SANCTION LETTER

Sanction Date : 22-01-2025

Applicant / Borrower Name :MR.BIPURI VENKATA CHARAN KUMAR
Guarantor(s) Name :MR. BIPURI VENKATESWARLU / MRS.KARNATI SRI LAKSHMI
Address : HNO 2-A/136,VENKATA SAI NAGAR,PHASE 1,CHOWDARIGUDA,
NARAPALLI,KV RANGAREDDY-500088.

Dear Sir / Madam,

Sub: Your Request for Loan Against Property

Reference Application No : 1217001

Greetings from Equitas Small Finance Bank (“Bank”) and we thank you for choosing us for your financial needs!

We are pleased to inform you that with reference to your application, we are sanctioning the loan amount in principle which is subject to the terms
and conditions given below and legal & technical clearance of the property offered as security.

Fixed for 3.5 years and Floating

Sanction Loan Amount (Rs.) 1700000 Interest rate type
thereafter

External Benchmark Rate 6.50% per annum Spread 8.50% per annum

Rate of Interest (On monthly rest) 15.00%per annum Tenure (in months) 180
<Self Occupied Residential
EMI (Rs.) 23793/- (Payable monthly Property Type Property>

Processing Fee (Rs.) 30090 Purpose of Loan

Legal and Technical Fee (Rs.) NA Mortgage creation charges (Rs.) As applicable

Admin Fee (Rs.) NA CERSAI Charges (Rs.) 118

Login Fee (Rs.) 525 Documentation Charges (Rs.) 3044

H.No: 2-A/136, (As per Tax H.No: 2-2/A/136), Plot No: 136, in
Survey No’s: 848/A, 849/B, 849/C,849/D,851, 851/A, 851/C,
Property Owner Name and 851/D, 851/E, 851/F, 851/J, and 851/G, Situated at “VENKATA SAI
Address
NAGAR”, Korremula Revenue Village, Chowdariguda Gram Panchayat,
Ghatkesar Mandal, Medchal-Malkajgiri District, Telangana,
Pincode: 500088.
All the above charges are inclusive of GST

Please note that the borrower and/or guarantor(s) are required to provide life cover for the loan amount, property insurance and personal accident
insurance for the entire tenure of the loan. In case of borrower/guarantor(s) failing to provide Insurance as mentioned above the Bank may effect the
Insurance, however without any obligation to do so. The premium amount would be as detailed below if the borrower(s) choose to avail from the
Bank through our service providers.

Type of Insurance Service Provider Holder Name Premium Amount (in Tenure in Months
Rs.)
Credit Shield Insurance ICICI B VENKATA CHARAN 33159 180
Property Insurance CHOLA B VENKATA CHARAN 11113 120
Personal Accident Insurance NA NA NA NA

I/We have read and understood the terms and conditions of the sanction and accept the offer.

Borrower & Guarantor(s)

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Please tick the appropriate box below:
I / we provide my/our consent to opt for credit shield for myself / ourselves to the extent of the loan availed from the Bank and also agree to
endorse the insurance favoring the Bank. The Bank has explained the contents and the details of the insurance and amount covered to me.
I / we also agree for the Bank arranging the credit shield insurance from the insurance partner of the Bank.

Credit Shield Insurance Premium is calculated on standard rate. It may undergo a change based on medical examination and age of the
person insured (if applicable).
Borrower(s) shall opt for paying the above premium through their own funds by handing over the cheque(s)/DD(s) to us before disbursement.
Based on the realization of the amount under the cheque(s)/DD(s), proposal will be sent to the Insurance service providers for policy issuance.

The External Benchmark rate adopted by the Bank is RBI’s Repo rate. Refer the URL https://rbi.org.in/home.aspx for further details.

This offer is further subject to the below conditions:

1. MODT to be done in favour of Equitas small finance bank ltd.

2. Disbursement DD’s split in to 4, 3 in favour of high outstanding credit card, and rest amount on applicant
favour, 1st we will release applicant favour DD only, with that amount applicant will close all rest of CC’s and
proofs to be submit, later rest 3 DD’s will released.

3. Latest property tax receipt to be document in file.

4. Relationship proof of applicant and co applicant (Spouse) to be document in file.

5. Updated bank statement to be document in file.

General Terms and Conditions:

