Sanction Letter

Loan Account Number : H404HHL1138722

Sanction Date
Primary Applicant Name
Residence Address
Co-Applicant Details
S. No
Co-Applicant 1 Name
Co-Applicant 1 Contact Number
Property Address
Registered Contact Number
Email ID
: 06-Sep-23
: S THEJESH KUMAR
: FLAT NO B-308 BMS APARTMENTS 4TH CROSS,
OPPOSITE CHOWDESHWARI TEMPLE , MARUTHI
LAYOUT HONGASANDRA BANGALORE SOUTH,
BANGALORE, KARNATAKA, INDIA, 560068
Co-Applicant Name
R SUJATHA
6363183894
: Flat No. 308, Sy No. 85, Block B, Third Floor, “B M
S,APARTMENT”, Maruthi Layout, Hongasandra
Village, Begur Hobli, Bangalore,South Taluk,
Bangalore,
Karnataka,Begur,BANGALORE,KARNATAKA,560076
: 9538228575
: Thejeshkumar06@gmail.com

Subject : Sanction letter of your HHL-Home Loan - BHFL

application from Bajaj Housing Finance Limited
(hereinafter referred to as ‘BHFL’ or ‘Lender’)

Dear Sir/Madam,
We thank you for choosing BHFL as your financial partner and look forward to
an enduring relationship with you.
With reference to your loan application, we are pleased to inform you that we
have approved your loan as per the terms and conditions mentioned in this
letter along with special conditions, if any.

Loan Type : HHL-HHL-Home Loan - BHFL

Loan Variant : Term Loan
Type of Transaction : Balance Transfer
Purpose of Loan : Builder Purchase
Sanctioned Amount : Rs.2,845,000.00
(Including VAS Amount)
Insurance Amount (Incl. in : Rs.0.00
Sanction Amount)
BHFL Floating Reference : 15.4 % (Per Annum)
Rate (BHFL FRR)
Repo Rate*** : NA
Interest Type : Floating
Type of Floating Rate of : BHFL FRR
Interest
Periodicity of Interest : Monthly
Application
Spread : -6.900000000%
Effective ROI : 8.500000000%
Equated Monthly Instalment : Rs.35,274
(EMI)*

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Total Loan Tenor : 120
Flexi Scheme : NA
Flexi Interest-only Tenure : NA
Flexi Term Loan Tenure : NA
Flexi Loan Total Tenure : NA
EMI Option : EMI on Disbursed Amount
EMI Holiday Scheme Opted : NO
EMI Holiday Tenure 0
MY EMI scheme : No
Grace Period : NA
Grace Amount : NA
PMAY Eligibility : NA

*The EMI is indicative and may be subject to changes depending on factors,

including but not limited to, the actual loan amount being utilized and the
stage of construction of the collateral.

***“Repo rate prevalent as on 6th March 2023 which is subject to changes

thereon as announced by the Reserve Bank of India post 6th March 2023.”

VAS Details
VAS Name VAS Charges Mode of Sum Assured Tenure
Collection
No records to display

Fee Details
Fee Type Amount Mode of Collection
MOF Fee (Inclusive of GST
NA NA
18%)
Commitment Fee (non-
refundable) (Inclusive of GST NA NA
18%)
Processing Fee** (Inclusive of
NA NA
GST 18%)
AMC Charges (to be paid
annually) (Inclusive of GST NA NA
18%)#

Stamp Duty NA NA

Total Fees to be deduct from Disbursement

NA
(Inclusive of GST 18 %)
Total Amount Paid By customer NA
MOE MODT is applicable as per state law of the property.

