FINAL SANCTION LETTER

Application #:DL/DEL/DWND/A000001079 Date:18-Dec-2023

Customer ID:DL/DEL/DWND/B000001079

Mr. DILIP KUMAR

NEW F 12 , SHASHTRI NAGAR , , Metro , NORTH WEST DELHI , Delhi , India - 110052
Co-Borrower(s):Mr. KULDEEP KUMAR , Mrs. PUSHPA PUSHPA ,

Dear Sir / Madam,

We thank you for your application seeking financial assistance for a HOME LOAN. We are
pleased to inform you that we have, in principle, sanctioned a loan of Rs. 1750000 on the
following terms for the Purchase New situated at Plot No L-2/89-B,,,,,,,Shastri
Nagar,,Nearby Aggarwal Tent House,DELHI,Delhi,110052 , SHASHTRI NAGAR , , Metro ,
New Delhi , Delhi , India - 110052
Loan Term of Current Interest Rate EMI EMI Loan
Amount Repayment ROI Type Value Value Category
1750000 25 12.50 Fixed & Floating 19081 Monthly Housing Loan
Special Conditions:
1.This offer is made under '' rate of interest as per your request.

2.The rate of interest applicable to your loan is linked to HHF prime lending rate and
a specified spread.

3.The rate of interest applicable to your loan is with the HHF - PLR and the specified
spread both of which is determined by HHF based on market conditions.

4.As a result of the above variation/s, the term of repayment/EMI value are liable to
vary from time to time.

5.The rate of interest is subject to revision in terms of the loan agreement /s

executed /to be executed by you.

6.The loan is sanctioned subject to the terms and conditions detailed overleaf and
such other terms and conditions that may be contained in the loan agreement/s, any
other documents you may be required to execute and loan offer conditions as
specified.

7.This rate of Interest is valid till 2026-Dec-18. Thereafter the rate would be
applicable at the prevailing rate then.
Other Special conditions:
• 5 Post dated cheques / ECS from a nationalised bank.
• personal guarantee with proper Know Your Customer norms & Income Proof.
• Mortgage of deposit of registration (MOTD) to be completed favouring Hinduja Housing
Finance Ltd.
• Please sign the duplicate copy of this letter in acceptance of the terms and conditions
and submit the same with fees of Rs.20650 towards the balance processing, legal and
technical appraisal fees plus 18 service tax and Swachh Bharat Cess on processing fees
for the loan.
• We invite your attention to the terms and conditions given overleaf which forms part
of this offer.
• For customer complaints: 9125328990 , akash.singh@hindujahousingfinance.com

For Hinduja Housing Finance Limited Accepted

Authorised Signatory All Borrowers

STANDARD TERMS AND CONDITIONS OF THIS OFFER

1.The Loan will be repayable in equated monthly instalments (EMIs) and /or in such
other manner as mentioned overleaf subject to clause 2 hereunder. The EMIs would be
paid to Hinduja Housing Finance Limited through Electronic clearing system (ECS) or
post dated cheques mode only.

2.The rate of Interest is subject to revision in terms of the loan agreement to be

executed by you and is subject to any higher rate that may be prevailing at any time
during the tenure of the loan.

3.PRE-EMI interest is calculated at the rate at which the EMI has been calculated as
stated aforesaid, and it shall be charged from the respective disbursement dates to
date of commencement of EMI in respect of the amount disbursed.

4.The loan would be disbursed in lumpsum or in suitable instalments to be decided by

Hinduja Housing Finance Limited considering the need and progress of construction or
the improvement / extension work as the case may be, as determined by HHF and not
necessarily as per your agreement with the Seller.

5.The property being financed, must conform to the sanctioned plans and other legal
/ technical requirements to the satisfaction of HHF.

6.The loan mentioned overleaf is related to the value of the property disclosed to HHF
by the applicant(s). Based on HHF own scrutiny if it is found that the actual value of
the property is lower than the value disclosed to HHF by you, the loan would be
accordingly reduced.
7.A Verification of legal documents of the property being financed would be done by
HHF before disbursement of the loan, and the same must establish that the property
has clear and marketable title, to the satisfaction of HHF.

8.Any additional security required by HHF in its sole discretion, may be asked for by it
on, before or such subsequent to the disbursement of the loan, and all requisite
documentation for such security would need to be provided by you as and when asked
for by HHF for scrutiny.

