Repco Home Finance Limited

(Promoted by Repco Bank - Govt.of India Enterprise)

Regd.Office: No.33,North Usman Road,T.Nagar,Chennai - 600 017

Corp.Office: 3rd Floor,Alexander Square,No.2, Sardar Patel Road, Guindy, Chennai - 600032

Branch : Repco Home finance LTD

18/19, Betal Marg, above Canara Bank, Freegunj, Ujjwain, Madhya Pradesh – 456001.
Mobile No: 7825817545/7828282212
ujn@repcohome.com

Loan Sanction Letter

Loan A/C. No : 2681811000141 Date : 25-10-2022

1) a) Name of the Borrower HEMRAJ PRAJAPTI

1) PUSHPA PRAJAPATI

b) Address 163/1
SAI DHAM COLONY
NEELGANGA
UJJAIN
Ujjain
456010
Madhya Pradesh

2) a) Purpose of Loan Take Over - Floating

b) Loan Amount Rs. 14,47,000 /- ( Rupees Fourteen Lakhs Forty-Seven Thousand only )

c) Insurance Amount Rs. 2,039 /- ( Rupees Two Thousand Thirty-Nine only )

d) Total Amount Rs. 14,49,039 /- ( Rupees Fourteen Lakhs Forty-Nine Thousand Thirty-Nine only )

3) Name of Guarantors

4) Security

Registered Mortgage / Unregistered Equitable Mortgage of the following property / ies offered as security
for the loan.

Security I :
The Property in question is a free hold plot/house constructed over free hold land Bearing Municipal No. 163/1, Situated at
Sai Dham Colony, Ujjain (M.P) and measuring 56.25 Sq meter within the limit of MCU Ujjain, (M.P).

BOUNDARIES AS PER DEED

EAST:House No. 168

WEST:Colony's Road
NORTH:House No. 163

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SOUTH:House No. 164

MEASURMENT AS PER DEED

TOTAL AREA:56.25 Sq. Meter

5) Rate of Interest - (Floating)

i) Rate of Interest of the loan shall be 9.05 % per annum and Loan with interestis repayable in Equated Monthly Installments.

ii)In case of default in repayment of loan, penalty @ 24% per annum will be levied on overdue Equated Monthly Installment.

iii)In case of pre-clousure,interest rate will stand revised and charged separately by way of pre-clousure penalty.
iv) The rate of Interest is linked to the Minimum lending rate (MLR) of RHFL (presently 8.80 % p.a) and is subject to change with
interest reset once in 6 months from date of availing the loan. In case of upward revision in MLR, the borrower shall pay interest at
enhanced rate of interest and accordingly the EMI/Repayment period will be altered.
v) For loans Sanctioned at rate of interest lesser than the MLR of the Company, RHFL reserves the right to revise the spread at the
time of reset to ensure that the effective rate of interest is more than the weighted average cost of borrowings of the Company.

6) Repayment Period

i) The loan is repayable in 240 Equated Monthly Installments @ Rs. 13084.00 /-

ii)Repayment of Equated Monthly Installments commences from succeeding month in which the final disbursement is made.
Till the loan is fully disbursed, only interest is payable every month by the borrower on the outstanding amount disbursed.[Pre-EMI]

iii) In case of construction, the EMI will commence succeeding the month of completion of construction or 18 months from the date of
1st disbursement, whichever is earlier.

iv) The due date for payment of Pre-EMI/Monthly Installment/EMI is last day of the respective
month i.e
a) 30th of every month in case of April, June, September & November
b) 31st of every month in case of January, March, May, July, August, October &
December &
c) 28th or 29th of every month in case of February as the case may be

7) Release Schedule

i) The loan amount will be disbursed in stages depending upon the progress of construction as detailed below

a) 20 % for basement work ;

b) 20 % for after basement completion and for lintel level completion work ;
c) 30 % for completion of roof ceiling ;
d) 20 % for completion of plastering, flooring etc ;
e) 10 % for completion of the building (will be released only after receipt of final valuation report) ;

ii) For purchase of flats or ready built house , loan amount will be released directly to the vendor -
Mr. / Mrs. / Ms. / M/s. ____________________

8) All additions to the mortgaged property will also become part of the security for the entire loan.