Annual Maintenance : NA
Charges# (AMC %)

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#Annual maintenance charges are only applicable for all flexi loans. Flexi loan
is a facility where the customer can withdraw and part-pay the loan as and
when required. AMC for the first year is deducted from disbursement amount
and from second year onwards on the anniversary it shall be debited from
Loan/Repayment account till end of the loan. AMC will be charged as per the
agreed terms and conditions and commercial confirmation given by you before
disbursement of the loan.
Sanction Letter Validity : 30 days from sanction date.
Review of Interest Rate : Interest Rate is linked to BHFL FRR/Repo Rate
and is subject to change time to time at the
sole discretion of Bajaj Housing Finance
Limited
Special Conditions (As : 1. BT Bank all LAN’s loan ac number & Property
applicable) Address proof >>Ops to check
2. Katha and latest tax paid to be documented
>>.Ops to check
3. Housing Loan from LIC HOUSING FINANCE
LIMITED with Sanctioned Amount of Rs.
3,000,000.00 and POS of Rs. 2,862,898.00 -
Proposed BT


I/We understand that the BHFL is entitled to change the rate of interest
applicable on the loan at its sole discretion basis its internal risk grading
parameters and as per the risk adjusted margin. I/We declare that I/We shall
be bound by the changed rate of interest and repay the loan accordingly.

We request you to please acknowledge and return the duplicate copy of this
sanction terms as a token of having accepted the terms and conditions
mentioned above and overleaf

I/We understand that my/our action of entering the OTP tantamounts to me/us
accepting the sanction terms, the terms pertaining to the Value Added
Services and all the terms and conditions mentioned in this letter.

^EMI Holiday Scheme means that the EMIs become payable after EMI Holiday
period. EMI Holiday period is not an interest free period and the interest will
continue accruing during the same and the loan amount would increase
accordingly. The revised loan amount would be amortized over balance
tenure of the loan. Under EMI Holiday scheme no part payment can be made
OR the loan cannot be pre-closed for the period till the first EMI is cleared. EMI
holiday is not applicable to Flexi Term Loan.

Type of interest Charges

Floating rate loan to Individuals / Nil
Non Individuals except for
Business purpose
Prepayment Part Floating rate loan to Individuals / 2% of the Part
Prepaymen Non-Individuals (For Business Payment Amount +
t purpose) Applicable taxes (Part
Fixed rate to Individuals /Non- payment charges are
Individuals (specific tenor or full not applicable for flexi
tenor)# loan)

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 Type of interest Charges
Floating rate loan to Individuals / Nil
Non Individuals except for
Business purpose
Full Floating rate loan to Individuals / 4% of the Part
Prepaymen Non-Individuals (For Business Payment Amount +
t purpose) Applicable taxes (Part
Fixed rate to Individuals /Non- payment charges are
Individuals (specific tenor or full not applicable for flexi
tenor)# loan)
# Nil for Housing Loan closed by the borrower out of their own sources. The
expression “own sources” for the purpose means any source other than by
borrowing from a bank/ HFC/ NBFC and/or a financial institution.
GST as applicable will be payable by the Applicant in addition to the
Prepayment Charges Amount of Part Pre-Payment has to be equal to or greater
than at least 1 EMI/Monthly Instalment. The Full and/or Part Pre-Payment can
be made by the Applicant only after clearance of first EMI/Monthly Instalment
by the Applicant.
The Borrower agrees and understands that in the event of any discrepancy in
the Foreclosure Charges as mentioned in the Sanction Letter and the Loan
Agreement, the Foreclosure Charges as mentioned in the Sanction Letter will
prevail.

Purpose of Loan: The following loans shall be classified as loans for business
purpose: • Lease Rental Discounting Loans. • Loans Against Property availed
for Business Purpose i.e. Working Capital, Debt Consolidation, Repayment of
Business Loan, Expansion of business, Acquisition of Business asset or any
similar end usage of funds. • Loan for purchase of Non-Residential Property. •
Top up loans for Business Purpose i.e. Working Capital, Debt Consolidation,
Repayment of Business Loan, Expansion of business, Acquisition of Business
asset or any similar end usage of funds.
VAS Product Feature

Terms and Conditions

1. Bajaj Housing Finance Limited reserves the right to amend any of the terms and
conditions or cancel or recall or accelerate the loan facility as per the terms &
conditions more particularly stated in Loan Agreement.
2. The amount of the loan facility, for home loans, is fixed, inter alia, on the
assumption that the cost to be incurred by you for the dwelling unit will be
estimated in your application. In the event of actual cost incurred being less,
BHFL reserves the right to suitably reduce the amount of loan.
3. All the terms and conditions mentioned in this letter are subject to the execution
of the Loan agreement and other documents and writings as BHFL may specify
in its prescribed format.
4. Prepayment terms are subject to be changed in accordance with the terms of the
Loan Agreement.
5. Pre-EMI as applicable will be chargeable from the applicant(s).
6. Insurance is the subject matter of solicitation. Insurance is optional and premium
as agreed by the applicant(s) on Insurance enrolment form will be deducted
upfront from disbursed loan amount and the applicant(s) acknowledge that they
may need to undergo medical tests for insurance depending upon the information
furnished in the medical questionnaire and in the insurance enrolment form.

