SANCTION LETTER

Sanction Date :25 Sep 2018

Application Reference No:2018091800024
Gunjan Shah & Puspita Shadangi
C 104, Palladio,
Tathawade,
Near Bhumkar Chowk, Chafekar Chowk,
Chinchwad,Maharashtra,
INDIA, 411033

Dear Sir/Madam
With reference to your loan application, we are pleased to inform you that your loan request has been approved in principle by Piramal Capital
& Housing Finance Limited (PCHFL), on the following terms and conditions:

Nature of Facility Home Loan

Purpose of Loan Direct Builder
Amount of Loan Home Loan Upto Rs.72,13,000
Life Insurance Premium Amount
General Insurance Premium Amount Rs.37,015
Interest Rate Type Floating
RPLR 15.50% p.a.
Rate of interest 8.40% p.a.
Rest Frequency Monthly Rest
Term of Loan 300 months
Equated Monthly Installment (EMI) Rs.57,891
Processing Fees Rs.8,511 (Inclusive of GST)
Mode of payment -

1 All Property owners to be on loan structure

2 Case proposed under normal scheme
3 Co-applicant Puspita Work experience of Year 2015-16 is reqd.
4 Dual Sign affidavit of applicant is reqd.
5 Interest Certificate under Section 80 (c) and 24 (b)of Income Tax Act would be issued for HL Loan Amount only
6 Letter from SBI / Document reflecting no Overdues in AL to be documented.
7 LTV on the Proposed collateral to be restricted to 80% of MV.
8 OCR Receipts & Clearance to be documented
9 Official mail confirmation of applicant & co-applicant to be documented
10 Property Insurance to be taken mandatory.
11 Repayment to be via NACH mode from HDFC Bank Salary A/c - 4047.
12 Subject to Positive Legal, Technical and other verification as per the PHFL norms.
If the above terms and conditions and the General Terms and Conditions printed overleaf are acceptable to you, please return the duplicate
copy of this Sanction Letter duly signed by all applicants as a token of your acceptance.
We look forward to disbursing this Loan and request you to complete all the formalities in this regard.

Yours Faithfully,
For Piramal Capital & Housing Finance Limited

Authorised Signatory

Accepted by :

(Gunjan Shah & Puspita Shadangi )

General Terms & Conditions:

1. Loan amount will be subject to valuation of the Property (being offered to PCHFL as a security) as assessed by PCHFL.
2. Repayment of the Loan in EMIs will be from your primary operating/salary account, through the National Automated Clearing House
(NACH) system. You will be required to provide a NACH Mandate Form duly signed by y ou and all the other bank account holders,
authorizing your above bank to debit the above mentioned account with the amount of the EMI.
3. The rate of interest mentioned overleaf, is based on the current prevailing Retail Prime Lending Rate (RPLR) of PCHFL and the same may
vary at the time of disbursement of the Loan or during the subsiste nce of the Loan as specified in the terms of the Loan Agreement.
4. As a result of variations in the Rate of Interest, the amount of the EMI and / or the number of EMIs is liable to vary from time to time.
5. Processing fees are not refundable.
6. The Loan together with interest and other charges shall be secured by:
a. Exclusive first charge of PCHFL on the Property by way of Equitable Mortgage, unless otherwise specified in Special Conditions.
b. Such other security as PCHFL may stipulate.
7. Any disbursement under this Sanction Letter shall be made only after you have fully invested your own contribution.
8. The Loan shall not exceed such percentage of the documented cost or market value of the Property whichever is lower, as prescribed
under the applicable regulatory norms.
9. Disbursement of the Loan is subject to completion of legal and technical due diligence of the Property, compliance of KYC requirements
& execution/submission of necessary documents as required by PCHFL.
10. Loan will be disbursed in lump sum or in suitable instalments, considering the need and progress of construction as determined by
PCHFL.
11. Interest on the amounts partially disbursed (Pre-EMI Interest) will be payable till the Loan is fully disbursed.
12. You shall fully insure the Property against all losses, damages on account of fire, riots and other hazards like earthquake, floods and any
other insurable risk as required by PCHFL for cost of the property and such insurance pol icy obtained by you will be assigned in favour
of PCHFL.You shall submit the insurance policy to PCHFL.
13. This offer is valid for a period of 90 days from the date of this letter and on the expiry of this validity period this sanction shall
automatically stand cancelled with no prior intimation from PCHFL. Restoring the sanction will be at the sole discretion of PCHFL
including but not limited to any new conditions that PCHFL may require and payment of any additional fees for such restoration.
14. You will be required to bear and pay applicable stamp duty, CERSAI charges and all statutory and regulatory charges /taxes/GST, wherever
imposed, levied, collected, withheld or assessed by any government authority, whether on Loan approved herein, transaction
documents,acquisition or provision of Property, or otherwise, pursuant to the applicable laws, during the pendency of the Loan. These
charges are non-refundable in nature and payable at the time of disbursement as and when due.
15. This Sanction Letter is in supersession of any other Sanction Letter that may have been issued by PCHFL for this purpose.
16. Kindly make payment of the balance processing fees as indicated overleaf through a cheque marked "Account Payee only" drawn on and
payable at any bank in India in the name of "Piramal Capital & Housing Finance Limited" (If already paid, please ignore)
This sanction shall stand cancelled and revoked if:
i. There is any material change in the opinion of PCHFL on the basis of which the Loan had in principle, been sanctioned.
ii. Any material facts regarding your income, employment, or ability to repay, or any other relevant aspect of your application for the Loan is
suppressed, concealed misrepresented or not made known to us.
iii. Any statement made in the loan application or otherwise is found to be misleading, untrue or incorrect.