Undertaking by co borrowers and co-owners

Home loan A/c no.______________.

We hereby declare that the said housing loan has been sanctioned to ____________________(1) and
______________________ (2) against the property located at
_____________________________________________________________(address of the property).

The benefit of the said loan shall be distributed between the owners in the ratio of (1) ___% & (2) ____%
since the EMI is also repaid in the same proportion.

Further we also declare that either of us will not claim the benefit u/s 24 (b) of the Income tax Act, 1961
of the housing loan over and above the said percentage.

Signature of the employee (1) _______________________

Signature of the co-borrowers (2) _______________________

I also undertake to reimburse to the company, any liability arising out of disallowance, above
exemptions/deductions by the Income Tax Authorities in account of error on claim.

Signature of the employee

(1) ___________________________

Name ___________________________

Emp ID________________________

Date____________________________