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7. In cases where a Home Loan is availed for the purchase of Plot and/or
construction of a residential property thereon, if the construction of residential
property is not completed within 36 months from the date of disbursement of the
loan, BHFL has full discretion to classify the loan as a non-Home Loan and revise
the Interest Rate applicable on this loan as applicable for non-Home Loans.
8. For under-construction loan if the subsequent tranche is not disbursed for more
than 6 months from the date of previous tranche disbursement, for any reason,
the loan will be assessed as per the prevailing underwriting norms of BHFL.
9. If the applicant(s) are availing the facility for the purchase of an under
construction property from a developer where the disbursements are linked to
the stage of construction of the project, the applicant(s) agree and confirm that
BHFL shall not be obliged to continue the disbursement of the credit facility and
BHFL may, absolutely and unconditionally, reduce, revoke, cancel, recall, stop
and/or modify the sanctioned amount, at its discretion, at any time if the
construction of the project is stopped or if the credibility of the developer is
classified as negative as per the internal credit and risk assessment of BHFL.
10. “Bounce charges applicable on the bounce of any EMI/other dues is as
mentioned on the Website of the Lender. Penal charges will be charged
@24% per annum in addition to the applicable Interest Rate on overdue
amount.”
11. The applicant(s) acknowledge that Insurance, stamp duty, Taxes, Duties or
Cesses, and/or all other levies and imposts, by whatever name called, in relation
to the Loan and the Loan Documents & other related charges specific to the Loan
and the documents related thereto shall be borne by the applicant(s) and no
cash/bearer cheque has been collected from the applicant(s) with respect to the
loan, also no gifts/kinds are committed to the applicant(s) which is not
documented in any documents of BHFL. The applicant(s) further undertake to
reimburse all such amount, mentioned under above paragraph to BHFL in the
event any such taxes, duties, etc. are paid by BHFL due to any reason. The
Applicant(s) agrees and understands that the amount of stamp duty applicable
on the Loan Agreement and other documents will be deducted from the amount
disbursed.
12. This sanction letter of offer shall stand revoked and cancelled and shall be
absolutely null and void if: (a) there are any material changes in the proposal for
which this loan facility is, in principle, sanctioned; (b) any material fact
concerning the applicant(s)’ income, or ability to repay, or any other relevant
aspect of the applicant(s)’ proposal on the application for loan is suppressed,
concealed or not made known to BHFL; (c) any statement made in the loan
application is found to be incorrect or untrue.
13. The applicant(s) understand that the BHFL is entitled to increase the rate of
interest applicable on the loan at its sole discretion basis any movement in its
Cost of Funds, its internal risk grading parameters and as per the risk adjustment
margin, and the applicant(s) declare that the applicant(s) shall be bound by the
increased rate of interest and repay the loan accordingly.
14. The applicant(s) declare that neither the applicant(s) nor the security offered by
the applicant(s) to BHFL is/will be subjected to any adverse action, risk (including
litigation risk) which may prejudicially impact the interests of BHFL. Further, the
applicant(s) are obliged to ensure that the security offered to BHFL shall be free
from all encumbrances & litigations at all points of time till the total repayment
of the entire loan amount together with applicable interest and charges.
15. The applicant(s) agrees and confirms that BHFL shall not be obliged to grant and
continue any credit facility, if it is apprehended that the sanction terms are not
or may not be met to the satisfaction of BHFL. Further, BHFL may after 60 days
from the date of first disbursement (In other than under construction Home
Loans), reserves the right to absolutely and unconditionally, reduce, revoke,
cancel and/or modify any undrawn amount (in whole or part), if any, from the

