Branch : RAPC HYDERABAD

Address ; G-2, 3-6-784/12 LEGEND VENKATESHA

BESIDE TAJMAHAL HOTEL NARAYANAGUDA

Phone No: Fax

BM Direct: Email : rl90@indianbank.GO.in

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Ref No: IR6399680EF Date: 01/06/2024
Mr. / Mrs: Mr.VAMSHIj R AKINAPALLYMrs.Pulumati Jyothi
Address: C/O ^RAM CHANDR5M-+!rfvja726/C PHASE 1 ALLWYN COLONY KUKATPALLY HYDERABAD
MEDCHAL MAt JGIRI ME L MALKAJGIRI TELANGANA INDIA 500072

Dear Sir / Madam,

We are glad to accord our sanction as follows:

Home Loan
Sanction Letter-cum-Key Fact Statement
Branch JUBILEE HILLS
Name of the Borrower(S) Mr.VAMSHIDHAR AKINAPALLY,Mrs.Pulumati Jyothi
Type of Loan Home Loan
Purpose Construction of house on plot already owned

Loan Amount (in Rate of Interest Floating / Compounding Margin (%) LTV (%)
Rs.) Fixed periodicity

5050000 8.40% Floating Monthly 56.42 43.58

*Repo rate (6.50%) + Prime Spread 2.70%+Credit Risk Premium 0,00%+Business Strategy Premium 0:,Q0%-
Business Strategy Discount 0.80% p.a presently.

interest rate applicable as per the REPO rate prevailing in CBS on the date of opening of Loan account

Repayment Terms:

Loan Term Holiday Period * Repayment

12 Months 252 EMis

264Months

‘Interest to be serviced during the holiday period as and when debited.

EM! Amount (Rs.) EMI Starts From Due Date

** Payable on or before 7th of

42715
every month______________
** 1) Next month from the date of availment - for loan without holiday period
2) Next month from the completion of holiday period of 12 months or completion of construction, whichever
is earlier -for loan with holiday period

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•t Faclity Limit Margin (%) ‘Rate of Interest Repayment
(In Rupees.) (%)
Non Priority -Term Loan 4997
234386 Nil 10.15
GMRA Repayable
Premiums , in 60 EMIs

*REPO Rale-% plus Prime Spread-% plus Risk spread-% , > '
$Group Mortgage Redemption Assurance Scheme (GMRA)
Optional Loan for payment of Single Premium towards Group insurance Policy covering the life of- the
borrowers. The insurance cover is on diminishing basis, based on the repayment schedule of loan account.
Borrower may avail the said optional loan (if required).

Mode of communication of changes in Changes will be ported in Bank’s website and

interest rates displayed in Branch Notice Board

nii» Fee Payable

On Application Processing Charges: Rs.0.00/-
CiC Report Charges: Rs.30/- + Applicable GST per
report
Actual Cost of Legal Scrutiny Report (LSR) &
Engineers Valuation Report (EVR)*
(*Two LSR & EVR is insisted beyond threshold limit)
At the time of availing the loan 0 Equitaole Mortgage (EM) Charges: NIL
0 Cost of Registration of EM / MODTD - wherever
applicable
0 CERSAI Charges - For Loans upto Rs.5.00 lakhs -
t* Rs.50/- -r ST and for Loans above Rs.5.00 lakhs
i[
RS.100/-+ ST
During the term of the loan 0 Actual Charges for obtention of Certificate of
Genuineness of Title Deeds
0 Aetna charges for Engineer's Report on: level of
progress / completion
0 Building / Asset Insurance charges - covering the
loan period
0 Incidental Charges of Rs.250/- (annually)
0 Encumbrance Certificate charges (annually)
0 Actual cost of fresh EVR after every three years
h

On foreclosure No foreclosure charges

Penal Charges i) at the rate of 2.00% per annum plus applicable GST
for the period of default, in the event of default in
payment of interest/ instalments on the respective due
dates.
ii) at the rate of 1.00% per annum on loan outstanding
for non-compliance with any of the material terms and
conditions of Sanction for the period of non- compliance
plus applicable GST.

Fee Refundable if loan not sanctioned NIL

I disbursed
Equitable Mortgage of all that Residential Building Consists
Details of Security / Collateral obtained of stilt+2 Upper Floors with total built up area of 2215.86 Sft
on Plot No. B-16 admeasuring 125 Sq. Yards in Survey No.
«[;■
336 Kukatpally Village & Mandal,under GHMC Kukatpally
Circle, IVedchal-Malakigiri District, Telangana.......................
North House on Plot NO. B-15

South House on Plot NC. B-17

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East House'on Plot NO. B-13 ;

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West Road

NA
Personal Guarantees
As Annexed
Other Terms & conditions, Key Fact Statement <&
Illustrative Repayment Schedule___ _ ______

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Annexure
Terms and Conditions

