16 May 2025

To,
Mohammed Shahid Sadiq,
no 29/1,kailash apartment bishop lane pursawalkam, Chennai, Tamil Nadu, 600084.
Email ID: mohammedshahid28@gmail.com,
Mobile No.: +91-9087540717,

Subject: Sanction Letter (Education Loan Application Number A2503125400)

Dear Sir/Madam,
Thank You for trusting Credila Financial Services Limited (formerly known as HDFC Credila Financial Services Limited) (Hereinafter referred to as 'Credila')
with your education loan needs.
We are pleased to inform you that your education loan* has been sanctioned, subject to the terms and conditions mentioned hereinafter and printed overleaf :

Applicant Mohammed Shahid Sadiq

Co-Applicant(s) Reshma Aleem
Country of Study UK
Course Details Not Applicable
University Not Applicable
Nature of Loan Education loan for further studies of Applicant
Sanctioned Loan Amount INR 28,00,000.00 (Twenty Eight Lakh Rupees equivalent to GBP 23,989.03 approx. at exchange rate** of GBP 1 = INR
116.72)
Rate of Interest 12.25 % p.a. Floating Rate***
Origination Fees (Non- INR 24,780.00 (inclusive of all taxes)
Refundable)
Repayment Term 168 monthly installments
1 - 24 months: PMII (Pre-Monthly Installment Interest) of INR 10,000.00 per month
25 - 168 months: EMI (Equated Monthly Installments) of INR 44,044.00 per month

Loan Type UNSECURED

Date of Sanction 18 March 2025
Validity of this Offer This Sanction letter is valid till 17 March, 2026
Disbursement The sanctioned Education loan amount shall be disbursed towards Tuition Fee and Living expenditure upon applicant’s
request. The funds shall be available before he/she travels to the United Kingdom and / or after furnishing a copy of valid visa
issued by the authorities of the UK.

We confirm that Credila, established in 2006, is regulated entity as classified by Reserve Bank of India (RBI).
*Including tuition fee and purchase of books & stationery, living expenses, air passage, examination fees, travel, insurance, etc.
** Source/other reference for exchange rate.
*** Interest rate is annualized and is linked to the Credila's Benchmark Lending Rate (CBLR), which is subject to revision/variation at any stage in terms of the
education loan agreement to be executed by you.

We wish you the very best in your education endeavors.

Regards
For Credila Financial Services Limited
(formerly known as HDFC Credila Financial Services Limited)

Authorized signatory
This is system generated letter, does not require Signature/Company stamp.
Please note that this sanction letter is a summary of the indicative terms and conditions. The facility agreement and other transaction documents may/will contain
terms in addition to or in modification of those set out in this letter and that final sanction and disbursement is subject to fulfillment of the terms and conditions
mentioned overleaf.
Education Loan Application No: A2503125400

General Terms and Conditions

1. Education loan disbursement is subject to satisfactory completion of loan documentation.

2. This sanction letter is issued based on the representation made by the Borrower/Co-borrower(s) at the time of loan application and shall not be
considered as a binding obligation on part of Credila. Credila at its sole discretion without giving any reason thereof reserves the right to
unilaterally revoke, modify, amend, or cancel, any parts or all parts of this sanction letter even after acceptance by you, if:

• There are any material changes in the proposal for which the said loan is sanctioned. Final disbursement will be made based on favourable
validation and authentication of all provided documents.
• Any material fact concerning your income, ability to pay, or any other relevant aspect of your education loan application is withheld,
suppressed, concealed or not made known to Credila.
• Any statement made in the application is found to be incorrect or untrue.
• The Education Loan Agreement and other documents, as required by us, are not executed during the validity of this sanction letter, or
during any further extension of the period mutually agreed upon.
• Any information or documentation as may be required by Credila from time to time is not furnished in the form prescribed/approved by
Credila.
• As an outcome of legal due diligence, Credila is of the view that it is unviable to proceed further with the offer made hereinabove.

Note: In the above-mentioned scenarios, Credila shall not be responsible/liable for any costs, losses, damages or expenses or any consequences in any
manner whatsoever for such revocation/rejection/cancellation.
3. Disbursement of each tranche will be based on favourable verification and financial checks of the Borrower/Co-borrower(s).
4. Insurance (if applicable) to be availed of by the Borrower and duly assigned in favour of Credila.
5. The Borrower/Co-borrower(s) hereby confirm(s) and agree(s) that the Origination Fees once paid are non-refundable.

6. The Borrower/Co-borrower(s) hereby confirm(s) and agree(s) that the rate of interest applicable to customers is based on Credila's Benchmark Lending
Rate (CBLR) which in turn is dependent on factors such as cost of funds, margin, etc. plus a spread which is determined on the risk profile of the case.
This may vary on account of several factors such as the student's academic background, employability of the selected course from a selected college and
country of study, financial strength of the co borrower(s), loan repayment capability, credit history, whether or not the loan is secured by collateral,
serviceability of the loan through Credila's branch network, cost/s associated with underwriting and servicing the loan, etc. CBLR is subject to change as
a consequence of prevailing money market conditions and thus has a direct impact on the repayment which can impact your PMII, EMI and/or tenor or
both, which is more specifically described in the education loan agreement, you will have an option to modify your PMII, EMI and/or tenor or both,
when CBLR is revised. In such situations, Credila shall have the right to review the repayment schedule in such a manner and to such extent as it may
deem appropriate. You shall, however, continue to pay the monthly instalment/pre-monthly instalment interest (MI/PMII) as indicated in the education
loan agreement.

7. The Borrower/Co-borrower(s) hereby confirm having received and understood comprehensive and detailed information including the terms and
conditions regarding Credila’s education loan process and hereby agree to the interest rate, fees, charges, costs etc., mentioned in this sanction letter
which is payable to us in relation thereto and that they shall abide by the same.
8. The Borrower/Co-borrower(s) hereby confirm having received and understood comprehensive and detailed information including terms and conditions
regarding Credila’s education loan process in the language known to them. The Borrower/Co-borrower(s) confirm(s) that each of them has/have
understood the contents of this sanction letter and hereby accept(s) the same after understanding and verifying the contents of this letter.
9. To get more information about Education loan products offered by Credila, please visit www.credila.com.
10. To get more information on Most Important Terms & Conditions for Education loan offered by Credila, visit
https://credila.com/pdfs/MITC_15_02_2024.pdf .
11. Visit https://credila.com/pdfs/credila_interest_rate_policy.pdf to get more information about Credila’s Interest Rate Model.

Special Terms and Conditions

1. This education loan sanction offer is made under the Credila Benchmark Lending Rate.
2. MI ACH and Security ACH Mandate from: Reshma Aleem, HDFC BANK, Account No. 50100363754282.
Regards
For Credila Financial Services Limited
(formerly known as HDFC Credila Financial Services Limited)

Authorized signatory
This is a system generated letter and does not require the Company seal/stamp
Below acceptance clause will be used in digital sanction letter:

The Borrower/Co-borrower(s) hereby confirm having received and understood comprehensive and detailed information including terms and conditions regarding
Credila’s education loan process in the language known to them. The Borrower/Co-borrower(s) confirm(s) that each of them has/have understood the contents of
this sanction letter and hereby accept(s) the same