Application No: 10045975
Date : 18/07/2025
To:
MR JAHIRUDDIN SK
VILL FARIDPUR HARINDANGA , MATIARI , KALIGANJ
VILL FARIDPUR HARINDANGA , MATIARI , KALIGANJ
NADIA
WEST BENGAL 741137
Dear Sir/Madam,
Sub: Sanction Letter for Loan Facility
Thank you for choosing Cholamandalam Investment and Finance Company Limited ("the company") for your loan requirements. We are
pleased to inform you that with reference to the above mentioned application, we have sanctioned an in principle Loan facility, the
details of which are given below.
Terms & Conditions
Applicant MR JAHIRUDDIN SK
Co - Applicant MS RAJMOHAN SK
Type of Loan LAP
Purpose of Loan Residential - Self
Amount Sanctioned ( In Rupees ) 22,00,000.00
Term (In Months) 180 Months
Number of Equated monthly installments 180 Months
Due Date 5 th day of every month
Type of Interest Floating Interest rate linked to the Chola HL Reference Rate
Chola HL Reference Rate as on date 22.24% (per annum)
Applicable interest rate as on date 22.24% - 8.24 % of spread = 14 % (per annum)
Rate of additional interest (in%) p.a. on delayed Not exceeding 36% per annum on the amount outstanding from the due date
payments to the date of actual payment
Amortisation The entire loan along with interest shall be repayable in 180 Months* months in
consecutive Equated Monthly Installments (EMIs) of
Rs29,279.00* each under Floating Rate Loan Scheme subject to the covenants of
the Agreement to be entered between the Applicant/s and the Company.
Mode of Repayment ACH/ ECS/ RECS/ EFT
Processing charges (Non Refundable) Rs.5,000(inclusive of applicable tax and cess)
Administrative charges (Non Refundable) Rs.35,282(inclusive of applicable tax and cess)
CERSAI Registration fees Rs.118(inclusive of applicable tax and cess)
Commitment Fees (Non Refundable)* 0.50% of the amount sanctioned + GST
Mode of Pre payment - Part, Full & Final Cheque/D.D from the Applicant/s’Bank Account only.
Charges on Preclosure - Part, Full & Final NIL for all floating rate term loans sanctioned for purposes other than business
to individual borrower/s with or without co-borrower/s
Statement of Accounts Rs. 500/- excluding GST
Swapping Charges Rs. 500/- excluding GST
Duplicate NOC Rs. 500/- excluding GST
Switch Fees / Interest Rate Reset Charges 1% of the principal amount outstanding due on the rate of reset
Cheque / ACH / ECS Dishonour Charges Rs. 500/- Plus GST
Field Visit Charges Rs. 250/- excluding GST per visit
Legal / Recovery / As per actuals
Property valuation charges for each disbursement Rs. 1000 plus GST
subsequent to the first disbursement
Duplicate list of documents / Copy of Rs. 750/- excluding GST
Address of the Property to be Mortgaged as security
for the financial assistance
# Registration of mortgage/charge details with Central Registry of Securitization Asset Reconstruction and Security Interest of India
(CERSAI) is compulsory for all mortgage transactions.
* The Commitment Fee shall be payable by the Applicant immediately on the acceptance of this letter. On the failure of the Applicant to
pay Commitment Fee, further processing of loan will be withheld. Commitment Fee shall be paid by way of Demand Draft, or in an
electronic mode acceptable to the Company. In the event of borrower refusing to accept the disbursement of loan sanctioned under this
letter for whatsoever reasons, the Commitment Fee shall not be refundable. However, in the event of disbursement of loan, the
Commitment Fee paid by the Applicant will be adjusted towards part of the Administration Fee payable by the Borrower
Special Conditions:
1.Collect NOC/ 0 balance statement before hand over the disburse cheque
2.Collect the original property document as per legal report
3.Disburse rhe case subject to positive RCU and Legal Report
4.Disburse the case after start the work of building construction
The above sanction is subject to the following:
1. Satisfactory completion of legal and technical clearance / verification of the property being financed
2. Fulfillment of the conditions precedent specified in the loan agreement and creation of security
3. Payment of processing, administrative charges and any other fee/charges as specified herein above.
4. Execution of all such documents, agreements and writings as per the Company's policy
5. Applicant/s completely investing his/their contribution towards the construction/purchase of Home.
6.The Company has the right to recall or revoke the sanction of the Loan Facility, inter alia, in any of the following circumstances in the
sole
judgment of the Company, If:
a)Any material fact has been concealed and/or becomes subsequently known;
b)Any statement made by or on behalf of the Applicant/s in application or otherwise, is incorrect, incomplete or misleading;
c)There is a default under or a breach of the terms and conditions of this letter or any other loan/ facility offered by the company
or any other competitor in the market to the Applicant/s or Guarantor/s.
