SANCTION LETTER
Approval No. 20211011100039 / SHMDSR0000118-0
Oct 29, 2021
To,
PAPPULAL
Co-applicant - Sheela Parihar
Guarantor - Ghanshyam Parihar
GAYATRI NAGARMANASA ,
BHARTUN , MANASA ,
MADHYA PRADESH 458113
Dear Sir/Madam,
We refer to the loan application submitted by you and are pleased to sanction the facility as per details mentioned below:
Nature of Facility : Home Loan
Purpose of Loan : Balance Transfer
Interest Rate Type : Floating Interest Rate
SHPLR(SHFL Prime Lending Rate) : 15%
Mark Up : -4.50%
Present Rate of Interest(%) p.a.* : 10.50%
If with only Life If with only General If with Life Insurance If without any
Insurance** Insurance*** &General Insurance**** Insurance
Amount of Loan : Rs. 1,747,466 Rs. 1,684,393 Rs. 1,756,859 Rs. 1,675,000
Equated Monthly Installment(EMI) : Rs. 17,446 Rs. 16,817 Rs. 17,540 Rs. 16,723
**Sanctioned amount is inclusive of Life Insurance Premium of Rs. 72,466/-** funded as
the part of the loan
***Sanctioned amount is inclusive of General Insurance Premium of Rs. 9,393/-** funded
as a part of the loan
***General insurance premium includes Health insurance premium of Rs. 0/-** &
property insurance premium of Rs. 9,393/-**
****Sanctioned amount is inclusive of Life Insurance Premium of Rs. 72,466/-** and
General Insurance Premium of Rs. 9,393/-** funded as a part of the loan
No. of monthly installments : 240 Months
Monthly repayment of
1.Interest on the amounts disbursed till HomeLoan is not fully disbursed or 18 months
have not lapsed from the date of first disbursement, whichever is earlier.
2.Cases booked between 1st and 15th of the month; will have first PEMI due on 5th of
subsequent month. Cases booked between 16th and 31st of the month; will have first
PEMI due on 5th of next to subsequent month.
3.Equated Monthly installements is therafter.
4.PEMI/EMI to be paid on the 5th of every month
Processing Charges : Rs. 2,360/- (Processing charges includes Goods and Service Tax as applicable)
Primary Security : Charge on the property in favour of SHFL offered as security for the loan
Co-Applicant & Guarantor : Sheela Parihar & Ghanshyam Parihar
Validity of sanction letter upto : 26 Jan 2022
The aforesaid sanction of the loan will be subject to :
Contact us: Online Loan Details:
Call us at: Email us at Download SHFL Mobile App on or
1800-102-4345 contact@shriramhousing.in visit our customer portal at www.shriramhousing.in
To visit our nearest branch, go to
Use your mobile number and password to
www.shriramhousing.in/contact-us login
Head Office : Level 3, Wockhardt Towers, East Wing, C-2, G Block, Bandra - Kurla Complex, Mumbai - 400 051.
Regd. Office : No. 123, Angappa Naicken Street, Chennai - 600 001.
CIN : U65929TN2010PLC078004
1. Loan to be disbursed within validity period of sanction letter
2. Clear Legal & Technical verifications of the property
3. Property financed to be insured with SHFL as the loss payee
4. Applicable mortgage charges to be borne by borrower(s)
5. Disbursement for the take-over component to be made directly to the existing lender
6. List of Documents from existing financer mentioning original or copy in its possession along with property address
7. Loan foreclosure letter from existing financer mentioning outstanding loan amount
8. All Property Owners to come on Loan Structure
9. Legal & Technical of the property to be clear as per SHFL Norms
10. Terms and conditions as mentioned subsequently on the reverse side of this letter
11. You should adhere to construction norms and technical specifications as laid down by National Building Code and National Disaster
Management Authority Guidelines.
12. Any ROI, PF, Insurance waiver approval to be taken.
13. BALANCE PF TO BE COLLECTED 43660/-
14. BT Undertaking with Conditions to be fulfilled
15. Business profile to be documented
16. End use letter to be taken in SHFL format.
17. Latest LOD & FC of BT bank.
18. Legal of the property to be clear as per SHFL Norms
19. Loan amount of Rs 5lacs & RS 4.9 lacs to be closed from SHFL fund
20. LTV to be Restricted 61% of MV Excluding insurance.
21. RCU Report to be positive.
22. Repayment to be from HDFC Current bank account – A/c No- 50200037593191
Acknowledgement
I/We have read the terms & conditions mentioned in this sanction letter & accept the same along with the option ticked below:
1. Housing Loan Amount with only Life Insurance
2. Housing Loan Amount with only General Insurance
3. Housing Loan Amount with Life Insurance & General Insurance
4. Housing Loan Amount without any insurance
Signature :
Name :
Date : (Applicant) (Co-Applicant / Guarantor)
Authorized Signature
*This may undergo a change and the interest rate at time of disbursal shall be applicable.
The amortization schedule consisting of the break-up between principal and interest shall be provided separately after the disbursement and
shall be considered as part and parcel of the loan argreement.
**Life Insurance premium amount may change depending on the stage of construction of the property or if there is change in the age of
insured at the time of first disbursement.
***Property Insurance premium amount will be disbursed at the time of final disbursement and premium amount may change if there is
change in the built-up area of property.
Not withstanding anything mentioned above. SHFL can add, delete, modify all or any of the aforesaid terms & conditions without any
reference to the applicant/s.
GST is currently levied @18.00% on service charges and is subject to change from time to time as per directives from the regulatory
authorities.
Contact us: Online Loan Details:
Call us at: Email us at Download SHFL Mobile App on or
1800-102-4345 contact@shriramhousing.in visit our customer portal at www.shriramhousing.in
To visit our nearest branch, go to
Use your mobile number and password to
www.shriramhousing.in/contact-us login
Head Office : Level 3, Wockhardt Towers, East Wing, C-2, G Block, Bandra - Kurla Complex, Mumbai - 400 051.
Regd. Office : No. 123, Angappa Naicken Street, Chennai - 600 001.
CIN : U65929TN2010PLC078004
