HDFC BANK LTD.

,104-105, FIRST FLOOR,

SYNERGY SPACE, SARGASAN, GANDHINAGAR - 382421
18002100018 , 079-64807999

File No: 703536133/CG3 Offer Date: 21-OCT-2024

Service Center: GANDHINAGAR
Place Of Service: GANDHINAGAR
MRS PARMAR KRISHNABEN JAYSHUKHBHAI
SECTOR 5 C
BLOCK NO 9921
OPP MRF TYPE SHOWROOM
GANDHINAGAR - 382006
Email ID: krishnap2605@gmail.com
Mobile Number: 7228896664

Dear Sir/Madam,

We are pleased to inform you that we have in principle, in terms of your request, approved a HOUSING
LOAN as per the terms and conditions mentioned below, special conditions if any, and other conditions
mentioned overleaf.

As per your request, this offer is being made to you under HDFC BANK's HOUSING LOAN scheme, under
the TELESCOPIC REPAYMENT OPTION(TRO).

Amount Approved Rs. 3750000

Rate of Interest 8.75% p.a. on a Variable Rate basis **
Term 25 Years ***

Repayment Terms:
Rest Frequency Monthly Rest
Equated Monthly Instalment Rs. 30831 per month ***
Payable in 300 instalments ***

Processing Fee payable Rs. 3540

Processing Fee received Rs. 3540

** The interest rate announced by HDFC BANK from time to time as its EXTERNAL BENCHMARK
LENDING RATE (EBLR) shall be applicable to your loan with spread, if any. The current applicable rate of
interest with spread, if any, is 8.75% per annum.
*** This is subject to the provisions for variation thereof in terms of the loan agreement to be executed by
you.

THIS LOAN APPROVAL IS SUBJECT TO LEGAL AND TECHNICAL CLEARANCE OF THE PROPERTY
BEING FINANCED; INCLUDING VALUATION OF THE PROPERTY AS ASSESSED BY HDFC BANK
LTD.

File No: 703536133 / 1 / CG3 Page No: 1 of 7

2. Tenure and Repayment terms of the Loan

(a) The Term of the Loan is as also mentioned herein above.

(b) The Loan will be repayable in Equated Monthly Instalments (EMI). The instalments are payable every
month.

The EMI comprises principal and interest calculated on the basis of monthly rests at the rate applicable and
is rounded off to the next rupee.The rate of interest is subject to revision in terms of the Loan Agreement to
be executed by you and is subject to any higher rate that may be prevailing at the time of disbursement.

c)The term is subject to variation as a consequence to a change in the money market conditions resulting
in a change in the EBLR and thus a change in the repayment terms, more specifically described in the
Loan Agreement. HDFC BANK in such a situation, as mentioned, shall have the right to review the term in
such manner and to such extent as it may deem fit. You shall however continue to pay the EMIs as
indicated in the Loan Agreement without any intimation from HDFC BANK.

However, if the EMI would lead to a negative amortization (ie, the EMI not being adequate to cover interest
in full), HDFC BANK shall increase the quantum of the EMI and you shall be then required to pay the
increased EMI as intimated by HDFC BANK, more specifically described in the Loan Agreeement .

(d) Pre-EMI interest (PREEMI) at the rate at which the EMI has been calculated as aforesaid, shall be
charged from the respective date/s of disbursement to the date of commencement of the EMI in respect of
the Loan.

(e) The Loan will be disbursed in lumpsum or in suitable instalments (normally not exceeding 3) to be
decided by HDFC BANK.

(f) The Loan will not be disbursed in part or full until you have fully invested your own contribution i.e. the
cost to be incurred for the property less HDFC BANK's Loan.

(g) You shall inform HDFC BANK in writing about any change/loss of job/business, profession (as the case
may be) immediately after such change/loss.

(h) The Loan shall be repayable in the number of instalments stated herein above and more particularly as
mentioned in the Loan agreement.

