is fully disbursed, after which your EMI payments will begin.

Taxes:
All taxes, duties and levies including but not limited to Goods and Service Tax and any other tax/levy applicable as per law and as may be
amended from time to time would be additionally charged.

If any assistance is required, you may contact IDFC FIRST Bank on the following.
Your IDFC FIRST Bank Relationship Officer AHF XSELL J D Mohanakumar will assist you.
Email ID: jd.mohanakumar@idfcfirstbank.com Mobile No.: 7019623134
We look forward to a mutually beneficial and long term relationship.

Thanking You,
For IDFC FIRST Bank Ltd,
Authorized Signatory
Name: _________________
Employee ID: ________________

I / We have read the terms and conditions mentioned in this Sanction letter and accept the same.

Customer Type Name of Applicant/Co-Applicant Signature Date

Applicant Singal Shivani Girishkumar

IDFC FIRST Bank Limited (formarly IDFC Bank Limited)

Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra(East), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 bank.info@idfcbank.com www.idfcfirstbank.com
 2024-02-09 13:53:03

TERMS AND CONDITIONS ATTACHED TO SANCTION LETTER

1. “IDFC FIRST Bank Limited” shall mean and include its successors, assigns and subsidiaries.
2. “Processing Fees” shall mean fees collected for the purpose of appraising the Application for the facility/for the purpose of appraising
the valuation and legal verification of the property, it is a onetime, nonrefundable fee and independent of outcome of such appraisal.
3. “External Benchmark Reset Date” shall mean the reset of interest rate occurring three months from the date of first EMI and every
three months thereafter.
4. “Penal Charges” - Borrower is aware that penal charges mean the charges which the Bank shall impose upon the borrower for
non-compliance of loan terms and conditions by the borrower. Said charges shall be over and above the applicable charges and interest
rates as specified in the Schedule of Charges/Key Fact Statement and the same may be amended from time to time by the Bank. It is further
specified that penal charges as set out in the schedule are without prejudice to the Bank’s right to recall the entire loan or to initiate any
recovery action.
5. The Bank shall also be entitled (but not obligated) to reset the Spread on account of borrower’s credit assessment undergoes a
substantial change as agreed in the Loan/facility documents.
6. The Borrower shall be liable to pay to the Bank the interest including such cost and charges as may be applicable, on the amounts and
such rate shall be applicable till next interest reset date, which shall be a reset at least once in three months or such other period from time
to time, hereunder defined and communication regarding the same is shared either by SMS/Email communication on the registered email
address.
7. Borrower has the option to change the interest rate type from Floating rate to Fixed rate. Fixed rate will be as prevailing at the time of
change request. Charges for changing the interest rate type are mentioned below.
8. Interest rate type change will be charged at 0.1% of the sanctioned loan amount or Rs.10,000/- whichever is lower, charges/ taxes will
be as applicable.
9. Interest rate type can be switched two times during the entire tenure of the loan. Once interest rate is switched from floating rate to fixed
rate, it will not be allowed to switch back to floating rate for minimum three years from the date of switch.
10. Increase in benchmark lending rate will lead to increase in EMI or Tenure or both and decrease in benchmark lending rate will lead to
decrease in EMI or Tenure or both. Default option will be impacting the Tenure as per Bank’s policy. Incase borrower wants to increase the
EMI, borrower to approach the bank and bank to decide basis its internal evaluation.
11. Borrower to intimate the Bank through suitable communication channels if the borrower wishes to opt for enhancement in EMI or
Tenure increase or both in event of change of ROI due to change in benchmark rate and also if the borrower wishes to prepay the loan
amount in part or full.
12. This Sanction letter should not be construed as giving rise to binding obligations on the part of IDFC FIRST Bank to provide the loan
mentioned overleaf (the Facility´). The Facility mentioned overleaf will be available solely at IDFC FIRST Bank’s discretion and IDFC
FIRST Bank will not be liable for any action taken by the customer based on this sanction letter.
13. IDFC FIRST Bank shall be entitled to revoke the sanction of the Facility, inter- alia, in any of the following circumstances:
1) There is any material change in the purpose(s) for which the Facility have been sanctioned the purpose(s)'
2) In the sole judgment of IDFC FIRST Bank, any material fact has been concealed and / or become subsequently known.
3) Any statement made by you or on your behalf in your application or otherwise, is incorrect, incomplete, or misleading.
4) The accepted copy of this letter duly signed by you is not received by IDFC FIRST Bank within the specified validity period.
5) There is a default under or a breach of the terms and conditions of this letter or any other loan / facility offered by IDFC FIRST Bank
or any other person/entity, to you / any of you.
6) The legal / technical / valuation report on the property is not satisfactory to IDFC FIRST Bank.
14. Notwithstanding anything mentioned in the sanction letter, the borrower hereby agrees and confirms that IDFC FIRST Bank shall have
the absolute right to levy such charges as it may deem fit, and the borrower shall forthwith pay the amount without any demur or protest
and shall not object to such charges or request for claim waiver.

IDFC FIRST Bank Limited (formarly IDFC Bank Limited)

Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra(East), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 bank.info@idfcbank.com www.idfcfirstbank.com