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Conversion 629060475

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Subramanian Saravanan
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129 views1 page

Conversion 629060475

Uploaded by

Subramanian Saravanan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MRS LAVANYA SUBRAMANIAN Date : 01/09/2021

NO-2/G7,
DIVERSION ROAD, File No: 629060475
VASANTHAM NAGAR, Lac No : 629060475
POLUR,
TIRUVANNAMALAI-606803

Dear Sir/Madam,
Sub : Your request for conversion of your Loan (Loan A/c No.629060475)
--------------------------------------------------------------------------
FROM | TO
--------------------------------------------------------------------------
NRI HOUSING LOAN-VARIABLE RATE- NRI HOUSING LOAN-VARIABLE RATE-MONTHLY
MONTHLY REST at RPLR REST at RPLR
MINUS 7.80 (with 3 monthly interest MINUS 9.30 (with 3 monthly interest
rate revision cycle) rate revision cycle)
--------------------------------------------------------------------------

With reference to your above request, this is to inform you that HDFC
has accepted the same and that the loan sanctioned/granted by HDFC to
you would stand converted from the Effective Date as mentioned below :-
Effective Date of Conversion : 1st day of SEP-2021
Interest Rate Revision Cycle : 3 months.
Next Interest Rate Revision Date: 01-Dec-2021.
You shall amortise your loan as follows :
1. Amount of outstanding loan converted : Rs.4102520
(Rupees FORTY ONE LAKH TWO THOUSAND FIVE HUNDRED TWENTY ONLY ) as
on 31/08/2021
2. Applicable Interest Rate (AIR)
RPLR 16.05 % per annum MINUS spread 9.30% = 6.75 %.#as of today.
3. Amortisation
EMI Rs. : 37768 *
No of EMIs : 169 *
(* Both subject to variation)

In the event of EMI not having commenced PEMI would be payable as applicable.

Further, notwithstanding anything to the contrary that may be contained in the


Main Agreement, any future fluctuation in the said AIR shall result in a change
in your EMI, and/or a change in the number of EMI payable, as may be computed by
HDFC according to its policy on the matter at that point in time, and
communicated to you accordingly.
Your Loan Agreement stands modified as above and you are requested
to make payments in respect of your loan as above.
You are requested to sign and return the enclosed Promissory Note.
THIS LETTER REQUIRES NO AUTHORISATION FROM HOUSING DEVELOPMENT FINANCE
CORPORATION LIMITED

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