Offer Cum Sanction Letter

Application No : DL/NCU/GHAU/A000002977
Date : 28 Mar 2024
Sub : Sanction Letter

We thank you for your application seeking a Housing Loan with Hinduja Housing Finance Limited(HHFL).With
pleasure we inform you that your loan stands in principle sanctioned as per the terms and conditions mentioned
below:

Name of the Applicant MS. KRITIKA AJMANI

Name of the Co-Applicant (s) MR. PRATEEK AJMANI
Name of the Guarantor / PoA ( if applicable )
Address of the Applicant KHASRA NO 3275/719 HOUSE NO 5052 WARD NO XVI
PLOT NO 22 BLOCK S GALI NO 1 BASTI BEHGAR SANT
NAGAR KAROL BAGH DELHI -110005 , HOUSE NO
5052 WARD NO XVI PLOT NO 22 BLOCK S GALI NO 1
BASTI BEHGAR SANT NAGAR KAROL BAGH DELHI -11 ,
HOUSE NO 5052 WARD NO XVI PLOT NO 22 BLOCK S
GALI NO 1 BASTI BEHGAR SANT NAGAR KAROL BAGH
DELHI -11 , Metro , DELHI , Delhi , India - 110005
Loan Type Non Housing
Purpose Loan Against Property
Sanctioned Amount Rs.38,00,000.00

Term ( in Years ) 10 Years

Interest Type Fixed & Floating

HHF - Prime Lending Rate ( HHF - PLR ) 16.2%

Rate of Interest ( ROI ) in % p.a. 14.50%
EMI Amount Rs.60,149.00

Mode of Repayment NACH/PDC

Processing Charges ( Non Refundable ) Rs.38,000.00 + Applicable taxes

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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 Administrative Charges ( Non Refundable ) Nil
CERSAI Registration Fees Rs. 100+ GST

Health Insurance Premium Rs.57,000.00 + Applicable taxes

Life Insurance Premium Rs.76,000.00 + Applicable taxes
Property Insurance Premium Rs.76,000.00 + Applicable taxes
Property Address PLOT NO 22, KHASRA NO 3275-719, BASTI
REHGAR,SANT NAGAR, KAROL BAGH,Nearby Om
Corner,New Delhi,Delhi,110005
Sanction Conditions

The above sanction is subject to fulfilment of the following conditions:

1. Subject to Legal Clearance.
2. The rate of interest applicable to your loan is linked to HHF prime lending rate and a specified spread,
both of which is determined by HHFL based on market conditions.
3. Fixed & Floating rate- you have opted for fixed & floating rate of interest; the current rate of interest
shall be applicable for first 3 years from the date of sanction. Post 3 years, rate of interest shall change
to floating and the revised rate shall be linked to the extant HHF-PLR.
4. Part or Full payment of loan- The borrower shall be liable to pay 2% of principal prepaid + Applicable
taxes as prepayment charges, unless it is proven that the prepayment is from own sources during first
3 years.
5. Fulfillment of all conditions precedent as specified in loan agreement.
6. Payment of applicable charges as specified in the table above.
7. Customer Own Contribution to be completed, wherever applicable.
8. Company has the sole right to recall the sanction, on the following scenarios:
a. Concealment of material facts
b. Incorrect / Incomplete / misleading data submission
c. Breach of Conditions imposed in MITC, Loan Agreement, Sanction Letter etc.
d. Any other exigency at the sole discretion of the company
9. Six Post-dated cheques /ECS/NACH from a nationalised bank.
10. We invite your attention to the terms and conditions given overleaf which forms part of this offer.

