Saraswat

Bank
Date: 08.12 2022
SCB/ZONE-VII/22-23/17

I/WITHOUT PREJUDICE
To Care
M/s. Eyevoke Opticals Vision
Sardar Harpreet Kour
Prop. Mrs.
No. 4/5,5 Near Bhosala
Shop
School, Samarth Nagar,
Military
Ramraiya Society Nashik.

Madam,
Sub: Your Proposal for Term loan under CMEGP Scheme

to inform you that the Bank on 08.12.2022 considered your proposa under re
We take pleasure
CMEGP loan Scheme on the following terms

Terms& Conditions:Annexure II Rs 33 25
Cash Credit Limit: Rs.14.25 Lacs and Term loan of
1. Limit of Loan Lacs Making a total of Rs. 47.50 Lacs to be disbursed at Jail

Road Branch, Nashik.

before 31st
Subject to: Annual review. Limit to be renewed annually
the basis of Final ITRs for the Preceding
December every year on
basis of final ITRs tor tme

year. Next renewal by 31/12/2023 on the

FY22-23.
2. Security Security:
Debtors Creditors
(Description Property) Cash Credit limit: Hypothecation of Stock
with 5% Margin
Term Loan. Hypothecation of Fixed assets to purcnased

3. Personal Guarantee of: Nil

4. Collateral Securityl NA, covered under CGTMSE Scheme

5. Margin For Term loan: 5 % min. of fixed asset to be purchase

For cash credit limit 5 %

6 Rate of Interest
Rate ofinterest: (Floating) with monthly rest
= 10.50% p.a.
PLR
- 425%
The Bank's present PLR is @14.75% p a Bank has ngnt to revise
the PLR from time to time and accord1ngly reset the appicabieE
Rate of Interest and stipulate the revIsed equated montny
installments In view of this the above ROI is subject to change
from time to time".
b) The Rate of interest and Processing fees are subect to cnange
from time totime The Interest rate and processing fees apoucaoie
on the date of Disbursement would be applied
7. Period Term Loan. 84 Month
8 Repayment in 84 monthiyinstallments nciuo.ng 3
Term loan: Repayable
months moratorium period) Rs 41000/-x 80 instaliment ang ast
installment of Rs. 45000/-
Monthly interest to be served separately
Cash Credit: Repayable on dermand and renewable every year
9 Valuation of Property Not applicable.
Valuation of property to be mortgaged / hypothecated snall oe acne
by an architect/ valuer of the Bank's choice and you wil have to
bearnecessary fees, expenses
Saraswat Co-operative
etc in that connect on

zONE VIl - NASHIK

Bank Ltd. (scheduled Bank)
F-18, 1st Floor, Utility Center, Opp.
Email: Z0nehead
Email:
Rajiv Gand
2310869/2579259 FA
Zonenead @saraswatbank.com EOEP575264"
OEAKELIsbelNe2 jo2 AN
cenlury 6 beyond
10. PenalInterest Penal Interest @ 2.00 % p.a. over the Rate of Interest applicable
will be charged on overdue installment/s and from the dateof
default till the date of payment. Bank also reserves the right to
charge Penal Interest in case of any other irregularities noticed
to you, after
during the currency of credit facilities sanctioned
necessary intimation to you in this behalf.
11. Prepayment Penalty Nil
12. Title Title of the property to be mortgaged shall be investigated by the
Bank's Legal Advisor/ Department and certificate that the title
Legal
is clear, marketable and free from any encumbrances is necessary.
Necessary Fees, Incidental charges etc. in that connection to be
borne by you.
14 Documentation The cost of documentation and advocate's fees for the same,
Registration and Stamp | registration and stamp duty will be borne by you.
Duty
15 Validity Period of Sanctioned Limit to be availed within 3 months from the date of
Sanction sanction.
16 Shareholding You will have to purchase shares of our Bank amounting to 2.5% of
sanctioned amount subject to maximum 2500 shares so as to
confirm to the stipulated linkage of shareholding to borrowing.
Branch to confirm the same. Guarantor/s shall be made nominal
member/s of the Bank.
17 Charges 1. Processing fee of Rs. 43938/- plus GST.
2. Field Investigation charges as applicable.
3. CERSAI charges: For registration of equitable mortgage with
CERSAI Rs. 50.00/ Rs. 100.00 to be paid by applicant at the
time of disbursement and charges for satisfaction of charge
Rs.250/-to be paid at the time of closure of loan account.
4. Architect Certificate charges if Occupation Certificate not
available (at actual) (if applicable)
5. Documentation charges Actual.
18 Special condition 1. Stock statement to be submitted
2.
on quarterly basis.
Disbursement of term loan by way of
payment to supplier
reimbursement against submission of original Tax Invoice.
or

3. Post disbursement visit

report (Machine installation verification)
to be kept on record.
Cash Credit to be disbursed after installation of Machinery &
verification of the same by branch official.
5. Third party access to
6. Insurance of
Shop premises to be obtained.
prime security to be obtained.
ZUndertaking to route all
turnover through account with us to be
obtain on record.
Quarterly visit to be paid and visit report of the same to be
on record. kept
9. CGTMSE composite all in Guarantee
Fee to be borne by the
borrower. Payment to be made
mandate to be taken from the directly from accounts for which
10. The other costs like borrower.
legal charges, valuation charges, stamp
duty on actual basis to be borne by borrower
11. EDP Training certificate to obtain on record.
12. The claim for
subsidy should be made by branch once the
disbursement (either part including
in the customer account and margin money or full) is done
should be applied for
portal. through the
13. Subsidy received to_be placed in
interest freedeposit for a
.TYcppon
 further continued
till the loan tenure.
Oa of 3 year and will be
loan after a minimum
to be appropriated towards the
t dne is lesS than or
enure of 3 years when the total loan outstanding
equal to the margin money.
to loan account
h e fixed deposit so created to be lien marked "bad" the Margin
ncase of default/if Banks advance goes DOl.
Money (Subsidy) will have to be returned to the
16. CERSAI registration to be confirmed by Branch.
17. Visit report to be brought on record before disbursement.
18. All KYC documents to be self-attested and verified trom
Original.
19. Any change in vendor and equipment within the capex limit to
be approved by the Zonal Head, Zone VI.
20. CA certificate confirming the GST amount will be capitalized to
be obtain on record.
21. Current account of the firm to be open.
22.All otherusualterms and conditions.
Please call on the Manage, Jail Road Branch, to complete the necessary formalities and
documentation to avail the sanctioned limits. The credit facilities will be disbursed on receint of all
documents duly executed and fulfilling all the terms and conditions stated in this letter.

Yqurs faithfully,
ZONE

VIl

Chief Manager,
Zone VIlI, Nashik.