3. Other terms and conditions for the Loan:

(a) The property in connection with which this Loan has in principle, been sanctioned, must confirm to the
requirements of HDFC BANK.
(b) The Loan will be secured in such manner as may be required by HDFC BANK. You shall produce such
papers, reports, and evidences pertaining to the property as HDFC BANK may wish to scrutinize.
(c) The Loan will be disbursed subject to the legal and technical clearances of the property proposed to be
financed.
(d) The amount of the Loan has been fixed, inter alia, on the assumption that the cost to be incurred by you
for the property will be estimated in your application. In the event of the cost actually incurred being less,
HDFC BANK reserves the right to suitably reduce the amount of the Loan.

File No: 703536133 / 1 / CG3 Page No: 2 of 7

(e) Disbursement of the Loan, will also be subject to HDFC BANK being satisfied after verification of the
submitted attested copies of the documents in connection with proof of residence, proof of identity as
mentioned in the Loan Application and any other details as may be required by HDFC BANK or on account
of a regulatory requirement during the pendency of the Loan.
(f) It will be your responsibility to ensure that the property is duly and properly insured against all risks such
as earthquake, fire, explosion, storm, cyclone, civil commotion, etc, during the pendency of the Loan, with
HDFC BANK being made the sole beneficiary under the policy/policies.
(g) This letter of offer shall stand revoked and/or cancelled and shall be absolutely null and void if:
i) there are any material changes in the proposal for which the Loan is, in principle sanctioned;
ii) any material fact concerning your income, or ability to repay, or any other relevant
aspect of your proposal or your application for loan is suppressed, concealed or not made known to us;
iii) any statement made in the loan application is found to be incorrect or untrue;
iv) the processing fee, in full, has not been received by us within 15 days of this letter.

SPECIAL CONDITIONS:
1 Insurance to be added to this loan application before disbursement fixing
2 Subject to submission of Original Registered mortgage deed to HDFC Bank Ltd. before First and/or
Final disbursement as the case may be.

3 Subject to submission of remaining processing fees before disbursement. Kindly ignore if already paid.
4 (A)Please note that any change in the interest rate benchmark of the loan may lead to changes in EMI
and/or tenor or both. At the time of reset of interest rate due to change in underlying benchmark
(increase or decrease), as a default action bank will adjust the tenor or EMI or Both, subject to this
action not leading to a negative amortisation or exceeding age/tenor norms as per Bank’s policy. The
Borrower shall be intimated by the Bank vide e mail, letters etc in this regard.
(B)The borrower (who have availed EMI based floating rate Personal Loans*) subject to applicable
fees/charges, shall have the option to opt for any of the following, in case of increase in interest rate:
(i)Switching of loans from floating rate to fixed rate,
(ii)Enhancement in EMI or elongation of tenor or for a combination of both options, and,
(iii)To prepay, either in part or in full, at any point during the tenor of the loan.
Levy of pre-payment penalty shall be subject to extant / applicable regulations.
*As defined in the RBI circular No. DBR.No.BP.BC.99/08.13.100/2017-18 on "XBRL Returns –
Harmonization of Banking Statistics" dated January 04, 2018
(C)The Bank, based on the change in/reset of Interest Rate applied on the loan, shall have the sole
discretion to increase the EMI amount and/or tenure i.e. number of the EMI(s), in the following
circumstances:
(i)If the EMI(s) would lead to a negative amortization i.e. where the EMI(s) is not adequate to cover the
interest in full, and/or
(ii)If the principal component of the EMI(s) is inadequate to amortise the loan within such period as may
be determined by the Bank.
Accordingly, the Borrower shall be required to pay such increased EMI amount and the number thereof
as decided by the Bank and intimated to the Borrower.
5 As per the applicable provisions, the Purchaser/Transfree/Buyer of property is mandated to deduct
applicable tax at source based on the requirements of the case, on behalf of the
Vendor/Transferor/Seller from the consideration for the transfer of the property. In view of the same,
you will be required to provide necessary evidence of having deducted the same and remitted to the
Government Authorities before availing the disbursement of the loan.