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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 STANDARD TERMS AND CONDITIONS OF THIS OFFER
1.The Loan will be repayable in equated monthly instalments (EMIs). The EMIs would be paid to Hinduja Housing
Finance Limited through Electronic clearing system (ECS/NACH) or post-dated cheques mode only.
2.The rate of Interest is subject to prospective revision in terms of the loan agreement to be executed and is
subject to any higher rate that may be prevailing at any time during the tenure of the loan.
3.PRE-EMI interest is calculated at the rate at which the EMI has been calculated as stated aforesaid, and it shall
be charged from the respective disbursement dates to date of commencement of EMI in respect of the amount
disbursed.
4.The loan would be disbursed in lumpsum or in suitable instalments to be decided by Hinduja Housing Finance
Limited considering the need and progress of construction or the improvement / extension work as the case may
be, as determined by HHFL and not necessarily as per your agreement with the Seller.
5.The property being financed, must conform to the sanctioned plans and other legal / technical requirements to
the satisfaction of HHFL.
6.The loan mentioned overleaf is related to the value of the property disclosed to HHFL by the applicant(s). Based
on HHFL own scrutiny if it is found that the actual value of the property is lower than the value disclosed to HHFL
by you, the loan would be reduced accordingly.
7.Verification of legal documents of the property being financed would be done by HHFL before disbursement of
the loan, and the same must establish that the property has clear and marketable title, to the satisfaction of HHFL.
8. If required, HHFL may seek for additional security on its sole discretion at any stage. All requisite documentation
for such security would need to be provided as and when asked by HHFL.
9.The loan amount to be disbursed has been fixed by HHFL based on purchase cost/Construction estimate. In the
event of the cost actually incurred being less than the estimate given by you, HHFL reserves the right to suitably
reduce the loan amount.
10.This offer is valid for 30 days from the date of this letter. This offer is extendable for another 30 days on the sole
discretion of HHFL.
11.The disbursement of the loan is subject to execution of the loan agreement, demand promissory note,
indemnities, undertakings, power of attorneys and such other documents as are incidental to the disbursal of the
loan.
12.The amount of loan should be strictly used only for the purpose stated in the loan application and / or loan
agreement (to be executed).
13.In case of self-construction cases where construction is not complete within six months, an additional rate of 5
% will be levied over and above current ROI indicated in the loan offer letter after six months from the date of first
disbursement till final disbursement is done and EMI commenced for the borrower.
14. MODT/applicable charges for the mortgage creation to be done at your own cost.
15.Building Construction should be as per sanctioned plan and or Building Byelaws . Completion
Certificate/Occupancy certificate to be obtained by the customer from the relevant Authority after completion of the
Building/Structure wherever applicable and copy of the same to be submitted to HHFL, within loan tenure.

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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 MOST IMPORTANT TERMS AND CONDITIONS (MITC)
The Most Important Terms and Conditions (“the MITC”) for the housing loan (“the Loan”) availed by an individual
Borrower(s) from Hinduja Housing Finance Limited, a Company incorporated under the Companies Act, 2013 and
having Its registered & Corporate office at No. 27A, Developed Plot, Guindy Industrial Estate, Guindy, Chennai –
600032, head office at No.167-169, 2nd floor Anna salai, Saidapet, Chennai -600015, hereinafter referred to as
“HHFL” are mentioned below and are to be read and understood in conjunction with the terms contained in the
Sanction Letter, Loan Documents and the Loan agreement which shall be executed in reference to the Loan with
HHFL (Collectively referred to as “the Loan Documents”).
The MITCs mentioned here are merely indicative and not exhaustive. The Loan shall be governed by the Loan
documents including the Sanction Letter. In the event of a contradiction between the terms and conditions set out
herein and the Loan agreement, the terms and conditions of the Loan agreement shall prevail.
A) Loan:
Sanctioned Amount Rs.38,00,000.00

Interest Type Fixed & Floating

Interest chargeable per annum 14.50%

Principal Moratorium Nil

Interest Moratorium Nil

Date of reset of interest, if any 1st of Every Month.

Mode of communication of changes in interest rate Intimation about the changes in the rate of interest will be
given by way of Letters / Emails /SMS as per the terms
and conditions of the Loan Offer Letter.

Installment Type Monthly

Loan Tenure 10 Years
Purpose of Loan Loan Against Property

B) Fee and Other Charges

Charge type Home Loan

Income tax certificate for current /Previous financial NIL
year

Part or Full Prepayment of loan (on Floating Rate of NIL

interest by Individual Borrower(s)

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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 Cheque/ ECS return Rs. 250 + Applicable Taxes

CERSAI charge for creation of Security interest Rs.100 + Applicable Taxes

Statement of account NIL for once in every year and Rs. 750 + Applicable Taxes
for every additional request.