Proposal Specific Term & conditions:

l.FRE. DISBURSEMENT : SPECIFIC TERMS & CONDITIONS FOR BRANCH
1 Documentation to be completed as per the Documentation Manual and DAMC Approval to be taken.
2 Branch to close the Home loan of outstanding balance of Rs.7.76 lakhs.
3 Release of MODT of existing Home loan to be done.and to be done simultaneously.
4 EM to be created and Registration of MODT for the Proposed Home loan to be done.
5 The Customer should submit an affidavit-cum-undertaking that he/she shall not violate the sanctioned plan
and construction shall be strictly as per sanctioned plan.
6 All Original Documents as per LSR to be obtained and held in branch.
7 Disbursement of Rs.50.50 lakhs towards cost of construction of stiH+2 upper floors in phase manner
according to progress of construction
8 ECS/SI mandate to be initiated from Salary account of applicants, at least two post dated cheques to be
oota ned during the documentation itself.
9 Branch has to generate the Repayment Schedule in a way that First 12 EMIs interest to be served and 13-
156 EMIs @ Rs.42715/-p.m, Bullet Repayment of Rs.16.15 lakhs at the 156 EMI from his terminal benefits, After
that EMI of Rs.21362 /-p.m to paid for 108 months.(schedule attached)
10. LSR, EVR, CIBIL and other charges to be paid
11. ECS to be initiated from the salary account of the applicant.
12. Key facts statement as per Circular No. 22409 dated 18.03.24 to be obtained.

PRE DISBURSEMENT : SPECIFIC TERMS & CONDITIONS FOR CUSTOMER

1 The Customer should submit an affidavit-cum-undertakinqthat the built up property will be construcied as
per the sanctioned plan/or building bye-laws and as far as possible has a completion certificate also.
2 CERSAI Registration to be done. '
3 All Original Documents as per LSR to be submitted—
4 At least 6 Post dated cheques to be submitted to the Bank.
5 LSR, EVR, CIBIL and other charges to be paid
6 The borrower (including co-applicants/Co-applicants) has to give an Undertaking stating that the ECS
mandate / Standing Instruction given by him will not be revoked during the tenure of the loan without our Bank's
written consent.
POST DISBURSEMENT : SPECIFIC TERMS & CONDITIONS FOR BRANCH
1. The property financed under the Home Loan should be insured at Borrower’s cost and the policy has to be
kept renewed every year without any time gap.
2. Interest to be serviced during the holiday period.
3 Branch has to explore with customer for mobilizing application under PM Surya Ghar Scheme
4 BM has to visit the property before disbursement of 2nd installment to check the stage of construction and
whether the construction is going as per the approved plan or not.
5 Loan should be disbursed in stages corresponding progress in construction after verifying the completion
by Banker’s approved valuer. Branch is to ensure end use of funds.
6. Completion certificate to be obtained from the panel valuer within 3 months of completion of construction.
7. Certificate from the Banks approved Engineer to be obtained at various stage of construction of the Building
certifying that the construction of building is as per Sanctioned plan.
8. Periodical inspections of the property should be carried out by Branch every six month.
9. Feedback report submitted within a month of the sanction.
POST DISBURSEMENT : SPECIFIC TERMS & CONDITIONS FOR CUSTOMER
1. Party to submit the Tax Paid Receipt every year regularly.
2 EC to be taken every year.
3. Insurance of the House is to be done for the entire repayment period for all the attendant risks with Bank
Clause.
4. EMI to be paid regularly before 7th of every month.
5. All the Bank Guidelines to be followed from time to time
SPECIFIC CONDITIONS:
1. Bank may partially or fully withdraw concession in ROI with one month prior notice, if Repo rate reduces by
50 basis point or more from current Repo rate 6.50%.
2. The rate of interest mentioned is after allowing concession of 0.80 %.

Pre-Release:

l.The validity of sanction is restricted to 6 months. Subsequently the bank reserves the right to refuse revaiidation.

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On revalidation, bank reserves the right to change the terms and conditions including rate of interest based on the
review of the proposal at the time of revalidation.

2.Facility will be released only after documentation is completed in all respects.

3.Up to date NIL encumbrances will be obtained before releasing the facility and within 4 months of Registration of
EM and once a year thereafter.

4.Details/documentary evidence relating to Seller namely PAN Card (duly self-attested), copy of Bank pass­
book/statement evidencing the name of the Bank/Branch, Account No along with IFSC code shall be sub-mined to
facilitate disbursement.

5.In case of outright purchase of house/site, letter authorizing the Bank to collect the original sale deed directly
from the Registrar's office is to be submitted before disbursal of loan.

6.Home Loan will be disbursed in full in case of outright purchase /takeover, in other cases, it will be disbursed in
stages based on the level of progress in construction. Appropriate margin money shall be brought in either in
advance or at the time of disbursal.

7.ECS Mandate / Standing Instruction towards recovery of EMI to be given before release of loan. In addition, two
postdated cheques (in. CTS2010 standard format) to be submitted.

