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    Shravan R
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    Ankitha Srinivas has applied for a loan against property from Standard Chartered Bank for the purpose of purchasing land and constructing a building, as stated in application number [number] dated December 7th, 2022. Ankitha confirms that the purpose of the loan is valid and not speculative or illegal. Ankitha also agrees not to change the purpose of the loan without prior written permission from the bank and understands that any breach of this agreement would constitute a default on the loan.

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    END USE LETTER

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    Ankitha Srinivas has applied for a loan against property from Standard Chartered Bank for the purpose of purchasing land and constructing a building, as stated in application number [number] dated December 7th, 2022. Ankitha confirms that the purpose of the loan is valid and not speculative or illegal. Ankitha also agrees not to change the purpose of the loan without prior written permission from the bank and understands that any breach of this agreement would constitute a default on the loan.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    End Use Letter

    Uploaded by

    Shravan R
    Ankitha Srinivas has applied for a loan against property from Standard Chartered Bank for the purpose of purchasing land and constructing a building, as stated in application number [number] dated December 7th, 2022. Ankitha confirms that the purpose of the loan is valid and not speculative or illegal. Ankitha also agrees not to change the purpose of the loan without prior written permission from the bank and understands that any breach of this agreement would constitute a default on the loan.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 1

    12/07/2022

    Dear Sirs,

    Sub: Application for Loan against Property / Top up

    I ANKITHA SRINIVAS refer to the Application No. _______ dated 12/07/202 submitted by me to
    Standard Chartered Bank for availing of a Loan Against Property

    As stated in the said Application Form, the said Loan is for the purpose of PURCHASE OF PLOT AND
    CONSTRUCTION

    I/We hereby represent, warrant and confirm that the aforesaid purpose is a valid purpose and is
    not speculative or illegal in any manner.

    I/We further agree, confirm and undertake that the purpose of use of funds under the Loan shall
    not be changed in any manner during the tenor of the Loan; or that such change in purpose shall
    take place only with the prior written permission of Standard Chartered Bank.

    I/We agree that any breach or default in complying with all or any of the aforesaid undertaking(s) will
    constitute an event of default under the Loan Agreement.

    Thanking you,
    Yours sincerely,

    Applicant Co-applicant

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