Change of repayment mode-PDC to PDC or PDC to Rs. 500 + Applicable Taxes

NACH

EMI payment fee on account of non- submission of Rs. 300 + Applicable Taxes
PDC/NACH

Part or Full Prepayment or cancellation of loan (on 2% of principal prepaid + Applicable Taxes
Floating Rate of Interest) by non- individual Borrower(s)
being applicant or co-applicant

Part or Full Prepayment of loan (on Fixed Rate of 2% of principal prepaid + Applicable Taxes for housing
Interest) by individual Borrower(s) loan.
3% of principal prepaid + Applicable Taxes for non-
housing loan
In case of prepayment of loan is by own source (except
borrowing from Bank/ HFC/ NBFC/Any Financial
Institution), no fee is Applicable.

Part or Full Prepayment of loan (on Fixed Rate of 2% of principal prepaid + Applicable Taxes for housing
Interest) by non- individual Borrower(s) being applicant loan.
or co-applicant 3% of principal prepaid + Applicable Taxes for non-
housing loan

Loan Pre-closure statement or List of original Property Rs. 1000 + Applicable Taxes
documents or Photocopy of original Property
documents

Part or Full Prepayment of loan (on Floating Rate of Nil charges

Interest) by individual Borrower(s)
For Fixed and Floating Rate Loans Will attract the pre-closure norms applicable to fixed/
floating rate as mentioned above, depending on whether at
the time of pre-closure, the loan is on fixed or floating rate.
The pre-closure norm for floating rate will apply once the
loan has been converted into floating rate loan, after the
expiry of the fixed interest rate period.

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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 Processing fee Rs.38,000.00 + Applicable taxes

Overdue charge 3% per month on overdue amount

Recovery charges As per actual
Legal and Technical charges Rs. 5,999 /- part of processing fee (non-refundable)
Cancellation Charges for all types of loans other than Rs. 10,000/-
loan against property

Switch/Conversion Charges Upto 3% on principal outstanding amount + Applicable

(From Floating to Fixed Rate and vice versa) taxes
Expenses to cover incidental cost Incidental charges and expenses are levied to cover the
cost, charges, and other expenses as per actuals
applicable on case to case.

C) Security for the Loan

The Security for the Loan would generally be security interest on the Property being financed and / or any other
collateral / interim security as may be required by HHFL.
1. Property description :PLOT NO 22, KHASRA NO 3275-719, BASTI REHGAR,SANT NAGAR,
KAROL BAGH,Nearby Om Corner,New Delhi,Delhi,110005
2. Guarantee:
3. Other security interest (if any):

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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 D) Insurance of the Property/ Borrower(s)
It will be the Borrower(s)' responsibility to ensure that the Property offered as Security is duly and properly insured
against fire and other hazards for an amount specified by HHFL during the period of this Loan with HHFL as sole
beneficiary. The evidence thereof shall be given to HHFL every year and/or whenever asked for by HHFL.
Regardless of the amount being specified by HHFL for the said purpose, the Borrower(s) shall remain absolutely
obligated to insure the Property for an adequate amount.
In addition to the above insurance, it is also the Borrower(s)' responsibility to ensure that his Life is also insured for
an amount specified by HHFL during the period of this Loan with HHFL as sole beneficiary. The evidence thereof
shall be given to HHFL every year and/or whenever asked for by HHFL. Regardless of the amount being specified
by HHFL for the said purpose, the Borrower(s) shall remain absolutely obligated to insure his life for an adequate
amount.
The terms & conditions including claims & coverage will be governed by the issuer of such insurance policy. Please
note that the role of HHFL under the insurance policy would be that of a facilitator and the decision to cover and
settle any future claim under the policy would solely rest with the insurance company. Insurance is the subject
matter of solicitation

E) Conditions for Disbursement of the Loan

The conditions for the Disbursement of the Loan shall be mentioned under the Loan Documents in detail. Some of
the salient and major conditions are mentioned below:
• Submission of all relevant documents as mentioned by HHFL in the Loan Documents.
• Legal & technical assessment of the Property.
• Payment of own contribution by the Borrower(s) (difference between total cost of dwelling unit and the Loan
amount), as specified in the Disbursement Letter.
• Providing adequate utilization proof of the Loan.
• Undertaking by the Borrower to regularly provide HHFL information, including details regarding progress /
delay in construction, any major damage to the Property, change in employment/ contact details, non-
payment of taxes pertaining to Property, etc.
• The construction is being undertaken as per the approved plans.
• The Borrower(s) has satisfied himself/herself that required approvals for the project have been obtained by
the developer.
• All required approvals for the Property have been obtained and are available with the seller in case the
Property is being purchased in resale.
• In case of self-construction cases where construction is not complete within six months, an additional rate of
5% will be levied over and above current ROI indicated in the loan offer letter after six months from the date of
first disbursement till final disbursement is done and EMI commenced for the borrower.

