Sanction Letter

LD/LAP_ SL_Rural/ Jan2025/ v1

Ref. No.: - 0608227855 Date: - 19/08/2025

Dear Sir / Madam,

Sub: Application for Home/Mortgage Loan Facility vide Application No.0608227855
(Name of SO/RO:):Saravanabhava P
(External Code:):151419

Applicant: MRS. Savithiri Ganapathi

Co-applicant1 – MR. Ganapathi Ayyavu
Co-applicant 2 -
Co-applicant 3 -
Co-applicant 4 -
Co-applicant 5 -

We IDFC FIRST Bank Ltd are pleased to inform you that with reference to the above application, we have in-principle sanctioned you a Mortgage/Home loan
facility, on the terms and conditions mentioned hereinafter and printed overleaf, the details of which are given below
Type of Loan Rural LAP
1. Sanction Amount : 400000.00
Loan amount sanctioned
2. Net Disbured Amount : 371675.00/-
Loan Type(Floating/Fixed/Hybrid) Fixed
Insurance & Cross Sell HDFC Life Credit Shield – Rs 18885.00/- Premium Value
(Premium) ICICI Lombard Property Insurance – 0.00/-
Term of Loan(In months) 72
External Benchmarking Rate
NA
(EBR = REPO Rate)
Spread (+/-) NA
ROI 19.00%
All rates of interest mentioned herein are exclusive of interest tax
Applicable Rate of Interest (ROI) and/or any such other levies / duties. Such interest tax / other
levies / duties, if any, applicable, shall be payable by the Borrower
to Lender over and above the rates mentioned hereinabove.
No. of Equated monthly installments (EMI's) 72
EMI Amount 9351.00
Amount of each EMI (on Monthly rest)** Kindly note, this is an indicative EMI amount mentioned. EMI in Repayment schedule,
provided, post disbursement as part of Welcome kit should be considered final.
First EMI Date 02-09-2025
Application Fees (Non Refundable) 0
Processing fees 9440.00 (Rs) The processing fees shall be debited from the loan
Processing Fees (Non Refundable) disbursement, provided the loan is sanctioned and disbursed by
IDFC First Bank.
For all HL Under-construction & P+C cases both Principal and Interest repayment
Pre-EMI Period:
will start by default from the date of disbursement on amount disbursed
(Wherever applicable)
till date unless requested otherwise by the customer.
2% per month. Default Interest is levied in case of nonpayment of the monthly payment. It is
Penalty for delayed payments:
charged on the overdue instalment for the defaulted period
Mode of creation of Security Mortgage on the property(in the form and manner as prescribed by IDFC FIRST Bank)
SNo 62 7M UDR SNo 324 7M WNo 11 ODNo 87
NDNo 74 Mumudisolamangalam Vlg
Lalgudi Tk and SRO Ariyalur RD Trichy Dt
Address of property proposed for mortgage Landmark:Vinayagar Temple
Pincode:621601
City Tiruchirapalli
State: TAMIL NADU
Purpose of Loan Application Business expansion
 Part payment & Foreclosure Charges Rate Type HL LAP Remarks
0-for individual, Micro and Small enterprises
Floating Rate 0-for individual
4 % for Medium Enterprises Charged on amount in excess to
Part Payment Charges 0- for Micro and Small enterprises if Loan Amount <= Rs 0.5 cr. 10% of the sanctioned amount in a
Fixed Rate 3% 4% -for Micro and Small enterprises if Loan Amount > Rs 0.5 cr. Fiscal Year.
4% -for individuals and Medium enterprises
0-for individual, Micro and Small enterprises
Floating Rate 0-for individual
4 % for Medium Enterprises
Charged on Principal Outstanding
Foreclosure Charges 0- for Micro and Small enterprises if Loan Amount <= Rs 0.5 cr. Amount
Fixed Rate 3% 4% -for Micro and Small enterprises if Loan Amount > Rs 0.5 cr.
4% -for individuals and Medium enterprises

The aforesaid sanction of the loan("Loan") is subject to the following terms and conditions:

1. This Sanction Letter supersedes all the earlier letters and/or sanction letters.

2. All Owners/Co-owners of the Property must be named as Borrower or Co-Borrowers to the Loan.

3. Title documents of the Property, as specified in the undertaking signed by the Borrower, are to be submitted to the Bank in original.

