SANCTION LETTER

Sanction Date: 31 May, 2025

Application Reference No: BLSA0006CE49
Applicants: RAJKUMAR GUPTA & MALTI DEVI BANKE GUPTA & RAM NARESH GUPTA
HOUSE NO 510, JANTA MONTESORY , NIRMAL NAGAR LAKHIMPUR KHERI, ., JANTA MONTESORY SCHOOL KE PASS, KHERI,
262701, UTTAR PRADESH, India
Regd. Mail ID: raj7457959727@gmail.com
Regd. Contact No: 8299178186

Dear Sir/Madam

With reference to your loan application, we are pleased to inform you that your loan request has been approved in principle by Piramal Finance
Limited (PFL), on the following terms and conditions:

Particulars Primary Loan

Nature of Facility LAP
Transaction Type BT + Top-up
Loan Amount Rs. 2450000.00
Life Insurance Premium Rs. 80000.00
General Insurance Premium Rs. 25000.00
Interest Rate Type Floating
RPLR 20.92 % p.a.
Spread +/(-) -6.17 % p.a.
Rate of Interest 14.75 % p.a.
Rest Frequency Monthly
Term of Loan 180 months
Installment Rs. 35324
Processing Fees (Inclusive of GST) Rs. 28910
Cersai Charges (Inclusive of GST) Rs. 118
Admin Charges (Inclusive of GST) Rs. 1180
Cibil Charges (Inclusive of GST)
Mode of Payment NACH
Purpose of Loan Business
End Use Business expansion

Collateral Address: House no 510, Nirmal nagar , Nirmal nagar, Nirmal nagar, Janta Montessory School, 262701, Kheri, Uttar Pradesh

Special Condition:
1 List of legal heirs of Co-applicant-Malti Devi and NOC from them to be taken before disbursement
2 All FC,LOD & BT formalities to be fulfilled as per Piramal Finance norms
3 Repayment to be made via NACH mode from 923020027339035
First Tranche of Rs 21.00 Lac ( Approx ) to be disbursed towards closure of BT-Property Loan of Rs 21.00 Lac, Opened dated 30/11/2024 & POS
4 of Rs 20.85 Lac ( Approx ) from Aavas Financiers Limited (Final Closure Amount according to Latest FC Letters) and Remaining Top Up
Amount to be released after receiving Original property documents and NOC from Aavas Financiers Limited.

If the above terms and conditions and the General Terms and Conditions printed overleaf are acceptable to you, please return the duplicate copy of
this Sanction Letter duly signed by all applicants as a token of your acceptance
We look forward to disbursing this Loan and request you to complete all the formalities in this regard.
This is auto generated letter and does not require signature by PFL Official

Accepted by :

Piramal Finance Limited

(Formerly known as Piramal Capital & Housing Finance Limited)
Sanction_Letter_V1 CIN : U64910MH1984PLC032639 Registered office : 601, 6th Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, Opp. Fire Station, LBS Marg, Kurla (West), Mumbai- 400070
Page 1 of 3
Toll Free Number : 1800 2666 444
www.piramalfinance.com | Emai ID: customercare@piramal.com
RAJKUMAR GUPTA & MALTI DEVI BANKE GUPTA & RAM NARESH GUPTA
Application Reference No: BLSA0006CE49
General Terms & Conditions:
Sanction Expiry Date: 29 Aug, 2025