9) The borrower shall maintain mortgagaed property in good condition. the borrower should undertake periodical
Repairs to the premises mortgaged

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10) In the event of failure to carry out any repair RHFL may itself do or cause them to be done and incur the expenditure
necessary therefore.The expenditure so incurred will be recovered from the borrower with interest there on.

11) The borrower should pay all taxes, fees charges etc.,to the Statutory Agencies regularly . Incase of failure by the
borrower the RHFL will at its discretion pay the taxes etc., and recover the same from the borrower with Interest
there on.

12) The borrower should produce NIL Encumbrance certificate till date of disbursement. Encumbrance Certificate to be
produced every year. In case of failure by the borrower the RHFL will at its discretion obtain the EC and Debit the
charges to the loan account.

13) The borrower should not borrow from any other source / Bank / Financial Institution without prior written consent from
the RHFL.

14) RHFL has every right to inspect the property mortgaged at any time during the pendency of the loan.

15) The loan is sanctioned subject to the terms and conditions contained in the documents to be executed by the
Borrower / Guarantor.

16) The borrower shall produce latest copy of the property tax paid receipt and Electricity paid receipt.

17) All the original documents of the property offered, as security shall be deposited with the RHFL before release of
loan.

18) The mortgager / borrower shall not lease / let out the mortgaged property without the prior written consent from
RHFL.

19) The borrower shall remit the following amount before release of loan, with service tax as applicable from time to time.
a. Processing & Administration fees. Rs:10,853 /-

20) RHFL reserves to itself the right to modify or alter amend the terms and conditions and also to stipulate additional or
new terms and conditions from time to time.

21) The borrower should accept the above terms and conditions within 10 days from the date or receipt of this Loan
Sanction Order and should execute necessary documents.

22) This Loan Sanction Order is valid for 60 days from date of sanction.

23) No charges for lump-sum pre-payment from own sources during the currency of the loan.

24) Pre-closure/foreclosure charges are applicable for all fixed rate Home equity/Commercial/Prosperity loans and will be
collected @ the rate of 2% on the balance outstanding as on the date of closure for all loans that have not completed
half of the sanctioned tenure.

25) Terms and Conditions

1. Agreement to create mortgage in RH-84 to be obtained from the applicant as outlined in Cir. No. 24/RHFL/ 2004
dated 24.05.2004 and E.M. to be created after receiving original documents.
2. Loan outstanding amount at M/s Centrum Housing Finance Ltd has to be released directly towards takeover of
loan availed by the applicant after getting necessary authorization letter from the Applicant. Loan closure certificate
and original documents to be obtained from M/s Centrum Housing Finance Ltd.
3. List of original documents to be verified with M/s Centrum Housing Finance Ltd as listed in the legal opinion before
release.

