RLMS / FILE NO: 501240316029115 / 26660 BRANCH: COLLECTORATE COMPLEX – 21038

TAKEOVER OF HOME LOAN FROM PNB HFL RS.49,80,000/- @8.80% FOR 360 MONTHS

Applicants’ Name/s: MR. BATHI GIRIDHAR REDDY Guarantor: MRS. MANDA CHANDANA

Income - Salary:

The Applicant, Mr. B Giridhar Reddy, S/o Mr. B Desai Reddy, aged about 39 years is working as FM Gr II in MRT
Division of SPDCL of Telangana Ltd at Hyderabad for the last 14 years with Emp Code: 01071127. He is drawing a
Net Monthly Salary of Rs.1,33,054/- (Latest salary is Rs.1,18,800/-; He has recently closed his society loan and his
TDS deducted is more than applicable as per latest gross with respect to latest Form-16, TDS calculated is
Rs.16,978/-; LIC and Medical Insurance which are self-fund deductions are added back which is Rs.6,632/-; He is
receiving EL allowance of Rs.65,661/-, avg of last 2 years is 5,471/- per month). Salaries are being credited to
savings account with State Bank of India vide AC No.62093665976. He is the owner of the property.

Co-Applicant, Mrs. M Chandana, W/o Mr. B Giridhar Reddy, aged about 33 years is a housewife and is not an
owner of the property, but is added as a guarantor as she is one of the applicants in home loan with LIC HFL and is
required for obtaining original documents from that institution.

Residence:
They are residing in H No 5-116/51, Road No 2, Kakatiya Colony, Medipally, Hyderabad - 500008, which is an own
house.
 The above-mentioned property is purchased by availing loan from PNB HFL of Rs.50,03,924/- on
30.04.2022 vide Loan AC No: HOU/HYD/0422/979387, with present O/s of Rs.49,68,592/- as on
30.04.2024 (as per latest O/s amount in CIC reports), which is applied for take over. They have also availed
a Top up loan of Rs.13,43,754/- on 21.04.2022 with present O/s of Rs.13,15,299/-, vide A/c No.
NHL/HYD/0422/979497 which will be taken over separately with the proceeds of Top up loan applied along
with this Home Loan Take over.
Documents submitted:
→ The applicant and Co-applicant have submitted PAN Cards, Aadhar Cards, Employee Identity card, last 3
months’ Salary slips, last 6 months’ Bank account statements, Last 2 years’ Form-16s.
→ They have submitted Home Loan sanction letter and Loan Account statement from PNB HFL.
KYC & Verification:
Applicants’ Residence and Office verifications are conducted by Shakambari Consultancy Services on
19.03.2024 and the reports are POSITIVE.
NETWORTH: Applicant – Rs.1,55,80,118/- NMI: Rs.1,33,054/- => NAI: Rs.15,96,648/-
Guarantor – Rs.21,40,000/- EMI/NMI is 70%, which is Rs.93,137/-
CREDIT RATING SCORE/S: CIBIL / CRIF: 1) 725 / 444 2) 785 / 735; Dt: 03.06.2024
Existing Liabilities of the Applicants:
Applicant:
1) Home loan (Take over) from PNB HFL of Rs.50,03,924/-, O/s is Rs.49,68,592/- (EMI is not considered)
2) Home loan Top up of Rs.13,43,754/-, O/s of Rs.13,15,299/- (EMI not considered, will be taken over)
3) Auto loan of Rs.11,69,900/-, O/s of Rs.10,59,000/-, EMI of Rs.19,315/-
4) Auto loan of Rs.5,00,000/-, O/s of Rs.4,43,145/-, EMI of Rs.10,739/- (To be closed with the Top up
proceeds)
5) Personal loan of Rs.14,90,000/-, O/s of Rs.13,85,684/-, EMI of Rs.28,783/- (To be closed with Top up)
6) 4 Gold loans of Rs.6,00,500/-, Rs.52,525/-, O/s of Rs.1,24,250/-, Rs.2,18,000/-, which are regular.
7) 2 Credit Cards which are regular and standard as on date of CIC reports.
Co-Applicant / Guarantor:
8) Home & Home Top up loans with PNB HFL (Joint) as mentioned above.

Total EMI obligations considered: Rs.19,315/-

Takeover Details:
 Applicants have availed a housing loan in joint from PNB HFL of Rs.50,03,924/- on 30.04.2022 vide Loan
AC No: HOU/HYD/0422/979387, with present O/s of Rs.49,68,592/- as on 30.04.2024.
 They have submitted Loan sanction letter, Loan statement from PNB HFL.
  Disbursement of Take-over loan is to be made directly to PNB HFL Home loan account –
HOU/HYD/0422/979387.

Interest Rate:
Current External Benchmark Lending rate is 9.15% vide circular No CCO/CPPD-ADV/120/2022-23, Dated:
14.02.2023, w.e.f.15.02.2023, with CIBIL Score of 750-799, Applicable interest rate is EBR + 0 bps. Concession of
65bps as per campaign and 10bps special campaign for Take over home loans vide Circular No NBG/RE, H^HD-HL
CAMPA/41/2023-24, Dt: 01.02.2024. Hence, Effective ROI 9.15 – 0.65 – 0.10 = 8.40%
Processing Fee:
100% waiver in basic processing fees No circular no. NBG/RE, H^HD-HL CAMPA/41/2023-24, Dt: 01.02.2024, Real
Estate and Housing Business Unit Concession in Home Loans and Top Up loans during Campaign from 01.02.2024
to 31.03.2024 subject to recovery of actual expenses (for TIR & Valuation) (related TIR and valuation) - NIL
RECOMMENDED LOAN AMOUNT:

 70% of the net monthly income is Rs.93,197/-, EMIs considered are Rs.19,315/- (Not considering the EMI
of HL, Top up which is applied for take over & EMIs of PL & AL which will be closed with Top up proceeds),
the eligible home loan @8.80% for a period of 360 months is Rs.90Lakhs

 Property Valuation as per latest valuation report submitted: Rs.1,23,80,000/-

LTV applicable is 75% i.e., Eligible amount after 25% Margin is Rs.92,85,000/-
Outstanding amount of Loan which is being taken over as on 30.04.2024: Rs.49,68,000/-
General Insurance over the property of Rs.20,000/-, it is considered under LTV for adding under project
cost, 75% of that considered, which is Rs.16,000/-
Total Take over amount considered including General Insurance is Rs.49,84,000/-

 Loan amount applied for Rs.49,80,000/-

Hence, Loan amount recommended for sanction is the least of above 3, i.e., Rs.49,80,000/- for takeover of
Home-loan from PNB HFL (Including General Insurance of Rs.20,000/-)

OBSERVATIONS:

 Updated Closure Letter to be obtained before disbursement to arrive at correct amount.

 Disbursement of Take-over loan is to be made directly to PNB HFL Home loan account –
HOU/HYD/0422/979387.
 YONO REGISTRATION TO BE ENSURED.
 STANDING INSTRUCTION TO BE CREATED FOR COLLECTION OF EMIs THROUGH THEIR SAVINGS
ACCOUNT WITH SBI vide A/C No. 62019965355.
 There is a Top up loan attached with this Take over home loan which will be processed separately after
sanction and opening of account of this loan proposal, through which Top up @PNB HFL will be taken over
/ closed with the proceeds along with Personal loan with SBI of Rs.14,90,000/- and Auto loan of
Rs.5,00,000/- will be closed as per their request

THE PROPOSAL FALLS UNDER THE DISCRETIONARY POWERS OF CHIEF MANAGER, SANCTIONS