File No: 703536133 / 1 / CG3 Page No: 3 of 7

6 THE LOAN AMOUNT WILL BE SUBJECT TO VALUATION OF THE PROPERTY, AS ASSESSED BY
HDFC BANK LTD.
7 As per your request, this offer is being made to you under HDFC BANK's ADJUSTABLE RATE HOME
LOAN scheme.
8 As a result of the variations in the interest rate the number of EMI's is liable to vary from time to time.
9 Loan will be disbursed subject to legal and technical clearance of the property financed.
10 The rate of interest mentioned above is based on the currently prevailing EBLR and the same may vary
at the time of disbursement of the loan as well as during its pendency in terms of the said Loan
Agreement.
11 This in-principle approval stands valid subject to:a. Verification checks as conducted by HDFC BANK
with respect to credit history, employment, residence, identity, property, etc are found satisfactory.b. All
material facts concerning your income, or ability to repay or any other relevant aspect of your in-
principle approval or your application for loan are fully disclosed.c. Documents/clarifications/information
sought from time to time are provided as to the satisfaction of HDFC BANK.
12 (A) Bank will handover/ release the mortgage documents and satisfy charges wherever applicable
within 30 days of closure of the loan as advised in the below clauses.
(B) Upon full closure of the loan, release or hand-over or returning the property documents obtained
from you as security towards the loan will be subject to clearance of all Outstanding and overdue
balances due from you to the bank whether as a Borrower or co-borrower or guarantor and compliance
with the terms and conditions of the loan agreement.
(C) Property documents can be collected from our Office located at the place of service as updated on
page 1 of the aforesaid letter (This address is subject to change and the actual address will be
intimated to the customer at the time of closure of the loan) during banking hours after giving a
minimum of 10 working day notice after closure of the loan and all outstanding balances and overdues
and other applicable terms and conditions of the loan – whichever event is later. The appointment for
collection of the property documents can be taken by way of fixing an online appointment or by sending
an email to a specified email address or by physically visiting our office address mentioned above. The
details relating to online appointment portal for fixing the date and time for collecting property
documents, email address for sending the request will be intimated in the communication which will be
sent to you upon full closure of the loan and clearance of all outstanding balances due from you and
other applicable terms and conditions of the loan.
(D) In respect of satisfaction or release of the charge favoring the Bank in registries like CERSAI and
Sub-Registrar Offices wherever applicable will be initiated by the Bank within 30 days of the full closure
of the loan and clearance of all outstanding balances due from you and other applicable terms and
conditions of the loan or within 30 days of completion of formalities or procedure at your end. if any,
whichever event is later.
(E) Original title documents not collected beyond 60 days as mentioned herein above will attract
custody charges as applicable. (Please refer to the Charges Section in HDFC Bank website).
13 It is in your own interest and the interest of your family members that you buy an insurance plan to
cover the liability on your home. We recommend life insurance & health insurance cover for all income
earning borrower / co-borrower. You can avail insurance products like “HDFC Life Group Credit Protect
Plus” from HDFC Life Insurance company, “Home Credit Assure” from HDFC Ergo Insurance Company
or from any other IRDA registered insurance company
14 (A)The borrower undertakes to insure the property for full reconstruction value and assign the policy in
favour of HDFC Bank Ltd. You can avail property insurance from any insurance company of your
choice. Customer's participation in this policy through us is entirely voluntary.
(B)HDFC Bank Ltd. offers property insurance of HDFC Ergo General insurance Company Ltd. and
Bajaj Allianz General Insurance Company Ltd., and purchase by a bank's customer of any insurance
products is purely voluntary and is not linked to availment of any other facility from the bank.
File No: 703536133 / 1 / CG3 Page No: 4 of 7
15 Bank will debit your EMI Repayment from your HDFC Bank Account on due date as mentioned in the
Terms & Conditions of the Agreement unless Bank has agreed to debit EMI from your Non HDFC Bank
Account. Please ensure adequate funds in your HDFC Bank account to cover the loan repayment dues
and Charges(if any). Servicing of EMIs from HDFC Bank Account will facilitate to avail our “Premier
Banking” services and suite of financial product as per your requirements and eligibility.
16 Disbursement of the loan will also be subject to submission of attested copies of documents in
connection with Proof of Residence and Proof of Identity as mentioned in the Application Form and
HDFC BANK finding the same satisfactory.
17 For purposes of KYC Verification, MRS PARMAR KRISHNABEN JAYSHUKHBHAI will be required to
carry the following original documents : EKYC REPORT (OTP BASED) as IDENTITY PROOF ,
COMMUNICATION ADDRESS CCV REPORT as ADDRESS PROOF and PAN CARD as PAN
PROOF respectively, when she visits us for availing of loan disbursement or prior to that.
18 The processing fee benefit is being offered under a special limited period campaign. This benefit will be
applicable only if first disbursement is availed by 15-OCT-2024.