Key terms and conditions of sanction:
1.The aforesaid sanction and rate of interest would be valid for a period of 90 days from the date of this letter
2.From the date of first disbursement, you will be charged Pre-EMI interest (at the rate applicable to your loan), subsequent to which your
EMI payments will begin.
3.The rate of interest applicable to the Loan shall be as prevailing on the date/s of disbursement (s)/ drawal(s) and as more particularly
detailed in the Loan Agreement.
4.The above Floating Interest Rate shall be subject to reset prospectively and notified by the Company on its website and to the Applicant/
s.
5.The facility amount must be utilised only for the purpose indicated by the Applicant/s in the application form and should not be used for
any other purpose.
6.The Loan sanctioned by the Company is on the basis of the calculation and the estimation of the costs for the loan purposes stated
above. If there is any change in these, the Company may, at its sole and absolute discretion be entitled to cancel the Loan facility or
reduce the amount sanctioned and the decision of the Company in that behalf shall be binding on the Applicant/s.
7. The Applicant/s shall promptly furnish: Encumbrance certificate (EC) post registration of property in its/his name and submit EC,
Property tax receipts, Certificate of Insurance of the property for each financial year, house construction completion certificate issued by
the appropriate authority and possession certificate issued by the builder.
8.The Applicant/s shall promptly submit his statement of financials for each financial year until the loan is fully repaid.
9. The Applicant/s shall promptly intimate the Company in the event of any change in the repayment capacity of the Applicant/s, loss,
change in job/profession etc., and also any change in any information stated by the Applicant/s in the Application submitted for the Loan.
10.It will be the responsibility of the Applicant/s to ensure that the property is duly and properly insured against all risks such as earth
quake, fire, explosion, terror attacks etc. during the loan tenure, with the Company as first loss payee.
11. All taxes, duties, levies, surcharges and cess including but not limited to goods and services tax (GST) as may be applicable and
amended from time to time will be additionally charged in connection with the loan and other charges/amounts payable by the
applicants.
12. Registration of mortgage/charge details with Central Registry of Securitization Asset Reconstruction and Security Interest of India
(CERSAI) is compulsory for all mortgage transactions.
13.No prepayment/ foreclosure charges are levied on floating rate term loans sanctioned for purposes other than business to individual
borrower/s with or without co-borrower/s.
14.Post Dated Cheques will be accepted by the Company for repayment of loan in the event of your banker not providing ACH/ECS/RECS/
EFT facilities.
15.Stages of Disbursement of loan: a. For Apartments: Disbursement of loan amount will be made as per the stages of construction as
mentioned in the construction agreement entered with the builder by the Applicant/s.
b. For own construction of independent house: Disbursement of loan amount will be made on completion of the following stages not
exceeding the percentage of sanctioned loan limit specified herein: Plinth:25%, Walls & Roof: 25%, Plastering: 30% & Flooring: 10%. If the
building is a multi-storey one, the loan amount disbursable at the said stages of each floor shall be proportionate to the number of floors.
The above is a broad indication on disbursements and decision of the Company shall be final on the stage/s of the completion of the
building.
This Sanction Letter forms an integral part of the loan documentation and shall be read in consonance with the Agreement. In case of
any discrepancies between terms and conditions in the Agreement and Sanction Letter , the terms and conditions of the Agreement
would override the Sanction Letter .
The Company’s Branch Sales Manager will assist you with respect to all your requirements in relation to the loan facility. Kindly sign and
return the duplicate copy of this letter within 90 days of issue of this offer letter to him/her at the address mentioned below.
Your acceptance of this offer shall be construed as you having understood your willingness to be bound by the above terms and
conditions and to execute all the documents required by the Company before availing this loan. We look for war d to a long lasting
relationship with you.
Thanking you,
For Cholamandalam Investment and Finance Company Limited
Authorised Signatory
I / We accept the sanction of the loan by Cholamandalam Investment and Finance Company Limited along with the terms & conditions
mentioned herein above.
MR JAHIRUDDIN SK MS RAJMOHAN SK