9.The amount of the loan to be disbursed to you has been fixed by HHF inter alia on
the information and declarations made with respect to the cost to be incurred by you
in connection with acquisition / construction of dwelling unit as estimated in your
application / estimate submitted. In the event of the cost actually incurred being less
than the estimate given by you, HHF reserves the right to suitably reduce the amount
of the loan.

10.This offer letter shall stand revoked, cancelled and shall become null and void, if

a.There has occurred, in the sole discretion of HHF, any material change in your
proposal, on the basis of which HHF has, in principle agreed to disburse the loan.

b.Any material fact or change concerning your income / employment/business

/profession or ability to repay or any other relevant aspect of your proposal or your
application is suppressed, concealed or not made known to HHF.

c.Any statement made in the loan application is incorrect or untrue.

11.This offer is valid for a period of 30 days from the date of this offer letter which
can be extended for another period of 30 days on the discretion of HHF subject to
acceptance of this offer being received by HHF within 15 days from the date of this
letter.

12.The disbursement of the loan is subject to your executing the loan agreement,
demand promissory note, indemnities, undertakings, power of attorneys and such
other documents as are incidental to the disbursal of the loan to you as required by
HHF.

13.The amount of loan should be strictly used only for the purpose stated in the loan
application and / or loan agreement (to be executed).

14.In case of self construction cases where construction is not complete within six
months, an additional rate of 5 % will be levied over and above current ROI indicated
in the loan offer letter after six months from the date of first disbursement till final
disbursement is done and EMI commenced for the borrower.
 15.MOTD to be done for the property mortgaged at your cost, the fee being at the
rate prevailing from time to time applicable at the state in which the property exists.

Note : For customer complaints: 9125328990 ,

akash.singh@hindujahousingfinance.com

MOST IMPORTANT TERMS AND CONDITIONS (MITC)

(For individual Housing Loan)

The Most Important Terms and Conditions ("the MITC") for the housing loan ("the
Loan") availed by an individual Borrower(s) from Hinduja Housing Finance Limited, a
Company incorporated under the Companies Act, 2013 and having Its registered &
Corporate office at No. 27A, Developed Plot, Guindy Industrial Estate, Guindy, Chennai
- 600032, hereinafter referred to as "HHFL" are mentioned below and are to be read and
understood in conjunction with the terms contained in the Sanction Letter, Disbursement
Letter and the Loan Documents which shall be executed in reference to the Loan with
HHFL (Collectively referred to as 'the "Loan Documents")

The MITCs mentioned here are merely indicative and not exhaustive. The Loan shall be
governed by the Loan Documents including the Sanction Letter. In the event on a
contradiction between of the terms and conditions set out herein and the Loan
Documents, the terms and conditions of the Loan Documents shall prevail.

a) Loan

The term of the loan, its purpose, the applicable rate of interest and the tenure shall be as
set out under the Sanction Letter. Please read the Sanction Letter carefully for specific
details. The Loan shall be determined on the basis of the credit appraisal of the profile,
income and valuation of the security being offered.

i. Fixed Rate - In the event the Borrower(s) has opted for a Fixed Rate of interest, the
interest rate shall remain fixed throughout the tenure of the Loan, unless otherwise agreed
in terms of agreement, save and except as provided herein above, the applicable Fixed
Rate shall be the prevailing interest rate on the date of Disbursement.

ii. Floating Rate - In the event you have opted for the Floating Rate of interest, you shall
be liable to pay the interest at the Floating Rate +/- the margin (in terms of %). The
Floating rate of interest shall be based on HBLR as decided by HHFL from time to time.
"HBLR" shall mean the applicable reference rate of interest as on the reset date and reset
time frequency as decided by HHFL from time to time based on prevailing market
conditions and guidelines of any statutory authority and / or as per internal policy of
HHFL. Any change in HBLR shall be notified by HHFL through its website or account
statements or its branches or any such medium as HHFL may consider appropriate.

iii. Fixed & Floating Rate - In the event you have opted for Fixed & Floating rate of
interest, you shall be liable to pay the Fixed Rate of interest for an initial period in the
manner indicated under Clause A (i) above and after the said initial period at the Floating
Rate in the manner as indicates under Clause A (ii) above.

iv. At the sole discretion of HHFL, you shall have an option to convert from Fixed Rate
of Interest scheme to a Floating Rate of Interest scheme or vice versa, post payment of
applicable switch charges on the principal outstanding and service tax as applicable at the
time of exercising this option.

v. Notwithstanding anything to the contrary stated hereinabove, the rate of interest is

subject to revision in terms of the Sanction Letter to be executed by you.