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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 F) Repayment of the Loan & Interest
(a) The amount of EMI: Rs.60,149.00
(b) Total number of installments where the loan is 120 Months
repayable in equated monthly installments:

(c) EMI due date: Pre-EMI/EMI due date starts from 1st calendar day of the
Month
(d) Procedure for advance intimation of the changes in Intimation about the changes in the rate of interest/ EMI
the rate of interest/EMI : will be given by way of Letters /Emails /SMS as per the
terms and conditions of the loan offer letter
G) Brief procedure for Recovery of Overdue.

On occurrence of any event of default as mentioned in the Loan Documents ("Event of Default"), all outstanding
amounts owed by the Borrower(s) to HHFL shall become payable forthwith and HHFL reserves the right to
undertake such necessary processes/measures to enforce its rights under the Loan Documents including but not
limited to charging Additional Interest for the delayed payment, recovery of over dues by enforcing the Security in
accordance with the remedy available under the Law. The actual procedure shall be determined by HHFL
depending upon the circumstances of each case.

H) Date on which annual outstanding balance statement will be issued: Annual outstanding balance statement will
be available for issuance at branch offices from 10th of April to 30th of April.

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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 I) Customer Service
a) Visiting hours at the office - 10:30 AM to 4:30 PM (Monday to Friday) and 10:30 AM to 1:30 PM (Saturday).
Office remains closed on Sundays
b) Details of the person to be contacted for customer service –Cluster Business Manager at branch office of
HHFL;
c) Procedure to obtain the following including time line thereof:
i. Loan account statement – within 15 working days from the date of customer’s request
ii. Photocopy of the title documents - within 30 working days from the date of customer’s return request with
requisite fee
iii. Return of original documents on closure/transfer of the Loan – within 30 days from the date of full
repayment of loan account and NOC being generated. Process to be followed for return of original
immovable property documents (“OTDs”) to the legal heirs in case of the contingent event of sad demise of
the Borrower(s) is available in the Company website.

NOTE: Borrower(s) can obtain these services from branch by providing loan account number and identity proof.
Alternatively, the Borrower can write to compliance@hindujahousingfinance.com
J) Grievance Redressal
In case of any grievances, the Customers may contact the Cluster Head/Area Head/Regional Head/ Zonal Head at
the respective branches, where they have taken the loan, in writing, through email or by post / courier. A Complaint
Register is also made available at our branches for the Customers to record their complaint in writing.

In case the customer does not receive response from the branch within 15 days or is dissatisfied the customers
may approach the Grievance Redressal Officer as per the details furnished hereunder:
No.167-169, 2nd floor Anna salai, Saidapet, Chennai -600015. Phone: 044-30081649 Email:
grievance@hindujahousingfinance.com.

In case, the customer does not receive response from the Company within 30 days or is dissatisfied with the
response received, the Customer may also approach the Complaint Redressal Cell of National Housing Bank by
lodging a complaint in online mode at https://grids.nhbonline.org.in or in offline mode by writing to Complaint
Redressal Cell, Department of Regulation and Supervision, National Housing Bank, 4th Floor, Core 5A, India
Habitat Centre, Lodhi Road, New Delhi – 110003.

K) HHFL retains the right to alter any charges, fees, timeline or procedure from time to time to introduce any new
charges, fee, timeline or procedure as it may deem appropriate with due intimation to the borrower.The stipulated
schedule of charges is subject to be revised on a prospective basis from time to time by the company and will be
updated in the company’s website www.hindujahousingfinance.com. It is hereby agreed that for detail terms and
conditions of the Loan, the parties hereto shall refer to and rely upon the loan and other security documents
executed / to be executed

MS. KRITIKA AJMANI MR. PRATEEK AJMANI MR. HIMANSHU

BORROWER CO-BORROWER1 AJMANI
CO-BORROWER2

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