2023-10-29 14:32:45

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To JAIN ENTERPRISES
F 17 MASOORI GULAWTHI ROAD
PHASE I UPSIDC INDL AREA,GHAZIABAD
GHAZIABAD, UTTAR PRADESH,201003
Date: 28/9/2023
Loan application no.: 0502831777

Sanction Letter

Dear Sir/Madam,

Sub: Application for Loan Against Property

IDFC FIRST Bank is pleased to inform you that basis your application, we have sanctioned you a Loan Against Property facility, subject
to the terms and conditions mentioned hereinafter and printed overleaf, the details of which are given below.

Type Of Loan Loan Against Property

Rs. 12800000.00
Loan Amount Sanctioned
(Rupees One Crore Twenty Eight Lakh Only)

Term of Loan(In months) 300

Rate Type Floating

External Benchmarking Rate (EBR = REPO Rate) 6.50%

Spread (+/-) 2.85%

Applicable Rate of Interest (ROI)

9.35%
(ROI) = (EBR+Spread)

IDFC FIRST Bank Limited (Formerly IDFC Bank Limited)

Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031, Tel.: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 www.idfcfirstbank.com

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Number of Advance EMI 0

Third Party Products

Life Insurance (Exclusive of GST)

ICICI Pru Life LAP Death Benefit(IPRU Super Protect Credit) Rs. 58799.00

General and Other Insurance (Exclusive of GST) NA

Property Insurance (Exclusive of GST) NA

Health Insurance (Exclusive of GST) NA

Amount of Each EMI (On Monthly Basis) Rs. 110502.00

IDFC FIRST Bank Limited (Formerly IDFC Bank Limited)

Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031, Tel.: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 www.idfcfirstbank.com

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Application Fees (Non-refundable) Rs. 7670.00

Processing Fees (Non-refundable) Rs. 96000.00

(Exclusive of GST) (To be deducted from at the time of disbursement)

Facilitation Fees(Inclusive of GST) Rs. 0

Admin Charges(Exclusive of GST) Rs. 0

PLOT NO F 17 INDUSTRIAL SECTOR I A MASURI

Address of Property Proposed for Mortgage GULAOTHI ROAD TEHSIL HAPUR GHAZIABAD 201001
UTTAR PRADESH

Mortgage on the property (In the form and manner as

Mode of Creation of Security where applicable
prescribed by IDFC FIRST Bank)

Purpose of Loan Application Business Use: Business Expansion

1. Please note that this is a financial sanction and is subject to internal checks and following conditions:
Sanction letter is valid for the period of 60 days

The ROI is subject to change owing to change in the External Benchmark Based Rate/spread as on the date of disbursal

Title of the property to be financed should be legal and technically clear and marketable

Execution of Facility and other documents between you and IDFC FIRST Bank as per the Bank’s policy and format as specified
by the Bank

Charges mentioned above which are not paid upfront will be deducted from the loan amount at the point of disbursement

Terms and conditions as mentioned overleaf

2. Special Conditions:
Udyam certificate to be documented

Disbursement subject to positive legal and TSR

Property papers to be mortgaged upfront

Repayment to be taken from ICICI CC A/c

Applicant Pallav Jain's father and wife to be taken on loan structure

Correct Residence address of applicant to be documented along with updated address proof and same to be updated in SFDC
also

IDFC FIRST Bank Limited (Formerly IDFC Bank Limited)

Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031, Tel.: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 www.idfcfirstbank.com

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Keyman insurance policy to be taken for Suman Jain for complete loan amount

Rent agreement and banking where rent is received to be documented

Payment to be released in two tranches - first tranch to be released towards closure of loans under debt consolidation and second
tranche to be released in favour of applicant

Legal Heir declaration to be taken from Suman Jain along with NOC and KYC proof of legal heirs who are not in loan structure

Notarized will of Suman Jain to be documented

Correct trade references to be given

UDIN mentioned financials of FY 2023 with ITR and COI and Audit Report to be uploaded in filenet

3. Part and Full Foreclosure Norms:

For Floating Rate Loans to individual borrower for personal use will attract no charges.

No charges when part loan prepayment is done up to a maximum of 20% of principal outstanding - allowed only once with a gap
of 12 months

All payment whether in part or full but not meeting the above criteria will attract charges as per the table below

Foreclosure charges/Part Payment Charges when part payment is >20% within a gap of 12 months

EMI's Paid

MOB <= 24 months MOB > 24 months

BT Own Funds BT Own Funds

4.00 4.00 3.00 1.00

4. Balance Transfer Norms:

The applicants are aware that IDFC FIRST Bank shall/has partly disbursed the loan and accordingly EMI/PEMI is also charged as
per part disbursement. Applicants acknowledge that on full and final disbursement, their EMI will be revised accordingly

IDFC FIRST Bank Limited (Formerly IDFC Bank Limited)

Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031, Tel.: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 www.idfcfirstbank.com

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5. Pre EMI Norms:

From the date of first disbursement you will be required to pay Pre EMI interest (at the interest rate applicable to your facility) till the
time your facility is fully disbursed, subsequent to which your EMI payments will begin.