Tenure - The Loan tenure shall be fixed at the discretion of HHFL which shall depend on
the age of the Borrower(s), risk profile, age of the Property and the specific product/
program opted by the Borrower(s). The tenure of the Loan may be modified by HHFL in
its sole discretion at any time during the Loan.

b) Fee and Other Charges

The major charges applicable on the Loan are mentioned below, for complete details
please refer to the latest Schedule of Charges on HHFL's website. The Schedule of
Charges would be revised by HHFL from time to time.

Charge type Home Loan (INR)

Income tax certificate for current
NIL
financial year
Income tax certificate for previous
NIL
financial year
Change of repayment mode from PDC
NIL
to ECS/ACH
Part or Full Prepayment of loan (on
Floating Rate of interest by Individual NIL
Borrower(s)
Cheque/ ECS return NIL
CERSAI charge for creation of Security
NIL
interest
NIL for once every year and 200 + Applicable
Statement of account
Taxes for every additional
Change of repayment mode-PDC to
500 + Applicable Taxes
PDC or ECS to ECS PDC/ECS to ACH
EMI payment fee on account of non-
submission of PDC/ECS (per 300 + Applicable Taxes
transaction)/ACH
Part or Full Prepayment of loan (on
Floating Rate of Interest) by non-
2% of principal prepaid + Applicable Taxes
individual Borrower(s) being applicant
or co-applicant
2% of principal prepaid + Applicable Taxes. In
Part or Full Prepayment of loan (on case of prepayment of loan is by own source
Fixed Rate of Interest) by individual (except borrowing from Bank/ HFC/
Borrower(s) NBFC/Any Financial Institution), no fee is
Applicable.
Loan Pre-closure statement or List of
original Property documents or
500 + Applicable Taxes
Photocopy of original Property
documents
Minimum 1.00% of the loan applied for +
Processing fee*
Applicable Taxes
Overdue charge 3% per month on overdue payment
Recovery fees As per actual
Legal and Technical fees 2999

c) Security for the Loan

The Security for the Loan would generally be security interest on the Property being
financed and / or any other collateral / interim security as may be required by HHFL.The
Security shall include guarantee, Mortgage, hypothecation and any other form of security
as deemed fit by HHFL.

The Loan shall be secured by first and exclusive charge on the Property offered as
collateral security (the details whereof are set out in the Loan Documents) which shall
have a clear, marketable and unencumbered title. The Borrower(s) shall produce such
original/copy of title deeds, documents, reports as may be required by HHFL. The
Borrower(s) shall bear all the charges payable for the creation of said Security and shall
take all the steps required for the perfection thereof. The plan for the construction of the
Property offered as Security shall be approved by the competent authority and the same
shall not be violated by the Borrower(s) or any other person at any point of time during
the currency of the Loan.

d) Insurance of the Property/ Borrower(s)

It will be the Borrower(s)' responsibility to ensure that the Property offered as Security is
duly and properly insured against fire and other hazards for an amount specified by
HHFL during the period of this Loan with HHFL as sole beneficiary. The evidence
thereof shall be given to HHFL every year and/or whenever asked for by HHFL.
Regardless of the amount being specified by HHFL for the said purpose, the Borrower(s)
shall remain absolutely obligated to insure the Property for an adequate amount.

The terms & conditions including claims & coverage will be governed by the issuer of
such insurance policy. Please note that the role of HHFL under the insurance policy
would be that of a facilitator and the decision to cover and settle any future claim under
the policy would solely rest with the insurance company. Insurance is the subject matter
of solicitation.

e) Conditions for Disbursement of the Loan

The conditions for the Disbursement of the Loan shall be mentioned under the Loan
Documents in detail however, some of the salient and major conditions are mentioned
below:

• Submission of all relevant documents as mentioned by HHFL in the Loan

Documents.
• Legal & technical assessment of the Property.
• Payment of own contribution by the Borrower(s) (total cost of flat less the Loan
amount), as specified in the Disbursement Letter.
• Providing adequate utilization proof of the Loan.
• Undertaking by the Borrower to regularly provide HHFL information, including
details regarding progress / delay in construction, any major damage to the
Property, change in employment/ contact details, non-payment of taxes pertaining
to Property, etc.
• The construction is being undertaken as per the approved plans.
• The Borrower(s) has satisfied himself/herself that required approvals for the
project have been obtained by the developer.
 • All required approvals for the Property have been obtained and are available with
the seller in case the Property is being purchased in resale.