1. Loan amount will be subject to valuation of the Property (being offered to PFL as a security) as assessed by PFL.
2. Repayment of the Loan in EMIs will be from your primary operating/salary account, through the National Automated Clearing House (NACH) system. You will be required to provide a NACH
Mandate Form duly signed by you and all the other bank account holders, authorizing your above bank to debit the above mentioned account with the amount of the EMI
3. The rate of interest mentioned overleaf, is based on the current prevailing Retail Prime Lending Rate (RPLR) of PFL and the same may vary at the time of disbursement of the Loan or during
the subsistence of the Loan as specified in the terms of the Loan Agreement.
4. PFL, at its sole judgment and discretion, may increase or decrease or change the interest rate based on applicable RPLR and PFL shall intimate or provide notice in this regard to you by
updating on its web site. The revised RPLR applicable shall be as updated on the web site of Lender from time to time. Such varied Interest Rate shall become accrued and payable from a
prospective date intimated by the Lender and shall be binding on you
5. Margin/Spread Change: PFL shall have a right to change the margin/spread (thereby change in rate of interest) at any time during the currency of the Loan in the scenarios including but not
limited to i) upon occurrence of adverse change in money market condition ii) RBI revising the standard provision on assets, iii) RBI changing the risk weight for assets, iv) in the event of any
downward change in your credit rating (both internal as well as external)/credit risk profile iv) Occurrence of an Event of Default on your part
6. In case of PMAY, the assessment of your eligibility to avail the benefits under the PMAY scheme is at the sole discretion of Government of India and at no point of time PFLshall be held liable
/responsible for any delay in getting the benefits under the said scheme or rejection of my claim by the Government under the scheme.(Applicable only for PMAY cases)
7. As a result of variations in the Rate of Interest, the amount of the EMI and / or the number of EMIs is liable to vary from time to time
8. Processing fees are not refundable.
9. The Loan together with interest and other charges shall be secured by:
9
Exclusive first charge of PFL on the Property by way of Equitable Mortgage, unless otherwise specified in Special Conditions.
(a).
9
Such other security as PFL may stipulate.
(b).
10. Any disbursement under this Sanction Letter shall be made only after you have fully invested your own contribution
11. The Loan shall not exceed such percentage of the documented cost or realisable value of the Property whichever is lower, as prescribed under the applicable regulatory norms & PFL Policy.
12. Sanction & Disbursement of the Loan is subject to completion of legal and technical due diligence of the Property, compliance of KYC requirements & execution/submission of necessary
documents as required by PFL.
13. The KYC details submitted for the current loan application will be updated for all the existing loans, if any and will replace any previously provided details.
14. Rate of Interest conversion charges (Fixed to Fixed or floating to floating or fixed to floating or floating to fixed, as applicable from time to time) : Upto 1% of principal outstanding +
applicable taxes.
15. Loan will be disbursed in lump sum or in suitable instalments, considering the need and progress of construction as determined by PFL
16 Interest on the partially disbursed loan amount (PEMII) will be payable till the loan is fully disbursed or 36 months from the date of first disbursement whichever is earlier (theperiod may be
(a). extended at discretion of PFL) and payment of EMI shall start thereafter.
16
You shall be allowed to drawn down under the loan within the period of 36 months from the date of first disbursement (Availability Period) which may be extended at discretion of PFL
(b).
17
Property insurance is mandatory.The insurance premium is to be borne by You or can be added to the loan amount if required.
(a).
17 You shall fully insure the Property during the loan term against all losses, damages on account of fire, riots, and other hazards like earthquake, floods and any other insurable riskas required by
(b). PFL for the cost of the Property and such insurance policy obtained by you shall be assigned in favour of PFL. You shall submit the insurance policy to PFL.
17 Opting for the loan amount along with life/property insurance in the sanction letter is only Your intent and such selection is not binding on PFL. Such selection shall become effective only upon
(c). You explicitly instructing PFL in writing to disburse the premium to the insurance company directly and on complying with all the formalities as requiredby the insurance company. PFL shall
not be liable for any consequences/damages/losses arising out of non-compliance of the same
17 You shall ensure that the insurance is for the entire term of the loan and accordingly renew the insurance from time to time and pay the premium for the same. PFL shall not be responsible for
(d). the renewal of the insurance
17 On cancellation of the loan amount and subsequently cancellation of the insurance policy, the rules of insurance company in respect of refund of premium shall be applied and PFL shall not be
(e). responsible and liable for any loss arising out of such cancellation.
17
Claims if arising out of any unfortunate eventualities is a matter between the insurer and borrower, PFL is not liable for the same.
(f).
18. This offer is valid for a period of 90 days from the date of this letter and on the expiry of this validity period this sanction shall automatically stand cancelled with no priorintimation from PFL.
Restoring the sanction will be at the sole discretion of PFL including but not limited to any new conditions that PFL may require and payment of any additional fees for such restoration.
19. You will be required to bear and pay applicable stamp duty, CERSAI charges and all statutory and regulatory charges /taxes/GST, wherever imposed, levied, collected, withheld orassessed by
any government authority, whether on Loan approved herein, transaction documents,acquisition or provision of Property, or otherwise, pursuant to the applicable laws,during the pendency of
the Loan. These charges are non-refundable in nature and payable at the time of disbursement as and when due.
20. This Sanction Letter is in supersession of any other Sanction Letter that may have been issued by PFL for this purpose.
21. Kindly make payment of the balance processing fees as indicated overleaf through a cheque marked "Account Payee only" drawn on and payable at any bank in India in the nameof "Piramal
Finance Limited" (If already paid, please ignore).
22. Notwithstanding anything contained in the loan documents, Interest shall begin to accrue in favour of PFL as and from the date of the disbursement of the loan. Disbursements shall be deemed
to have been made to the Borrower on the date of the cheque or pay order, or on the date on which the loan amount is transferred by PFL to the designatedaccount by RTGS/NEFT as the case
may be. Interest on the loan will begin to accrue in favour of PFL from the date of cheque or pay order or the date of the RTGS/NEFT asthe case may be, irrespective of the time taken in transit
/collection/realization of the cheque by the Borrower or the payee of such cheque.
23. Interest Rate for each loan will be decided after considering various factors such as customer profile, tenure of loan, type of loan, value of security etc. Gradation of interest will bebased on
factors such as Credit Bureau score, income, etc. For more details, please refer to our website www.piramalfinance.com.
24. The Borrower agrees to promptly notify the Lender of any changes in the information provided by the Borrower to the Lender at the time of establishing the business relationship or account-
based relationship, or thereafter, as required by applicable laws and regulations, including but not limited to, changes in the Borrower's identification documents, address, contact information, or
financial status. The Borrower shall provide the Lender with updated documentation within 30 days of any such change. The Borrower's failure to comply with this obligation may be
considered a material breach of this Agreement and may result in the Lender taking appropriate action, including but not limited to, terminating the loan or taking other remedial measures.
25. On successful closure of the loan account, the original property documents will be released/handed over within 30 days from the loan closure date. In case the borrower/s haveavailed of any
other loan against this property/collateral funded by the company, the documents will be released on the successful closure of all linked loan, wherever applicable.The original collateral
/property documents can be collected from the loan originating branch or any other branch as per borrower’s choice at the time of placing the request for closure on the loan.
26. The Borrower understands and agrees that revision in RPLR may lead to changes in EMI and/or Loan Term or both.

