Federal Bank Sanction Order to Branch Page 1 of 7

THE FEDERAL BANK LIMITED

CHENNAI CENTRALIZED RETAIL
Regd. Office: Alwaye, Kerala CREDIT HUB
Ref < 20080003134 > Date:31/01/2024
GUDIYATHAM
To

The Branch Manager,

The Federal Bank Ltd
GUDIYATHAM

SANCTION ORDER FOR ADVANCES SANCTIONED BY CHENNAI CENTRALIZED

RETAIL CREDIT HUB - NEW
1 SANCTIONING AUTHORTY CODE CRCH Sub Committee
S.O. No. : 20080003134 DATED : 15/06/2023 BR.CODE Mrs. N SOUNTHARI
: 2008 RCH : CHENNAI Zone :
CHENNAI 98/68,VINAYAGAPURAM,ERIPATTARAI,
AGRAVARAM,G
NAME & ADDRESS OF
2 UDIYATHAM,,POST OFFICE
As perTHE BORROWER
Branch proposal No conditions stipulated
under hereunder
mentioned facility is sanctioned on the terms &
VELLORE
VELLORE - 632601
TAMIL NADU
3 CONSTITUTION CODE INDIVIDUAL
CONNECTION SINCE 2022
FATHER'S/HUSBAND'S NAME DHARMAVEL
4 FACILITY DETAILS
NATURE OF FACILITY PROPERTY POWER
LIMIT SANCTIONED 900000.00
PRIORITY SECTOR? Non Priority
PURPOSE CODE Personal needs of individuals
PERIOD (IN MONTHS) 120
REPAYMNT HOLIDAY (MONTHS) 0
INST.FREQUENCY MONTHLY
INSTALMENT AMOUNT 12834.00
INT.RESETS M
INT.RATE (% P.A.) * 11.85 %p.a.* (Repo Rate+5.35% )
As and when Repo rate gets reviewed by RBI on
Periodicity for reset of interest *
t+1 basis
Basis for interest reset * 5.35% above the Repo Rate
Federal Bank Sanction Order to Branch Page 2 of 7

PROCESSING FEE/ ADMINISTRATIVE

Rs.10000.00
FEE

DOCUMENTATION FEE Rs. 0.00

VALUATION FEE 0.00

Pre-Closure Charges 0.00%
Commitment Charges NA%
5 CREDIT RATING FBR6
OTHER PERSONAL LOANS (INC. LOANS FOR
DOMESTIC CONSUMPTION, MEDICAL
EXPENSES, TRAVEL, MARRIAGE, DEATH
AND OTHER SOCIAL CEREMONIES, LOANS
6 ACTIVITY CODE FOR REPAYMENT OF DEBT, GENERAL
PURPOSE LOANS (UNSECURED OR SECURED
BY MORTGAGE OF IMMOVABLE PROPERTY)
ETC- OTHER THAN STAFF LOANS

7 BORROWAL CATEGORY CODE ALL OTHER BORROWERS

8 RELATED TO DIRECTORS No
9 RELATED TO EMPLOYEES No
10 LBR SERVICE AREA CODE 1
11 BASIC PAY NA
12 LAND HOLDINGS(Acres) NA
13 (a) PF No. NA
(b) DESIGNATION CODE NA
14 RELIGION CODE HINDU
15 BACKWARD COMMUNITY(SC,ST,OBC) OTHERS
16 NETWORTH OF THE BORROWER 8379478
*In case of loan with interest rate linked to MCLR, the interest rate mentioned above is based on MCLR
for the corresponding tenor as at the date of sanction. However, if the loan/ facility is not availed on or
before next date of review of MCLR, the rate of interest will be decided based on the MCLR applicable
as at the date of (first) disbursement of the loan/ facility, keeping other terms and conditions
unchanged.

18. ESMS :
Value Brief Details
Whether the loan is coming under the
purview of Green Portfolio/Blue Portfolio No

Whether the activity of the borrower falls

under exclusion list as per ESMS policy No

Classification of risk of the borrower NA

Whether activity of the borrower falls
under the purview of coal related sub -
project exposure

19. Primary Securities

19.1)For Proposed Limit
Federal Bank Sanction Order to Branch Page 3 of 7

20. Collateral Securities

Land & Building

Sl.No. Applicant Survey Address Area of Built up Date of Market
Name No/Door Land Area Valuation Value
No.
EM Charged On The Following Security
Applicant
1 Mrs.N OLD SEVOOR,G 1441.00 1397.00 23/03/2022 4500000.00
SOUNTHAR SNO.221/1 NADU.
NEW
SNO.221/1A

Amount of Limit: 900000.00

Minimum
Margin to be Security Value
Security Type Security Value Available Margin
Maintained(%) Available
Required
Collateral 1800000.00 50.00 80.00 4500000.00

Net market Residual value Margin to be Margin

Property type
value of the security maintained available
Land & Building 4500000.00 4500000.00 80.00 %

