C/O SH NAVNEET MITAL, 29A, STAFF ROAD AMBALA-133001 Tel (0171)-2631735
File No : 3119005094 Date : 05/11/2020
To
MS MEENAKSHI BHORIA / MR MANISH SHARMA
Flat No.H.NO. 545, 1ST FLOOR, PHASE - I, JAGGI GARDEN,
AMBALA, HARYANA - 134007
Dear Sir/Madam,
We are pleased to inform you that we have 'In Principle' approved an INDIVIDUAL HOUSING LOAN as per terms and conditions mentioned
herein.
1. Scheme : APNA GHAR (M.I.G-I)
2. Loan Amount : Rs. 20,00,000.00
Rupees Twenty Lakh only
3. Rate of Interest : 6.90 %p.a.
The above floating rate shall be as prevailing on the date of disbursement and linked to LHPLR
minus 780 bps. The floating rate will be subject to periodic review of LHPLR fixed by the
company from time to time (plus/minus the spread as above)
Product Type : FLOATING
Current LHPLR : 14.70 %
4. Term : 228 Months
5. Purpose : Construction of House
6. Repayment Terms -
6(a). Rest frequency : Monthly
6(b). Equated Monthly Installment : Rs. 15,766.00
Rupees Fifteen Thousand Seven Hundred Sixty-Six only
6(c). No of EMIs : 228 Months
7. Total Upfront Fees : 0.00 + Taxes as Applicable
(Rupees only)
8. Commitment Fees : As applicable from time to time.
9. Security : As may be decided by LICHFL at its sole discretion
10.Fees on prepayment : > Under floating rate period, prepayment charges are not applicable only to Individual
borrower.
> Non Individual Borrowers (i.e. Companies/ Partnership Firm/ LLPs/ Trust, etc).and where
such Non-Individuals are Co-borrowers along with Individual borrowers prepayment charges
will be 2.00% on the loan amount prepaid plus Applicable Tax.
> Under fixed rate period, the prepayment charges will be Nil if paid from own sources else
2.00% on the loan amount prepaid plus Applicable Tax(applicable only
to Individual borrowers).
> The company reserves the right to call for necessary documents as an evidence of source
of funds.
Kindly make payment of non refundable upfront fees as mentioned in point no (7) above through Cash/Cheque/Demand Draft marked 'payee's
account only ' in the name of 'LIC Housing Finance Ltd.'. In case you have already paid this amount, kindly ignore this clause. Please sign the
duplicate copy of this letter in token of your acceptance of the terms and conditions as contained overleaf and contact us for execution of Loan
Agreement and to complete the necessary formalities.
C/O SH NAVNEET MITAL, 29A, STAFF ROAD AMBALA-133001 Tel (0171)-2631735
The aforesaid sanction of the Loan amount will be subject to the following additional conditions:
1 Clear & Marketable Title, NACH, LTV as per Norms, Usual T/C of the scheme, Moratorium Undertaking, Original Signed Satisfactory
Valuation Report, Reasonable Estimate and Inspection, PMAY Conditions, Max Carpet Area 1722 Sq Ft for MIG-I, Valuer Certificate for
Carpet Area on Each Disbursement for complete house, Carpet Area not to exceed the permissible limit, Affidavit from Applicant to
construct within the limit only, Affidavit from Applicant that no other owned house Property, Sanction Map for Max Carpet Area as per
limit for MIG-I, Lien /Mutation/Approved Map as per Guidelines , Fresh PMAY Form, Fresh Resi FI with correct Resi Status, One sound
guarantor
Applicant/s to undertake compliance with the provisions of Section - 194-IA of the Income Tax Act, wherever applicable, and submit proof of the
payment.
We would be happy to expedite the disbursement of the loan and request you to contact our Office at AMBALA to complete the necessary
formalities required by LICHFL.
We look forward to have a long lasting relationship with you.
I/We accept the above terms and conditions
Yours faithfully, 2. MS MEENAKSHI BHORIA 1. MR MANISH SHARMA
For LIC Housing Finance Ltd
Signature :
Place :
Date :
Authorized Signatory
Encl: As Above