f) Repayment of the Loan & Interest

i. The Loan will be repayable through the Equated Monthly Installments ("EMIs")
payable on monthly basis on the Due Date mentioned in the Disbursement Letter. The
EMIs shall be calculated on the amount actually Disbursed which shall be subject to the
revision at the discretion of HHFL. Exact EMIs will be calculated at the time of final
Disbursement.

ii. Pre-EMI Interest ("PEMII") would be required to be paid, on monthly basis on the Due
Date mentioned in the Disbursement Letter. It shall be charged from the date of the first
Disbursements to the date of commencement of EMI in respect of the Loan.

iii. In case of delayed payment, overdue interest for the delayed period will be charged at
rates as determined by HHFL from time to time.

iv. HHFL shall have the right and sole discretion to revise the EMIs or to revise
Repayment period or both consequent upon change/revision in interest rate and/or in
HBLR and accordingly fresh set of Post Dated Cheques ("PDCs") shall be deposited
and/or irrevocable ECS/ACH mandate shall be given by you suo motu for revised EMIs

v. Without limiting to the generality of the aforesaid, the Borrower(s) shall provide such
number of PDC's as mandated by HHFL from time to time for the amounts specified by
HHFL towards Repayment of the Loan.

Prepayment Charges - Prepayment Charge (s) will be levied in accordance with the
guidelines/circulars of National Housing Bank ("NHB"), other regulatory authority (ies)
by HHFL as updated on its web site, from time to time, for information to public at large.
"Subject to the guidelines/circulars of NHB & other regulatory authority (ies), terms
contained herein and/ or under the Loan Documents, the Borrower(s) may prepay or
partly prepay the Loan provided an advance thirty (30) working days clear written notice
is given to HHFL for the same. Thirty days will be counted from the actual date of the
receipt of the notice by HHFL.

g) Brief indicative procedure to be followed for Recovery of the Over dues

On occurrence of any event of default as mentioned in the Loan Documents ("Event of

Default"), all outstanding amounts owed by the Borrower(s) to HHFL shall become
payable forthwith and HHFL reserves the right to undertake such necessary
processes/measures to enforce its rights under the Loan Documents including but not
limited to charging Additional Interest for the delayed payment, recovery of over dues by
enforcing the Security in accordance with the remedy available under the Law. The actual
procedure shall be determined by HHFL depending upon the circumstances of each case.

h) Customer Service

a) Visiting hours at the office - 10:30 AM to 4:30 PM (Monday to Friday) and 10:30 AM
to 1:30 PM (Saturday). Office remains closed on Sunday and Second Saturday;

b) Details of the person to be contacted for customer service - Customer Service Officer
at branch office of HHFL;

c) Procedure to obtain the following including time line thereof:

• i. Loan account statement

• ii. Photocopy of the title documents
• iii. Return of original documents on closure/transfer of the Loan

NOTE: Borrower(s) can obtain these services from branch by providing loan account
number and identity proof. Alternatively the Borrower can write to HHFL by accessing
its website support@hindujahousingfinance.com

i) Grievance Redressal

• Any person, including the Borrower(s), can lodge a complaint to Branch Manager by
visiting branch office or can write to HHFL by accessing its website
support@hindujahousingfinance.com.In case branch does not resolve the complaint, the
complainant can write to akash.singh@hindujahousingfinance.com , HHFL shall contact
the Borrower(s) or the person making the complaint and initiate resolution of the issue
within three working days of receipt of the complaint.

• In case the complainant is dissatisfied with the response received or where no response
is received, the complainant may approach the Complaint Redressal Cell, Department of
Regulation & Supervision, National Housing Bank, 4th Floor, Core 5A, India Habitat
Centre, Lodhi Road, New Delhi - 110003 or email at crcell@nhb.org.in.

.The above terms and conditions have been read by the Borrower(s)/ read over to the
Borrower(s) and have been understood by the Borrower(s). The Borrower(s) has received
a copy of the MITC and has appended his signatures / thumb impression to this document
of his free consent and volition in sound state of mind after understanding the terms and
conditions mentioned herein and under the Loan Documents.

(Borrower(s) Name & Signature) (Signature of the Authorized person of HHFL)

1.

2.

3.

4.

For customer complaints: 9125328990 , akash.singh@hindujahousingfinance.com