HDFC BANK reserves the option to reduce or increase the EMI or modify the repayment period or both
consequent upon the revision in interest rate or on account of any extraneous circumstances which may
include regulatory compliances.

You shall be required to bear and pay applicable stamp duty, all charges levied by the Central Registry of
Securitization Asset Reconstruction and Security Interest of India (CERSAI) and all statutory / regulatory
charges / taxes on account of the Loan or the Security, that are presently applicable and as may be made
applicable from time to time, during the pendency of the loan. These charges are non- refundable in nature
and payable at the point of disbursement / applicability and thereafter as and when due and payable at the
rate as applicable on such date of disbursement / applicability.
The current charges stipulated by CERSAI are as under:
(1) For loans upto Rs 5.00 Lakhs (for an original filing and for modification): Rs.50 (per filing/modification)
(2) For loans above Rs 5.00 Lakhs (for an original filing and for modification): Rs.100 (per filing/modification)

Illustrative amortization schedule is attached herewith for your reference and understanding of the
repayment options and its features. Please note that the calculations in the schedule are based on a loan
amount of Rs. 1.00 Lac for a tenor of 30 years under the Telescopic Repayment option, and as such is
indicative in nature. The same shall vary depending upon the actual loan amount and tenor. You are
requested to refer to the same and in case of any clarification contact the nearest HDFC BANK office.

File No: 703536133 / 1 / CG3 Page No: 5 of 7

We will be happy to expedite disbursement of this loan and request you to write to us on
customer.service@hdfc.com from your registered email address to complete the necessary formalities
required by HDFC BANK.

We look forward to hearing from you.

Yours faithfully,
For HDFC BANK LIMITED,

Authorised Signatory

Encl : As above.

File No: 703536133 / 1 / CG3 Page No: 6 of 7

 Schedule to the Offer Letter dated 21-Oct-2024
Illustration of a Normal Amortisation Schedule under a Telescopic Repayment Option.

Loan Amount 100000

Rate of Interest 8.75%*

Term 30 Years

EMI 787

Amount paid by Interest paid during Principle repaid

Year Opening Balance Customer(EMI x 12) The year During the year
1 100000 9444 8721 723
2 99277 9444 8656 788
3 98489 9444 8584 860
4 97629 9444 8506 938
5 96691 9444 8419 1025
6 95666 9444 8328 1116
7 94550 9444 8225 1219
8 93331 9444 8115 1329
9 92002 9444 7993 1451
10 90551 9444 7862 1582
11 88969 9444 7718 1726
12 87243 9444 7560 1884
13 85359 9444 7388 2056
14 83303 9444 7199 2245
15 81058 9444 6996 2448
16 78610 9444 6772 2672
17 75938 9444 6530 2914
18 73024 9444 6263 3181
19 69843 9444 5973 3471
20 66372 9444 5658 3786
21 62586 9444 5314 4130
22 58456 9444 4937 4507
23 53949 9444 4529 4915
24 49034 9444 4079 5365
25 43669 9444 3590 5854
26 37815 9444 3056 6388
27 31427 9444 2475 6969
28 24458 9444 1839 7605
29 16853 9444 1146 8298
30 8555 9444 889 8555
* The Amortization schedule indicated above is indicative in nature only and is based on a Loan amount of Rs. 1.00 Lac
with Interest, at the rate of Interest (indicated above) linked to HDFC BANK's External Benchmark Lending Rate(EBLR)
as on the date of the Offer Letter. The Schedule does not reflect the repayment terms applicable to the loan and as such
is only for the limited purpose of reflecting the features of the Scheme/Repayment Options.

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