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 4. Branch shall ensure that the original documents will be directly handed over to RHFL by M/s Centrum Housing
Finance Ltd.
5. Branch shall also ensure that the Applicants are not having any direct / indirect liability with M/s Centrum Housing
Finance Ltd before release.
6. Property tax, Water charges, Electricity charges and Sewerage Taxes shall be paid upto date and Latest tax
receipts to be collected before release of loan.
7. The subsisting mortgage in favour of M/s Centrum Housing Finance Ltd shall be discharged and the proof thereof
together with the documents of title shall be obtained therefrom.
8. After creation of Mortgage and MOD (Total limit of both the loan )registered in our favour, balance amount to be
released to the applicant.
9. Up-to-date EC to be obtained with an entry of Company?s charge reflected in the EC before release of balance loan
amount
10. Administrative fee / Processing fee applicable as per BDD mail dated 30-04-2022
11. Indemnity cum undertaking to be obtained from all the borrowers as per the format mentioned in the Cir. No.09 /
2018/RHFL/ Credit -4
12. The genuineness of title deeds shall be verified with the Local SRO and ensure that the documents produced for
Mortgage are genuine in nature. All the four boundaries should be checked with regard to sale deed, Panel Valuer
report and legal opinion after conducting inspection and should confirm the boundaries are correct
13. CERSAI search to be conducted before release of loan and if any subsisting mortgage/discrepancies observed,
branch should stop disbursement/release of loan amount.
14. The Original building plan and planning permit shall be obtained and kept along with loan documents.
15. Property inspection to be done periodically by branch team and photos to be documented in file before release of
each payment.
16. Link Loan No 2681811000141 reference to be marked in the system for loan availed vide Loan account No.
2681820000167.
18.Branch to ensure that Property insurance are taken as advised in circular no 20/2017 dated 01.06.2017.
19.Branch Manager/In-Charge to verify the originals and ensure genuineness of the KYC documents, Financial
Statements, bank statements and copies of the same should be duly self-attested by the concerned parties and to be
kept in the loan file.

All the legal opinion conditions are to be complied with.

Insurance:
1.I/We agree and confirm that the purchase of any insurance product(s) through Repco Home Finance Limited (RHFL) is a
voluntary decision and the same is not compulsorily linked to any services/facility provided by RHFL.

2.I/We further agree and confirm that I/We have been fully informed about all the terms and conditions of the Insurance products
that are offered through RHFL and I/We, am/are free to opt for any Insurance product which may deem fit, as per our choice and
requirements.

3.The total Insurance premium amount reflected in this Sanction letter is computed based on the Insurance product(s) specifically
opted by me/us and the breakup of the premium is as in the table

4.I/We am/are also aware that I/We are entitled to purchase any Insurance product other than through RHFL to comply the
requirements of any of the terms and conditions forming part of the services/facility availed from RHFL.

5.The life cover for the members required to undergo a Medical test based on the furnished medical grid commences only after
the requisite procedures are completed, and the insurer accepts the risk.

6.Life cover is subject to fulfillment of the insurer's underwriting requirements within the prescribed timeline of 90 days from the
date of the first disbursement. The risk commencement will start based on the underwriting decision. In case the insurer's
underwriting requirements are not fulfilled, the life insured will not be covered.

7.Any shortfall of the premium amount due to difference in data used to calculate premium or due to the rate up of premium after
medical scrutiny post-sanction should be borne by the Customers.

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8.RHFL may share any required documents (KYC, financial proof, loan documents) that the insurance company may ask for.

9.In a credit life insurance policy sum assured is amortized based on the initial sum assured and the policy's tenure. If a customer
opts for a lower sum assured or a shorter tenure than the actual loan amount or tenure, the principal outstanding as per the loan
statement and the insurance policy schedule will differ. The same will result in a shortfall of the claim amount or expiration of the
policy term even when the loan is alive. Hence, the risk of opting for a life insurance amount lower than the actual sanctioned loan
amount/tenure is a willful decision of the customer/s, and the consequences of the same cannot be disputed by their legal heirs/
co-applicants later on.

10.The customers are required to intimate the claims within 30 days of the incident to the concerned insurance company. The
claims contact details of the insurer are furnished in the policy document. In addition, forward the claims intimation to the
respective RHFL branch email Id, insuranceclaims@repcohome.com, & insurance@repcohome.com.

11.NRIs cannot avail of life insurance through their Power of Attorney. The NRIs should be in India when opting for the life cover.
Insurers blacklist certain countries, citing their economic/political instability, and the application acceptance is subject to the
insurer's decision.

12.The insurance premium sanctioned as a part of the loan amount can only be reversed to the corresponding loan account upon
cancelation/rejection of the policy/proposal.