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 Sanctioned amount, at its sole discretion, at any time, without giving any prior
notice to the applicant(s) or without assigning any reasons thereof.
16. The Floating Rate of Interest applicable on Loans availed where the rate of
interest is linked to the BHFL FRR shall stand revised upon any change in FRR
done by the Company. For loans availed where the rate of interest is linked to
the Repo Rate, the applicable Rate of Interest will be reset upon any change in
the Repo Rate by the Reserve Bank of India.
17. BHFL, at its sole discretion, reserves the right to retain the Security Documents,
including the papers related to the Property offered as Security against this loan,
till such time that all other existing loans/financial facilities availed by you from
BHFL are fully repaid and closed to the satisfaction of BHFL.
18. The applicant may opt for reduction in applicable interest rate, and the BHFL may
at its sole discretion reduce the applicable interest rate upon the payment of the
switch fee by the applicant, which will be calculated at the sole discretion of the
BHFL.
19. In Flexi Term Loan monthly interest calculation is subject to utilization. Interest
will be charged on the utilized amount only and computed on daily outstanding
amount.
20. For flexi loans monthly principal charged/ dropped will be subject to utilization
and loan variant opted.
21. Excess amount paid (in excess of the monthly instalments) during the Flexi Term
Loan Tenure can be drawn back by the applicant(s) up to the maximum of flexi
loan limit or Principal utilized at any point of time. The Applicant(s) agree that
BHFL reserves the right to freeze the undrawn amounts under the Flexi Loan
Limit/ block the Flexi Facility at its sole discretion at any time without assigning
any reason thereof.
22. The Applicant and the Co-Applicants agree that any of the terms mentioned in
the Sanction Letter can be revised by the BHFL post receiving a confirmation of
the revisions from the registered e-mail address of any of the Applicants or Co-
Applicants. The Applicant and the Co-Applicants further agree that the e-mail
acceptance of the revised terms by any one of the Applicants or the Co-Applicants
will be binding on all the Applicants and Co-Applicants and the same will not be
disputed in the future by any of them.
23. The terms and conditions mentioned in this Sanction Letter constitute the sole
and final understanding between BHFL and the Applicant(s). BHFL shall not be
held responsible if the Applicant(s) relies on any communication, whether prior
or subsequent, other than this Sanction Letter, unless specifically revised by
BHFL through a fresh sanction letter.
24. The BHFL shall have the right to Withdraw/block/freeze/terminate/convert to term
loan the Flexi term loan or the Flexi Flexi hybrid loan upon occurrence of any
event which has a Material Adverse Effect or any event which is likely to have a
Material Adverse Effect or an Event of Default at its sole discretion at any
time.
25. In Balance Transfer cases, the applicant(s) undertake that the
documents pertaining to the property will be collected from the existing
Lender and submitted to BHFL within 15 days from the date of
disbursement.
26. If the property/ies being offered as security are located in Maharashtra, the
applicant(s) undertake that they shall generate the Notice of Intimation (‘NOI’)
online as per the requirements under Section 89B of the Registration
(Maharashtra Amendment) Act, 2010. The applicant(s) undertake to get the NOI
certified by the Authorised Representative of BHFL as mentioned in schedule of
the Memorandum of Entry (‘MOE’). Post certification by BHFL Officer, the
applicant(s) undertake that they shall file the NOI with the concerned sub-
registrar within 30 days from the date of MOE and submit a proof of the same to
BHFL.

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27. The BHFL shall have an unqualified right to disclose the name of the Applicant to,
RBI and/or NHB, stock exchange, Account aggregator, NESL, auditors, Bankers,
Investors and any Credit information companies as defined at section 2(e) of The
Credit Information Companies (Regulation) Act, 2005 (“CIC”). The Applicant gives
its consent to the BHFL to initiate queries pertaining to the Applicant with any
CIC during the tenure of the Loan.
28. As per the applicable provisions, the Purchaser/Transferee/Buyer of Property is
mandated to deduct applicable tax at source based on the requirements of the
case, on behalf of the Vendor/Transferor/Seller from the consideration for the
transfer of the property. In view of the same, you will be required to provide
necessary evidence of having deducted the same and remitted to the
Government Authorities before availing the disbursement of the loan.
29. Part Payment / Foreclosure cheques / Demand Drafts will be accepted from 4th
to 24th day of the month and shall not be accepted from 25th day of the current
month to 3rd day of the next month (both days inclusive).