1. The disbursement of the loan shall be at the absolute and sole discretion of the Bank. The Bank reserves the right to
add/amend/alter/altogether cancel the sanction before disbursement at its sole discretion.
2. If there is any change in the repo rate between the sanction date and the disbursement date, the repo rate as applicable on t he date of
disbursement will be taken for the purpose of calculation of revised interest rate on the loan.
3. Interest rate switch from fixed to floating rate will be from the First EMI cycle date immediately after the fixed period. Su bsequent interest
rate resets will be on the first EMI cycle date of every calendar quarter. If the loan switches into floating rate regime exactly on the EMI
cycle date, the reset would happen from that date.
4. The Margin (Spread) will be increased based on deterioration in credit history/default in repayment.
5. The Borrower(s) will produce such documents/ reports/ evidence as may be required by bank to ascertain that the property mortgaged with
the bank has a clear and marketable title. The Borrower(s) will bear all charges payable for creation of security of such documents.
6. CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India) registration is mandatory for all loans.
7. This loan will be secured by deposit of original title deed(s) with the Bank and creation of mortgage with the Sub Registrar Office. The
charges for the same will be borne by the borrower(s).
8. The EMI comprises principal and interest calculated on monthly rest basis and is rounded off to the next rupee.
9. The Pre-EMI interest and EMI payable under different disbursement dates are as follows:

Illustration

Date of disbursement of loan Pre-EMI EMI

Any day except 10th of the Payable on 10th of next Payable on 10th of the month
current month month succeeding the GDI month.

10th of Current month Not applicable Payable on 10th of next month.

Pre-EMI(Pre-EMI Interest – Interest charged from the date of disbursal to the next cycle date of repayment)

10. In the event of bank, increasing the interest rate prior to the completion of the disbursement of the entire loan amount, the rate as
increased/decreased shall be applicable to the loan forthwith from the date of such increase and borrower shall pay interest on the principal
amount of the loan at such increased rate, provided further that bank, may from time to time, at its sole discretion increase the rate of
interest suitably, if there is an increase in the external benchmark rate and the same shall be applicable to the loan.

I/We have read and understood the terms and conditions of the sanction and accept the offer.

Borrower & Guarantor(s)

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 11. Mode of Payment of Pre-EMI Days interest/EMI:
The borrower shall repay the loan through Standing Instructions or ACH (Automated Clearing House) as per the prevalent business and
banking practices. In case the ACH does not get registered due to any reason, ACH may be resubmitted or swapped to another Bank at
an additional swap charge as applicable.
12. Borrower(s) will produce such documents/ reports/ evidence as may be required by bank to ascertain that the property mortgaged with the
bank has a clear and marketable title. Borrower(s) will bear all charges payable for creation of security of such documents.
13. Borrower(s) shall inform the bank in writing about any change/loss of job/change in residential status, business, and profession (as the case
may be) immediately after such change/loss.
14. This letter of offer shall stand revoked and cancelled and shall be absolutely null and void if :
There are any material changes in the proposal for which this loan has been, in principle sanctioned.
Any materials fact concerning your income or ability to repay or any other relevant aspect of your proposal or your applications for loan is
withheld, suppressed, misleading, found to be wrong and if the Bank ascertains / has reasons to believe that borrower(s) is/or involved in
commission of any offence or investigated by any authority or proceeding is pending before any court forum or authority.
Any statement made in the loan application is found to be incorrect or untrue.
15. The interest rate on the loan amount shall vary depending on the variations in the external benchmark rate when the loan switches to
floating rate. EMI amount is normally kept constant irrespective of variation in Interest Rate by changing tenure. However, the Bank is
entitled to increase the EMI at its sole discretion. The tenor of the facilities shall also change as per change in interest rates.
16. Foreclosure/Part Payment of the loan is not permitted within six months from the date of last disbursement.
17. There is also an option to move into Fixed Rate from floating rate for one time during the loan tenure. This can be exercised by you by
giving a written request to the Branch, paying requisite switch fee and completing the documentation formalities accordingly.
18. You can collect the documents upon closure of the loan along with the linked facilities if any in the below branch as opted by you

Branch Name:
PARADISE

Branch Address:
Equitas Small Finance Bank
Spencers Plaza, 4th Floor, Phase II,
#769, Anna Salai, Chennai – 600 002

Contact Person: At Branch

Operations Officer / Manager or Branch Credit Manager

19. Fees and other Charges:

Nature of Charges/Fees Loan Against Property
Legal Charges NIL
Processing Fee Upto 2%
Admin Fee NIL

Rs 2,000/- inclusive of GST for loans upto 5 lakhs

Login Fee (Non-refundable and part of
Rs 3,000/- inclusive of GST for loans above 5 lakhs and upto 25 lakhs
Processing fees)
Rs 5,000/- inclusive of GST for loans above than 25 lakhs

CERSAI Charges Rs 50 for all loans upto Rs 5 lakhs and Rs 100/- for all other loans

Part Pre-Payment Charges (Fixed ROI

3% on prepaid amount
period)
Part Pre-Payment Charges excluding NIL If the end use of funds is other than Business.
corporate borrowers (Floating ROI period) 3% on prepaid amount
Payment made through own funds of the borrower(s) - 3%
Payment made through funds/instruments from other financial institutions 5%
Foreclosure Charges (Fixed ROI period)
(Balance Transfer of loan to other institution)

Payment made through own funds of the borrower(s) - 3%

Payment made through funds/instruments from other financial institutions 5%
Foreclosure charges excluding corporate
(Balance Transfer of loan to other institution)
borrowers (Floating ROI period)
Individual Borrower(s) - NIL If the end use of funds is other than Business.
Cheque / ACH / SI bouncing charges Rs 500/-

Delayed Payment charges 36% per annum for the delayed days from EMI due date till the date of payment

Field Visit Charges Rs 250/- per visit for EMI collection

I/We have read and understood the terms and conditions of the sanction and accept the offer.