4. Rate of Interest mentioned above is based current pricing policy of the bank and the Rate of Interest (if floating) is subject to change owing to change in the
EBR/spread as on the date of disbursal

5. Net disbursement amount would be after deduction of charges including pre-EMI charges applicable as per disbursement date

6. The title deeds of the property can be collected by the security provider within 30 days from LALGUDI IFBL branch after full repayment/settlement of the
loan account, subject to satisfaction of adequate KYC documents and provided no other credit facility is existing against the said property. Timelines for
release of title deeds may extend if the security provider is unable to collect the documents in person for any reason.

7. Terms and conditions as mentioned overleaf

Special Conditions & Credit Pre-Sanction Conditions

Sr.No Special Conditions Status Remarks

If required, you may contact IDFC FIRST Bank Your IDFC First Bank Relationship Officer Saravanabhava P will assist you.
E-mail ID:saravanabhava.p@idfcfirstbharat.com
MobileNo.:9047667446

We look forward to a mutually beneficial and long term relationship

Thanking You,
For IDFC First Bank Ltd,

Authorized Signatory
Name: Jaisankar R (136159 )
Employee ID:- 136159

I / We have read the terms and conditions mentioned in this Sanction letter and accept the same

Customer Type Name of Applicant/Co-Applicant Signature

Applicant MRS. Savithiri Ganapathi
Co-applicant1 MR. Ganapathi Ayyavu
Co-applicant 2
Co-applicant 3
Co-applicant 4
Co-applicant 5
 TERMS AND CONDITIONS ATTACHED TO SANCTION LETTER
1. “IDFC FIRST Bank Limited” shall mean and include its successors, assigns and subsidiaries.
2. “Hybrid interest Rate (Split Rates of Interest)” shall mean If the interest rate applicable is Hybrid interest Rate(Part Fixed- Part Variable) as provided for in this Sanction
Letter, then the interest rate will remain fixed for the period mentioned hereinbefore from the date of first disbursement of loan amount. During that period all subsequent
disbursals would be at the fixed rate of interest prevailing for the loan. When the floating interest rate period starts, interest rates applicable will be as per the then prevailing
IDFC FIRST Bank rate of interest .
3. External Benchmark Based Lending” shall mean such REPO rate as may be prescribed by RBI and decided/announced /notified by the Bank from time to time.
4. “External Benchmark Reset Date” shall mean reset of interest rate occurring three months from the date of first EMI and every three months thereafter.
a)EMI amount is intended to be kept constant irrespective of variation in ROI by changing the tenor of the Mortgage Loan. However, the Bank is entitled to increase the EMI at
its sole discretion. The tenor of the Mortgage Loan shall also change as per change in EMIs.
5. Borrower has the option to change the interest rate type from Floating rate to Fixed rate. Fixed rate will be as prevailing at the time of change request. Charges for changing the
interest rate type are mentioned below.
6. Interest rate type change will be charged at 0.1% of the sanctioned loan amount or Rs.10,000/- whichever is lower excluding applicable charges/ taxes.
7. Interest rate type can be switched two times during the entire tenure of the loan. Once interest rate is switched from floating rate to fixed rate, it will not be allowed to switch
back to floating rate for minimum three years from the date of switch.
8. Increase in benchmark lending rate will lead to increase in EMI or Tenure or both and decreased in benchmark lending rate will lead to decrease in EMI or Tenure or both.
Default option will be impacting the Tenure as per Bank's policy. Incase borrower wants to increase the EMI, borrower to approach the bank and bank to decide basis its internal
evaluation.
9. The Bank shall also be entitled (but not obligated) to reset the Spread on account of borrowers credit assessment undergoes a substantial change as agreed in the Loan/facility
documents.
10. This Sanction letter should not be construed as giving rise to binding obligations on the part of IDFC FIRST Bank to provide the loan mentioned overleaf (the Facility´). The
Facility mentioned overleaf will be available solely at IDFC FIRST Bank’s discretion and IDFC FIRST Bank will not be liable for any action taken by the customer on the basis
of this sanction letter.
11. The aforesaid sanction is also subject to the additional terms and conditions as mentioned in the Loan Agreement to be executed between you and the Bank.
12. If the Loan type is “fixed”, then Interest rate will remain fixed for the entire tenure of loan
13. IDFC First Bank shall be entitled to revoke the sanction of the Facility, inter- alia, in any of the following circumstances:
a) There is any material change in the purpose(s) for which the Facility have been sanctioned (“the purpose(s)”)
b) In the sole judgment of IDFC First Bank, any material fact has been concealed and / or become subsequently known;