21. CO-OBLIGANTS(C) GUARANTORS (G)

Applicant Basic Other liabs. to our bank
Name Networth
Type Pay Rs. Nature A/c Branch
EI -
Mr.P S Co- FEDERAL
DHARMA VEL Obligant 59000.00 145082.00 HOUSING 20087300000570 GUDIYATHA
LOAN M

22. Details of OTHER LIABILITIES of the BORROWER

Capacity
Branch Sanctioned
Nature Account Number (Borrower or Limit
Code Co obligant) by
GOLD LOAN B Others 89000.00
GOLD LOAN B Others 31500.00
BUSINESS LOAN
(to be closed) B Others 360000.00
BUSINESS LOAN B Others 42000.00
BUSINESS LOAN
(to be closed) B Others 250000.00

23. TERMS AND CONDITIONS

Pre - disbursement:
Terms & Conditions Category Target Date

GENERAL CONDITIONS to be referred before

disbursal: (1). A sanction letter shall be issued to the
applicant and co-obligants and a copy should be got
acknowledged by all of them (2). Processing Fee,
Federal Bank Sanction Order to Branch Page 4 of 7

charges for documentation, CERSAI and other

charges, as applicable, as per the extant rules shall be
collected, if not already collected. (3). EC up to the latest
possible date ( If more than 2 months old or as per
bank’s extant instructions) before disbursal of the limit
shall be obtained in compliance with IRMD Circular
4317/CRMC/IRMDC 40/2014-15
dated 11.08.2014. (4). Branch shall ensure that the
(1) Others
existing limits, if any, in the name of the applicant/sister
concern/ co obligants should be free from
arrears/inspection comments. (5). Branch shall follow
guidelines of fair practice code for lenders reported
through bulletin 30/2003, Part II. All conditions/safe
guards/advices as given in Legal Scrutiny report shall be
complied with (6) Valuation Photo as per HO Norms

UNDERTAKING /DECLARATION FOR

COMPLIANCE OF THE FOLLOWING SHALL BE
FILED/OBTAINED: (1). Change of address in residence,
business/profession and contact number, if any, during the
course of the Loan period will be communicated to the
bank. (2). The loan funds will be utilized only for the
purpose for which it is sanctioned and will not be utilized
for real estate/capital market/any other speculative
purposes and purposes involving FEMA violations (3).
Branch shall obtain passport copies of the borrowers, if
the same is not available, declaration shall be obtained
(2) Others
that he/she is not passport holder and will submit
immediately on its issuance in future during the pendency
of the loan (Bulletin no 48/07 part II). (4). The borrowers
should declare that borrowers are not related to any of the
Directors/senior officers of the bank or Directors of the
any banking company. (5). UNDERTAKING in 100 Rs.
Stamp paper to be obtained from the Applicant and or Co-
obligant stating that they have no statutory dues
outstanding as on disbursement of the loan.

CONDITIONS TO BE COMPLIED ALONG WITH

DOCUMENTATION: (1) KYC documents submitted are
verified with originals. Income and other related
documents are to be self attested by the borrower and
verified with originals. (2) Branch shall obtain and verify
the supporting documents/records and make detailed
enquiry and confirm the genuineness of assests and
(3) Others
liabilities stated in RLA – financial statement of the
borrowers (3) ECS / AUTO RECOVERY MANDATE
MAY BE OBTAINED AT THE TIME OF LOAN
DOCUMENTATION ITSELF.
(4) Retail loan application shall be duly filled in with the
signature of borrowers, AM and principal officer
signature along with photograph of the borrower.
Register charges on properties mortgaged by deposit of
(4) tile deeds, with Central Registry (CERSAI) as per bank's Others
extant instructions
EM AND MOD shall be completed before disbursement
of the limit. Documentation formalities shall be completed
in all respects as provided in Documentation Manual/
Extant Instructions. All loan
Federal Bank Sanction Order to Branch Page 5 of 7

documents shall be verified by the Branch Head /

authorised official of the branch, immediately on
(5) Others
execution, to ensure that the documents are properly
executed
(1) Three undated security cheques (in CTS-2010
standard format) with payee name as “The Federal Bank
Ltd” along with security delivery letter shall be obtained.
(2) Further Two undated cheques from operative account
of the borrower from other bank shall be obtained and
presented for clearing to collect the EMIs, till NACH is
(6) Others
registered. ALL STIPULATIONS/DIRECTIONS AS
PER CIRCULAR NO: 10333&10616 SHALL BE
COMPLIED BY BRANCH. - In case of NACH. (3) For
Online Registration of NACH, Branches/Sales Team shall
be guided by Circular Nos: 11393 & 12865