Borrower & Guarantor(s)

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 Documentation charges Rs 1,500/-
Repayment swap charges Rs 500/-
Charges for providing photocopy of
Rs 500/-
documents
Charges for providing Statement of
Accounts/No due certificate - Once in six Nil
months
Charges for providing Statement of
Accounts/No due certificate - More than Rs 500/-
once in six months
Charges for mortgage release/cancellation Rs 1,000/-
All the above charges are exclusive of GST

20. Customer Service Timings

Visiting hours at the Branch/Office
Monday to Saturday - 9.30 am to 5.30 pm
Sunday - Holiday
Second and Fourth Saturday (every month) – Holiday
Contact Person: At Branch
Customer Service Officer / Branch Manager

Procedure for obtaining the documents and the timelines

1. Loan account statement – Visit our Branch office. Time-line – Same Day.
2. Photocopy of title documents - Visit our Branch office. Time-line - 7 Working Days
3. Return of original documents on closure / transfer of loan and release of mortgage - Visit our branch office. Time-line - 30 Working Days
from the date of settlement.

21. Grievance Redressal

Every Branch is provided with a Complaint Register to enable borrower to register his/her complaint. The Branch Manager will be responsible
for resolving the complaint and registering the resolution. Customer can send their complaints/grievances through the mail to the email id:
Customerservice@equitasbank.com or call the bank’s toll free # 1800 103 2977 or write to :
Grievance Redressal Officer
Equitas Small Finance Bank
Spencers Plaza, 4th Floor, Phase II,
#769, Anna Salai, Chennai – 600 002

All Complaints through email, telephone and post will be handled by the banks exclusive Grievance Management Team. In case the grievance is not
resolved to your satisfaction, you may escalate to the Nodal officer. In case you are still not convinced with the resolution provided you may escalate
the issue to the Principal Nodal Officer (please refer the website for the details.: https://www.equitasbank.com/grievance-redressal-procedure).
Please note that complaints which are rejected partially / fully are reviewed by the bank’s Internal Ombudsman prior to communicating the final stance
to the customer.
If the response is not satisfactory or if your complaint remains unresolved post 30 days of lodging the complaint with bank, then you can write to
Banking Ombudsman : https://cms.rbi.org.in or call the toll free : 14448
It is hereby agreed that for detailed terms and conditions of the loan, the parties hereto shall refer to rely upon the loan and other security documents
executed/ to be executed.

Kindly sign the enclosed duplicate of this letter in token of your acceptance of the conditions of sanction of the loan and r eturn it within 60 days from
the date of this letter to us. This sanction shall expire with efflux of time.

Please feel free to contact our customer care toll free number 1800 103 2977 in case of any clarification.
You can also mail us on:Customerservice@equitasbank.com

Thanking You,
Yours truly,
Equitas Small Finance Bank Limited

I/We have read and understood the terms and conditions of the sanction and accept the offer.

Borrower & Guarantor(s)

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 Key Fact Statement

Key Fact Statement – Loan Against Property

1. Loan Amount 1700000

2. Loan Term 180 M

3. Interest Type (Fixed or Floating) Fixed for 3.5 years and Floating thereafter
(a) Interest chargeable (a) 15.00% per annum
4. (In case of Floating Rate Loans)
(b) Interest chargeable (b) Not Applicable
(In case of Fixed Rate Loans)
5. Date of reset of interest The month following the completion of fixed interest rate period as mentioned in
point 3 of above
6. Mode of communication of changes in interest rates Email / Letter
Fee payable
a On application As mentioned in the schedule of charges of the sanction letter
(Pl individually specify all type of fee)
7. b During the term of the loan As mentioned in the schedule of charges of the sanction letter
(Pl individually specify all type of fee)
c On foreclosure As mentioned in the schedule of charges of the sanction letter
(Pl individually specify all type of fee)
d Fee refundable if loan not sanctioned/disbursed Nil
e Conversion charges for switching from floating to fixed As per the switch fee as applicable from time to time
interest and vice-versa
f Penalty for delayed payments As mentioned in the schedule of charges of the sanction letter
8. EMI payable 23793/- (Payable monthly)
9. Details of security/collateral obtained As per Memorandum of Deposit of Title deed(s)/ Deed of Mortgage executed in
favour of Equitas Small Finance Bank Limited
10. Date on which annual outstanding balance statement will 31st May of every year
be issued

I/We have read and understood the terms and conditions of the sanction and accept the offer.

Borrower & Guarantor(s)

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