c) Any statement made by you or on your behalf in your application or otherwise, is incorrect, incomplete or misleading;
d) Non-Satisfactory performance on other facilities (past or present) with IDFC FIRST Bank Ltd. or other financial institutions/banks/lenders.
e) If the Borrower is a Non-Resident Indian (NRI) and subsequently the NRI Borrower ceases to be an Indian citizen and acquires citizenship of
any other country or a non-Indian passport.
f) If the Borrower is a Person of Indian Origin (PIO) and the PIO Borrower ceases to hold his/her PIO status.
g) There is a default under or a breach of the terms and conditions of this letter or any other loan / facility offered by IDFC First Bank or any other
person/entity, to you / any of you.
h) The legal / technical / valuation report on the property is not satisfactory to IDFC First Bank;
i) The accepted copy of this letter duly signed by you is not received by IDFC FIRST Bank within the specified validity period.
14. This sanction is valid subject to the Borrower availing of whole or partial disbursement of the Loan Amount by . Beyond this period, the sanction may be kept open at the sole
discretion of the Bank.
15. The Borrower shall be required to pay to the Bank all applicable charges, fees, commissions, other moneys etc., as stipulated in the schedule of charges attached to the
Application Form and updated from time to time on the Bank’s website www.idfcfirstbank.com.
16. Disbursal of the Loan Amount will only take place once the Borrower has complied with all the Conditions Precedent including payment in full by the Borrower of the Margin
Amount for purchase of the Property and submission of proof thereof to the satisfaction of the Bank.
17. All loans are at the sole discretion of the Bank. The Bank reserves the right to ask for any additional documents from the Borrower and reserves the right at any time, with notice,
to add/alter/modify/change or vary any of the terms and conditions including but not limited to the Interest Rate, Repayment and other charges or to replace, wholly or in part.
18. Loan to Value not to exceed 19.48% of market value.
19. Disbursement is subject to submission of own contribution proof along with reflection in the bank statement as and when requested by the bank.
20. For under construction properties, loan will be disbursed in stages of construction basis technical valuers’ certificate directly to seller or bank as the case maybe.
21. Stamp duty charges as per respective state law to be borne by borrower.
22. Plot + Construction Norms:
Borrower if fails to construct the house within specified timeline of 36 months, then
a) IDFC FIRST Bank Limited, at its sole discretion (Either or Both):
i) May convert borrowers loan from residential to non-residential /non housing category or whichever is applicable in this context as per the terms and conditions of
IDFC Bank Limited.
ii) May charge interest as applicable for the non- residential/non housing loan of IDFC FIRST Bank Limited upon demand from time to time and also change or upward
revision of EMI and /or on balance tenure in the said loan.
b) If there is no progress in spite of extending the timeline, then IDFC FIRST Bank Limited, shall have the power and the authority to recall the entire loan with interest,
costs and other usual charges and the Borrower will repay the loan with all outstanding dues immediately on demand.
23. The para banking services provided by the Bank to the Borrowers for financial products shall be strictly on a non-risk participation basis
24. Borrower shall be liable to pay the Interest on outstanding loan balance for the duration it remains outstanding. Further, such Interest calculation shall commence from the actual
date of disbursement of the said loan. In the event of disbursement through cheque, Interest shall be calculated from the date of handover of the cheque.
25. Notwithstanding anything to the contrary contained in this Agreement, Borrower is aware that insurance is non-mandatory and offered only to customer who voluntarily choose
to opt for the same and in case if the loan is cancelled, the insurance policy will also get cancelled automatically by the Insurance Company and the certificate of insurance (if
received/issued) will remain cancelled/ revoked by the said Insurance Company.Bank may receive the commission / fees for solicitation of insurance products (if any) and same
will be available on Bank website https://www.idfcfirstbank.com/personal-banking/investments-and-insurance under Insurance Tab.

ADDITIONAL TERMS AND CONDITIONS APPLICABLE TO BORROWERS WHO ARE NRIs/PIOs

1. The Borrower must ensure that the Property is purchased in conformity with the Foreign Exchange Management Act, 1999 and all relevant rules and regulation thereunder.
2. In case an NRI / PIO Borrower, neither the Property being purchased nor any part thereof shall be agricultural land, or plantation property or a farm house, and the purchase shall
be in conformity with the Foreign Exchange Management Act, 1999 and the relevant Rules and Regulations thereunder.