Amount Disbursed Rs. 10,000,000/-

Interest 10%

Loan Disbursed Date X Month

1st EMI Due Date X+2 Months

Pre EMI Interest for days as calculated 10%x10,000,000* days (X+1 month EMI start date - Disbursal Date of X Month)/365

6. Taxes
All taxes, duties and levies including but limited to Goods and Service Tax and any other tax/levy applicable as per law and as may
be amended from time to time would be additionally payable.

For any assistance, reach out to your IDFC FIRST Bank Relationship Officer - TARUN Kansal
E-mail ID: tarun.kansal@idfcfirstbank.com
Mobile No.: 8851243858

We look forward to a mutually beneficial and long term relationship.

Thanking You,
For IDFC FIRST Bank Ltd.

Authorized Signatory
Name: ______________________________________________
Employee ID: ___________________________

IDFC FIRST Bank Limited (Formerly IDFC Bank Limited)

Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031, Tel.: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 www.idfcfirstbank.com

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I / We have read the terms and conditions mentioned in this Sanction letter and accept the same

Customer Type Name of the Applicant/Co-Applicant Signature Date

Applicant JAIN ENTERPRISES

Co-applicant PALLAV JAIN

Co-applicant SUMAN LATA JAIN

IDFC FIRST Bank Limited (Formerly IDFC Bank Limited)

Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031, Tel.: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 www.idfcfirstbank.com

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TERMS AND CONDITIONS ATTACHED TO SANCTION LETTER

1. “IDFC FIRST Bank Limited” shall mean and include its successors, assigns and subsidiaries.

2. “Processing Fees” shall mean fees collected for the purpose of appraising the Application for the facility/for the purpose of
appraising the valuation and legal verification of the property, it is a onetime non-refundable fee and independent of outcome of
such appraisal.

3. “External Benchmark Based Lending (EBR)” shall mean such REPO rate as may be prescribed by RBI and
decided/announced/notified by the Bank from time to time.

4. “External Benchmark Reset Date” shall mean the reset of interest rate occurring three months from the date of first EMI and every
three months thereafter.

5. The Bank shall also be entitled (but not obligated) to reset the Spread on account of borrowers credit assessment undergoes a
substantial change as agreed in the Loan/Facility Documents.

6. The Borrower shall be liable to pay to the Bank the interest including such cost and charges as may be applicable, on the amounts
and such rate shall be applicable till next interest reset date, which shall be a reset at least once in three months or such other
period from time to time, hereunder defined and communication regarding the same is shared either by SMS/Email communication
on the registered e mail address.

7. EMI amount is intended to be kept constant irrespective of variation in ROI by changing the tenor of the Mortgage Loan. However,
the Bank is entitled to increase the EMI at its sole discretion. The tenure of the Mortgage Loan shall also change as per change in
EMIs.

8. This Sanction letter should not be construed as giving rise to binding obligations on the part of IDFC FIRST Bank to provide the
loan mentioned overleaf (the Facility´). The Facility mentioned overleaf will be available solely at IDFC FIRST Bank’s discretion and
IDFC FIRST Bank will not be liable for any action taken by the customer on the basis of this sanction letter.

9. IDFC FIRST Bank shall be entitled to revoke the sanction of the Facility, inter alia, in any of the following circumstances:
a. There is any material change in the purpose(s) for which the Facility have been sanctioned the purpose(s)´

b. In the sole judgment of IDFC FIRST Bank, any material fact has been concealed and/or become subsequently known

c. Any statement made by you or on your behalf in your application or otherwise, is incorrect, incomplete or misleading

d. The accepted copy of this letter duly signed by you is not received by IDFC FIRST Bank within the specified validity period

IDFC FIRST Bank Limited (Formerly IDFC Bank Limited)

Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031, Tel.: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 www.idfcfirstbank.com

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e. There is a default under or a breach of the terms and conditions of this letter or any other loan/facility offered by IDFC FIRST
Bank or any other person/entity, to you/any of you

f. The legal/technical/valuation report on the property is not satisfactory to IDFC FIRST Bank

10. Grievance Redressal: How to log in a complaint/where can a complaint be made? Your all queries and grievance with respect to the
product and services offered by IDFC FIRST Bank Limited can be highlighted to Customer Service Department through following
established channels of communication. https://idfcfir.st/portal

11. Non-completion of post disbursal documents (deferrals) beyond 90 days will attract 2% penal interest charges (charged on monthly
basis), subject to a maximum amount of INR 25000

IDFC FIRST Bank Limited (Formerly IDFC Bank Limited)

Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031, Tel.: +91 44 4564 4000 Fax: +91 44 4564 4022
CIN: L65110TN2014PLC097792 www.idfcfirstbank.com

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