30. Adjustment of payments done by customer to loan account:

Term loans (including Flexi Term Loans):
a) Customers making payment through any mode other than the payment
gateways (i.e. RTGS/NEFT/IMPS/UPI etc.): Credit to the loan account will be done
post receipt of the clear funds by the Company, (Normally same day except in
failure transactions).
b) Customers making payment through payment gateway (e.g. bill desk): Credit
to the loan account will be done on receipt of funds by company (normally T+1
day wherein T is debit date to customer account).
c) Banking holidays are excluded for computation of credit period as funds are
not received at company end hence it can be more than T+1 days. Customers
are advised to check specifically banking holidays before transferring money
through payment gateways since there may be more than one banking holiday,
the difference in debit to customer bank account and credit may go beyond
T+1 day.
d) Transactions where customer account is debited but credit is received with
delay to Company due to error in payment gateway, credit to customer account
would be given on day of receipt of credit in company account.
For Flexi Term Loan where Loan amount is greater than Rs.1.00 crore:
a) For flexi payments cut off timings would be 1 p.m. on normal banking
working day
b) Amounts transferred prior to 1:00 p.m. on banking working day: Credit to the
loan account will be done on the same day.
c) Amounts transferred post 1:00 p.m. on banking working day: Credit to the
loan account will be done on T+1 day.
d) Payments done on banking holiday: Credit to the loan account will be done
on the next working day. Customers are advised to check specifically banking
holidays before transferring money through payment gateways since there may
be more than one banking holiday, the difference in debit to customer bank
account and credit may go beyond T+1 day.
e) Transactions where customer account is debited but credit is received with
delay to company due to error in payment gateway,credit to customer account
would be given on day of receipt of credit in Company account.
31. The EMI amount as per this sanction letter may differ with actual EMI calculated
through system upto Rs. 20/-. A system generated repayment schedule of the
loan is shared separately
32. The loan, either in part or in full, will not be used for investment in capital
markets or any other activity which is prohibited as per RBI or any illegal
activity
33. The applicant(s) hereby undertake that in case of any updates in the
documents (including but not limited to the KYC documents) submitted by

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 me/us to BHFL at the time of availing the loan facilities and/or thereafter, the
applicant(s) shall submit the updated documents with BHFL within 30 days of
such update for BHFL’s records.
34. By clicking on the ‘I Accept’ button and/or entering the one-time password, the
applicant(s) hereby agree and acknowledge that each applicant (i) is at least 18
yearsof age, (ii) can understand, read and write in the English language,(iii) has
read and understood the terms and conditions contained in this letter in relation
to the Loan, (iv) agrees to be bound by such terms and conditions contained in
the letter and (v) the mobile numbers and e-mail addresses specified against
each Applicant in this Letter belong to the respective Applicant and that each
Applicant will update BHFL of any changes in their own mobile numbers and/or
e-mail addresses .
35. The applicant’s actions of entering the one-time password sent by the BHFL
and/or clicking the ‘I Accept’ button, constitutes a valid acceptance by the
Applicant of the terms and conditions contained in this Sanction Letter in relation
to the Loan. The fact that the unique OTP sent on your and the Co-Applicant(s)
respective mobile numbers have been entered, shall mean that you and the Co-
Applicant(s) have completed the said action, and shall result in it being
considered as the acceptance of the Sanction Letter and the Terms and
Conditions mentioned herein by you and the other Co-Applicant(s) and it creates
a binding and enforceable agreement.

*This is a document generated from the system post the confirmation of

acceptance of all Applicant(s) by entering the OTP and does not require
any signature

IP address of user from which OTP verification is done :

2409:40f2:100a:72bc:2cf5:fead:7c3e:2442, 23.44.10.28, 96.17.150.182

Date on which OTP verification is done : 07/09/2023

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