EMI IN RESPECT OF THIS LOAN MAY BE

COLLECTED BY WAY OF AUTO RECOVERY
(7) REGISTERED IN THE PARTY ‘S OPERATIVE A/C Others
NO 20080100099082 OF APPLICANT WITH
FEDERAL BANK
Life of the borrower shall be insured for the loan amount
and loan period with our insurance partner. ( Asset guard
(8) Others
details shall be confirmed or wavier from RH to be
forwarded)
CERTIFIED COPIES OF TITLE DEEDS SHALL BE
(9) VERIFIED BY THE PANEL ADVOCATE AS PER Others
EXTANT NORMS
INITIAL DISBURSEMENT IS STRICTLY TOWARDS
(10) THE CLOSURE OF TWO BUSINESS LOANS OF RS. Others
3.60L AND 2.50L.
EC TO BE VERIFIED FROM 01.03.2023 TO TILL
(11) DATE AND BRANCH SHALL ENSURE NIL Others
ENCUMBRANCE.
IF THE VALUATION IS NOT TAKEN THROUGH
(12) VALOCITY PLATFORM THE SAME SHALL BE Others
RECORDED IN VALOCITY PLATFORM
1. Patta /TSLR copy shall be obtained in the name of
(13) the borrower. 2. Latest property tax receipt shall be Others
obtained and filed ( if building is there)
UNDERTAKING SHOULD BE OBTAINED TO
REMOVE THE DUPLICATIONS IN CIBIL REPORTS
OF BOTH THE BORROWERS, WRONG ENTRIES OF
(14) Others
RS. 3L IN THE EXPERION OF MR. DHARMAVEL P S
AND RS. 2L IN THE EXPERION OF MRS.
SOUNDARI WITHIN 3MONTHS.
NOC FROM M/S VIVRITI CAPITAL PVT LTD
(15) REGARDING THE BUSINESS LOAN OF RS. 2.50L Others
TO BE OBTAINED AND FILED.
Post - disbursement:
Terms & Conditions Category Target Date
FURTHUR DISBURSEMENT IS PERMITTED ONLY
(1) AFTER FILING OF CLOSURE PROOFS OF TWO Others 16/06/2023
BUSINESS LOANS OF RS.3.60L AND RS.2.50L
Federal Bank Sanction Order to Branch Page 6 of 7

Photocopy of all the documents executed by the

(2) borrower(s) shall be sent / handed over to the borrower(s). Others 07/09/2023

The borrower(s) shall ensure that all the assets of the

borrower(s) (current/fixed/other assets) existing/proposed
to be given as security to the Bank for the credit
facility/ies are insured adequately to the satisfaction of
(3) the Bank under the comprehensive policy covering all Others 07/09/2023
risks with usual Bank clause through an Insurance
company approved by IRDAI, till the repayment of entire
loan liability and closure of the loan account.

GENERAL CONDITIONS to be referred after disbursal:

(1) Branch shall comply sanction order conditions in
C124 through online platform and keep a signed copy of
the same in borrowers document file. (2)
EMI/Installment/Dues collection mode shall be Auto
Recovery/ECS. (3) Branch should ensure that all loan
documents and other post sanction documents received
subsequently are scanned and uploaded to DMS server (4)
PAN card number of applicant and co-obligant shall be
obtained and the same shall be updated in finacle, if
applicable. If the applicant/co-obligant doesn’t have PAN
card necessary steps shall be taken for obtaining the same
and updating the same in our date base, as applicable. (5)
(4) Conduct post sanction inspection before each stage of Others 07/09/2023
disbursement as per bank’s extant instructions (6) Branch
shall make arrangements to obtain broken period EC and
ensure NIL encumbrance (7) Branch should explore the
possibility of marketing of our other products including
third party products to the borrower/ coobligants/
group and also explore the possibility of covering the
loan under suitable loansurance policy
(8) All other terms & conditions of PROPERTY POWER
/ HOME PLUS TOP UP EQUITY as amended up to date
shall be meticulously complied with (Master circular and
relevant bulletins).

End use of the fund should be ensured that it will be

(5) utilized only for the purpose for which it is sanctioned. Others 07/09/2023

a) Creation of further charges on the property shall be

only with prior permission of the Sanctioning authority.
(6) Others 07/09/2023
b) Operative account of the borrower shall be shifted to us
within 3 months of disbursement.
BRANCH SHALL ENSURE AND FOLLOW UP THAT
(7) ALL THE WRONG ENTRIES MENTIONED IN CIBIL Others 14/09/2023
ARE DELETED.

We are attaching copy of our appraisal memorandum based on which the facilities were approved.
Appraisal memorandum is a confidential document and it should not be provided to others, including the
borrower without our consent.
24. DOCUMENTS
As Per Documentation Manual
Federal Bank Sanction Order to Branch Page 7 of 7

PREPARED BY CHECKED BY SM/CM/AGM/DGM

Encl: 1. C124 in triplicate

2. Copy of appraisal note

Copy to : 1)CMC - RBD , 2)RCMC/Zonal office 3)RCH/Branch

Encl: 2. Copy of appraisal note