Piramal Finance Limited

(Formerly known as Piramal Capital & Housing Finance Limited)
Sanction_Letter_V1 CIN : U64910MH1984PLC032639 Registered office : 601, 6th Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, Opp. Fire Station, LBS Marg, Kurla (West), Mumbai- 400070
Page 1 of 3
Toll Free Number : 1800 2666 444
www.piramalfinance.com | Emai ID: customercare@piramal.com
27. The Borrower may, it has choice, to opt for (i) enhancement in EMI or (ii)elongation of Loan Term or a combination of both options.
28. PENAL CHARGES : 24% per annum i.e. 2% p.m. + applicable taxes on default of PEMII/EMI from the date of default till the date of actual payment.
29. Classification of loan account as Special Mention Account (SMA) and Non-Performing Asset (NPA)
29(a). Upon the occurrence of any payment default under this Loan, the Lender shall classify Borrower’s loan account held with the Lender (Loan Account) in accordance with the prevailing RBI
norms and guidelines.
29(a)(i). As per the current prevailing guidelines of RBI, Loan Account shall be classified as Special Mention Account (SMA) on the following basis:
Basis for classification - Principal or interest payment or any other amount wholly or partly
SMA Sub-Categories
overdue
SMA-0 Upto 30 days
SMA-1 More than 30 days and upto 60 days
SMA-2 More than 60 days and upto 90 days

29(a)(ii). Further, the Loan Account shall be classified as Non-Performing Asset (NPA) where interest and/ or instalment of principal remains overdue for a period of more than 90 days in respect
of a term loan;
29(a)(iii). Loan account classified as NPAs may be upgraded as standard asset only if entire arrears of interest and principal Loan are paid by the Borrower.
29(b). Examples of SMA/NPA classification dates:
29(b)(i). If due date of a loan account is March 31, 2021, and full dues are not received before the Lender runs the day-end process for this date, the date of overdue shall be March 31, 2021. If it
continues to remain overdue, then this account shall get tagged as SMA1 upon running day-end process on April 30, 2021 i.e. upon completion of 30 days of being continuously
overdue. Accordingly, the date of SMA-1 classification for that account shall be April 30, 2021.
29(b)(ii). Similarly, if the account continues to remain overdue, it shall get tagged as SMA-2 upon running day-end process on May 30, 2021 and if continues to remain overdue further, it shall
get classified as NPA upon running day end process on June 29, 2021.
30. In case of non-addressal of the complaint to the customer’s satisfaction within a period of 30 days from the above quarters, the Member may approach the RBI CMS portal by lodging a
complaint online at the given link https://cms.rbi.org.in or may write to below mentioned address: Centralised Receipt and Processing Centre, Reserve Bank of India, 4th Floor, Sector
17, Chandigarh – 160017, Toll Free No. 14448.

This sanction shall stand cancelled and revoked if:

1. There is any material change in the opinion of PFL on the basis of which the Loan had in principle, been sanctioned.
2. Any material facts regarding your income, employment, or ability to repay, or any other relevant aspect of your application for the Loan is
suppressed, concealed misrepresented or not made known to us.
3. Any statement made in the loan application or otherwise is found to be misleading, untrue or incorrect.

Accepted by :
RAJKUMAR GUPTA & MALTI DEVI BANKE GUPTA & RAM NARESH GUPTA

Piramal Finance Limited

(Formerly known as Piramal Capital & Housing Finance Limited)
Sanction_Letter_V1 CIN : U64910MH1984PLC032639 Registered office : 601, 6th Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, Opp. Fire Station, LBS Marg, Kurla (West), Mumbai- 400070
Page 1 of 3
Toll Free Number : 1800 2666 444
www.piramalfinance.com | Emai ID: customercare@piramal.com