Post-release:

l.AII EM created by deposit of title deeds / Extension of EM have to be mandatorily registered with the Central
Registry which is in addition to existing legal provisions for stamping and registering of EM as per applicable
local stamp/registration laws. Applicable charges to be borne by the applicant.

2.Certificate of Genuineness of Title Deeds from the panel Advocate will be obtained immediately on creation of EM
over the property

3.Branch official will inspect and satisfy themselves about utilization of loan amount besides obtaining certificate from
Bank's approved Engineer before release of loan at every stage. After completion of the Building, Final Valuation
Certificate and Completion Certificate from Panel Engineer will be obtained.

4.Property should be adequately insured for the full loan tenor against all attendant risks with Agreed Bank Clause "
Insurance policy should be in force by prompt renewal and enhancement to be done whenever there is an increase
in the value of the building

5.Bank will have the right to inspect, at all reasonable times, the property under consideration by an officer of the
Bank

6.Proof of payment of property tax up to date to be submitted immediately and once a year thereafter.

7.In case of delay/default in repayment, Bank at its discretion may recall the entire advance.
8.Bank reserves the right to vary the interest rates either by varying Prime Spread or Risk Spread or both. Also,
interest rate may change with the change in Policy Repo Rate.

In case of Takeover of Home Loan:

1.Prospective Borrower to submit a letter requesting'olir Bank to repay his outstanding loan with the orig-ina!
lender by debit to the loan account with us.
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2.Letter addressed to the Bank/FI from whom the Home Loan is being taken over, requesting them to deliver the Title
Deeds and other related documents if any, direct to our Bank upon receipt of the loan amount to be submitted
by the prospective borrower.

3.The amount payable for closure of the loan with Bank/FI will be disbursed directly to the Bank/FI from where the
loan is taken over.

4.For creation of EM in the case of takeover of accounts, obtention of documents shall be simultaneous with the
handing over of Draft / Pay order to the other institution or on realization of. the instrument. In the meantime,
a Memorandum of EM based on copies of documents and undertaking to create EM on original documents on
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 receipt of the same directly from the previous Bank / Financial Institution will be obtained.

5.If the EM had already been registered in favor of the previous bank /FI, the same will have to be discharged.

6 Modification of our Bank’s interest in Insurance Policy in case of take over accounts will be done.

In case of Plot Loan:

1 The construction of the house should take place within maximum period of 5 years from date of loan sanction,
subject to compliance of Terms & Conditions stipulated by Government Authority/ Development Authority,, if any. If
the construction is not completed within the maximum stipulated period, higher interest rate applicable for ind
Mortgage Loan will be charged for the delayed period after expiry of stipulated period.

2 Declaration by the borrower undertaking to complete construction within the maximum stipulated period and
agreeing to pay higher rate of interest for the delayed period of construction is to be submitted.

General Terms & Conditions:

1. In case of floating rate of interest, there may be changes in EMI / tenor or both consequent upon changes in
the Repo rate/Spread.

2. Switching of loan from Floating to Fixed rate and vice versa is permitted on the date of ‘reset of interest rate’
and allowed once in a Financial Year on following terms -
Permitted Switchover Number (s) and Frequency:
Tenor of Loan No. of times a borrower is allowed to switch
Tenor < 5 years 1 time
Tenor 5 to < IQ years 2 times (once in every 5 years)
Tenor > 10 years 3 times (once in every 5 years)

Switchover Charges per switch:

Loan Switch charges on Outstanding
Outstanding Loan Amount
Balance
<10 lakhs 0.50%
>10 lakhs to <50 lakhs 1.00%
>50 lakhs to < 1 Crore 1.50%
>1 Crore Rs. 1.50 Lakhs

3. Home Loans sanctioned should be for residential purpose / use and not for commercial purpose.

4. The construction shall be strictly as per the sanctioned plan without any violation. An affidavit -cum-
urdertaking will have to be submitted in this regard for applicable cases. Applicant to submit completion certificate,
wherever applicable, from the competent authorities.

5. In addition to these terms and conditions all the facilities sanctioned shall be subjected to the Bank's rule as
well as the directives issued by the RBI or any other Regulatory Authority from time to time.

6. The bank reserves to itself the right to cancel/suspend/reduce any or all the limits sanctioned or o
alter/amend/vary the terms of sanction including rate of interest at its sole discretion without assigning any
reason. The consent of the borrower to this effect must be obtained and kept alongside other documents.

7. Borrower will have (o submit written request for waiver of GMRA.

8. Balance statement will be issued on demand. Interest Certificate (IT purposes) will be issued during the
month of April.

9. Notwithstanding anything contained in the documents for the advance, we reserve our right to recall tie entire
amount of advance together with interest and other charges or any part thereof, if the Bank apprehends or has reason
to believe that the entire loan amount or part thereof has been used for any purpose other than for which it has been
sanctioned.

Indian Bank
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«<Qicicp TflJT Hcitiip------- -

Asst. General Manager
aiR.C.tft.sfi., $5/R.A.P.C., Hyd.