13.When more than one income earner avails credit life insurance, the cover amount must be proportionate to their income
appraisal.

14.The declaration made in the insurance applications is the basis for the issuance of the insurance policies; all information
should be provided with full understanding and knowledge and the information should be complete and true to the best of your
knowledge. Any suppression of material facts may lead to the rejection of claims.

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 Medical Underwriting grids of Kotak Life and SBI Life Insurance are as follows,
Kotak Life Medical Underwriting Grid

Sum Assured(Loan AGE BANDS

Amount) Upto to
10,00,000
18-40 41-50 51-55 56-60
Up to 10,00,000 DOGH DOGH DOGH DOGH

10,00,001 - 20,00,000 DOGH DOGH DOGH DOGH+MT

20,00,001 - 40,00,000 SMQ SMQ SMQ+MT SMQ-MT
40,00,001 - 50,00,000 SMQ SMQ+MT SMQ+MT SMQ+MT
Above 50,00,000 SMQ+MT SMQ+MT SMQ+MT SMQ-MT

SBI Life Medical Underwriting Grid

Sum Assured(Loan AGE BANDS

Amount)
18-50 51-60
Up to 15,00,000 SBI life application SBI life application
15,00,001 — 50,00,000 SBI life application SBI life application+MT

50,00,001 — 1,75,00,000 SBI life application+MT SBI life application+MT

Above 1,75,00,000 SBI life application+MT SBI life application+MT

*DOGH - Declaration of Good Health; SMQ - Short Medical Questionnaire; MT - Medical Tests; SBI life application – insurance
application form (RiNn Raksha)

Sl. Name of Product Name of Insured Carpet Build up Age Tenure Premium
No. Insurer Area (sq. cost / sq. ft Inc. of GST
ft.)
1 Kotak Bharat Griha Title Holder/s only Building NA
General Raksha (Property) Value
2 Kotak Critical Illness/ Bread winner NA NA
General PA
3 Universal Bharat Griha Title holders NA
Sompo Raksha (Property)
General
4 Universal Critical Bread winner NA NA
Sompo Illness/PA
General
5 Edelweiss Bharat Griha Title holder NA
General Raksha
(Property)
6 Edelweiss Critical Breadwinner NA NA
General Illness/PA
7 Kotak Life Credit Life (HL / Main Income NA NA NA
HEL) Earnerls

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 Sl. Name of Product Name of Insured Carpet Build up Age Tenure Premium
No. Insurer Area (sq. cost / sq. ft Inc. of GST
ft.)
8 SBI Life Credit Life (RiNn Main Income RiNn Raksha - Form
Raksha) Earner/s Number

Total Premium

26) Applicable fee for creation / modification of charge with CERSAI [Central Registry under the SARFAESI Act 2002]
has to be paid before availing the loan.

Accepted the Terms and Conditions

____________________ ____________________ ____________________

____________________ ____________________ ____________________

(Signature of borrowers)

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To :
Sri / Smt.

HEMRAJ PRAJAPTI
163/1
SAI DHAM COLONY
NEELGANGA
UJJAIN
Ujjain
456010
Madhya Pradesh

1.Copies of Follow-up reports / transaction reports during stage releases have to be sent to Corporate Office.
2.BCS has to be sent in duplicate to Corporate Office within seven days from the date of first disbursement.
3.Two photographs of the building – one showing the front view and another showing the side view have to be forwarded to
Corporate Office.
4.Repayment of EMIs shall be through Post Dated Cheques or NACH.
5.All the Original documents have to be verified and certified by our Panel Advocate.
6.Conditions mentioned in the legal opinion should be complied with before disbursement.
7.Documents in Original have to be obtained as per the list of panel Advocate’s Opinion.
8.Age proof, ,Address proof and Signature verification of Applicant/Guarantor have to be obtained
9.Business/Employer details of Applicant/Guarantor have to be verified and details have to be incorporated in the file .

For Repco Home Finance Limited

Authorised Signatory

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